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Daily Archives: May 16, 2017
Mounting pension deficits threaten solvency of cities and states
According to a new study by Stanford Research no US city or state is running a balanced budget for their pension schemes and the collective funding deficit–of just US public pensions–grew to $4 trillion in fiscal 2016. The cause of … Continue reading
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Death of a cartel: cuts = higher prices= more production= lower prices
Extending the OPEC plus Russia cuts should help bring commercial petroleum inventories down and boost crude prices by a few dollars a barrel in the short-term. But in the bigger picture: OPEC (Canada and other dependent exporters) are likely to … Continue reading
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