Hard hitting global and local news
See the original post: Mystery Behind Dropping Oil Prices Solved – Concerted Manipulation
For discussion of income distribution, please see What’s "Really" Behind Gross Inequalities In Income Distribution?
More here: Ukraine Floats the Hryvnia: It Sinks, As Expected, Down 45% Today; Carpetbaggers Take Over
Continue reading here: Head-Banging Revisited; Obama’s ‘Have-It-All’ Budget; Mish Proposal
Read More: Nestles Has First Ever Negative Interest Corporate Bond; Privilege of Lending Gone Mad
In a interview yesterday on Zeit Online, Greek finance minister Yanis Varoufakis admitted the obvious truth: "I’m the Finance Minister of a Bankrupt Country" . It took an amazing amount of time to admit the obvious truth, but the important point is the truth is finally on the table. Effectively, Greece finally admitted that it has no more funds to pay the bully
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Alexis Tsipras politely blasted the alleged German " generosity " in a letter to the German newspaper Handelsblatt. (See Alexis Tsipras "Open Letter" to German Citizens Regarding Extend-and-Pretend Unserviceable Debt ). I happen to agree with that letter in entirety, even though I strong disagree with other Syriza positions.
Link: Voter Sentiment in Spain Shifts Towards Podemos in Growing Numbers