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Failed State Immigrants vs. Europe’s Welfare States

Written by Gary North on November 7, 2015


At the same time, this is only the beginning of the crisis, because the conditions inciting people to flee their homelands will only worsen. And the EU, many of whose members have the world’s largest and best-equipped welfare systems, appears to be overwhelmed by it — politically, morally, and administratively. This paralysis creates a significant […]

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When It’s “Greece Time” in America

Posted on July 4, 2015


By Jared Dillian I was watching the 6 o’clock news and saw images of closed banks in Greece and people lined up at ATMs. I’m sure you did, too. This must seem surreal to most people because it seems so remote. But put yourself in these people’s shoes for a second. You have money in […]

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Oil Patch Bust — The Leveraged Disaster Has Begun.

Posted on January 6, 2015

By Harris Kupperman What is the senior debt on a shale play that needs $100 oil to be profitable worth? With oil at $51, it’s worth roughly zero. What is the equity worth? Even less. What is the junk debt worth? Somewhere in the middle. The first epiphany in the shale patch will soon be […]

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What’s RIGHT With the Euro

Written by Gary North on October 11, 2014


You read that right. Right. I think like an economist. The economist always thinks in terms of alternatives. The economist’s mindset was expressed clearly by the late comedian, Henny Youngman. “How’s your wife?” “Compared to what?” One of the most common complaints against the eurozone is this one: “The eurozone is a central currency, but […]

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Ukrainian Troops March To Regain Control Of Eastern Regions

Posted on April 15, 2014


Ukraine’s acting president said Tuesday that a military operation to wrest control of cities in eastern Ukraine from pro-Russian militants has begun. Oleksandr Turchynov said that the “antiterrorist” operation began in the early morning hours in the northern Donetsk region, where the majority of the cities commandeered by pro-Russian forces are located. “Overnight, an antiterrorist […]

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European Quantitative Easing Hinges On… German Vacation Spending?

Posted on April 8, 2014


Whether or not the European Central Bank will take the quantitative-easing plunge is on the minds of investors around the world, including in the U.S. But in the end, the decision, or at least it’s timing, could revolve around German holiday-makers and the prices they pay for their spring vacations, argues Standard Bank’s Steven Barrow. […]

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Ukrainian Unrest Continues As Pro-Russian Citizen’s Riot

Posted on April 7, 2014


Anti-government protesters calling for closer ties with Moscow seized regional government headquarters in two cities in Ukraine’s east on Sunday, in the most serious unrest there in the past month. Around 200 pro-Russian demonstrators broke into the government building in the industrial city of Donetsk, raising a Russian flag and demanding the local council call […]

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Crimea to Vote on Whether To Rejoin Russia

Posted on March 13, 2014


As Secretary of State John Kerry prepares to meet his Russian counterpart in London for last-ditch talks Friday aimed at averting a rushed referendum on Crimea’s reincorporation into Russia, neither Russia nor the separatist authorities in Crimea show any sign of backing down. President Obama’s decision to send Kerry comes just two days after the […]

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