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Daily Archives: March 20, 2015
Why oil cos keep flooding an oversupplied market
U.S. shale oil companies are sustaining production even as oil prices crash. Four words: desperate for cash flow. The reasons are sunk costs, overhead and high debt levels. We can thank the Fed’s zero interest policies for much of this. … Continue reading
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Canadian economy teeters on crashing oil and “crazy home equity loans”
“Boombustology” Author Vikram Mansharamani discusses his outlook for the Canadian economy. Here is a direct video link.
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Finance still gambling with other people’s money
Heads they win, tales we all lose. The first (glaringly obvious) step is to sever the risk seeking from the deposit taking functions. This means breaking apart today’s ridiculously conflicted mega banks. Only deposit taking arms should be in any … Continue reading
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