Wednesday, 27 June 2012

Wednesday 27th June

Tough times for energy stocks, good times for investors. Crude oil has been trading below $80 (U.S.) a barrel for the past three trading days, looking increasingly comfortable with the low side of the threshold and causing a great deal of pain to Canada’s oil patch. {}

Cheap oil won’t save the world’s economy

Dating crises
The cruelest month of the cruelest year {}

Where Does Money Come From? The Giant Federal Reserve Scam That Most Americans Do Not Understand {}

Houston, we have an overcapacity problem
86 pages of pure unadulterated oil porn focused on why we are not, contrary to popular belief, running out of oil.

Why (Almost) All of Us Cheat and Steal
Behavioral economist Dan Ariely talks about why everyone's willing to cheat a little, why you'll steal a staple from work but not petty cash and whether punishments for cheating actually work
'1% of people would never steal, another 1% would always try to steal, and the rest of us are honest as long as we’re not easily tempted.'

George Soros on the Euro Crisis
'A Tragic, Historical Mistake by the Germans'
With the EU summit set to start on Thursday, pressure is on European leaders to find a way out of the euro crisis. Investor George Soros is pessimistic that a solution will be found and says time is extremely short. In an interview with SPIEGEL ONLINE, he warns that Germany could develop into a hated, imperial power. {}

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