Category Archives: middle east

The Collapse Of The Petrodollar: Oil Exporters Are Dumping US Assets At A Record Pace

Back in November we chronicled the (quiet) death of the Petrodollar, the system that has buttressed USD hegemony for decades by ensuring that oil producers recycled their dollar proceeds into still more USD assets creating a very convenient (if your printing press mints dollars) self-fulfilling prophecy that has effectively underwritten the dollar’s reserve status in the post Read More

Consumer Companies Issue Most Negative Guidance Ever Despite Lower Gasoline Prices

by Wolf Richter But the oil-price crash was supposed to goose consumer spending. The price of oil continues to crash relentlessly. WTI trades at $49.80 as I’m writing this on Monday after hours, down 5.5% for the day, and down 54% since June 2014. The oil-price plunge is eating into the American oil boom, munching Read More

War against Isis: US Air Strategy in Tatters as Militants March On

World View: American-led air attacks are failing. Jihadis are close to taking Kobani, in Syria – and in Iraq western Baghdad is now under serious threat   America’s plans to fight Islamic State are in ruins as the militant group’s fighters come close to capturing Kobani and have inflicted a heavy defeat on the Iraqi Read More

Defense Firms Rising to Record Levels on Wars in Syria, Ukraine – Only Growth for US is in War

Led by Lockheed Martin Corp., the biggest U.S. defense companies are trading at record prices as shareholders reap rewards from escalating military conflicts around the world. Investors see rising sales for makers of missiles, drones and other weapons as the U.S. hits Islamic State fighters in Syria and Iraq, said Jack Ablin, chief investment officer Read More