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DEC 20, 2014 - Zero Hedge

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A Funny Thing Happened To Oil Prices When Nixon Killed The Gold Standard

For the past 150 years, crude oil prices have varied between around $10 per barrel and around $120 per barrel. For many decades, oil prices were relatively "stable" but a funny thing happened in the early 70s and everything changed - whether coincidental or causative the linkages between the oil crisis and Nixon's Gold-Standard-busting of Bretton Woods are clear in ...

Tags: A Funny Thing Happened To Oil Prices When Nixon Killed The Gold Standard,  Iraq Latest News

DEC 20, 2014 - Zero Hedge

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Defiant North Korea Says Can Prove It Is Not Behind Hack "Without Resorting To Torture Like The CIA"

Just hours after the FBI announced that, with absolute certainty, it had determined that North Korea was behind the Sony hack, a "theory" that has become the butt of global jokes, we learned, in a far less prominent release, that according to an internal inquiry, FBI evidence if "often mishandled." According to the NYT, "F.B.I. agents in every region of ...

Tags: Defiant North Korea Says Can Prove It Is Not Behind Hack "Without Resorting To Torture Like The CIA",  Iraq Latest News

DEC 19, 2014 - Zero Hedge

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The Interview Is "Desperately Unfunny", "Will Flop" If Not Cancelled According To Leaked Sony Emails

The conspiracy theories surrounding the story of The Interview's cancellation in the aftermath of the North Korean "hacking" just keep getting stranger by the day. First, as we previously reported, at the same time as the NYT reported that according to the US the hack "undisputedly" originated in North Korea, Wired magazine released an article explaining why it is impossible ...

Tags: The Interview Is "Desperately Unfunny", "Will Flop" If Not Cancelled According To Leaked Sony Emails,  Iraq Latest News

DEC 18, 2014 - Zero Hedge

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Cheap Oil: Too Much Of A Good Thing?

Submitted by Jay Bajpai, The 40% drop in oil prices over the past 6 months has garnered a lot of attention recently, most of it focused on the economic stimulus lower oil prices should provide the global economy, the impact on currency and fixed-income markets and the increase in economic pain suffered by exporters such as Iran and Russia. In ...

Tags: Cheap Oil: Too Much Of A Good Thing?,  Iraq Latest News

DEC 18, 2014 - Zero Hedge

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ObamaCar: Automobile Insurance Subsidized Hope Act

    Normal 0 false false false EN-US X-NONE X-NONE MicrosoftInternetExplorer4 Normal 0 false false false EN-US X-NONE X-NONE MicrosoftInternetExplorer4 I want to thank the American people for their patience and resolve during this trying time for our nation.  But we did not come here just to clean up crises.  We came here to build a future.  (Applause.)  So tonight, ...

Tags: ObamaCar: Automobile Insurance Subsidized Hope Act,  Iraq Latest News