Indeed, the flu season is shaping up to a bad one. Health officials are comparing it to the nasty flu season two winters ago, and this one may prove to be worse. Hospitalization rates in people 65 and older are higher than they were at the same point in the 2012-2013 season, according to CDC data.
Nationally, nearly 4-in-10 private sector workers — 39 percent — do not have access to any sick leave at all. Zero. Zilch. None. According to Betsey Stevenson of the White House Council of Economic Advisers, that amounts to 43.5 million workers who may be compelled by financial reasons to come into the office when they’re sniffling, sneezing, barfing, and generally feeling under the weather, making the rest of us ill in the process.
The Swiss franc has been straining at the leash to run higher for some time as a traditional ‘harder currency’ and a flight to safety. The Swiss Bank sought to restrain this trend in order to help the Swiss export trade which is a large part of their GDP.
Gold also has been restrained for some time by several of the Western central banks.
That the QE madness ended with the decapitation of the price of oil seems only fitting. Our economies need oil the way people – and animals – need water. If its price falls the way it has, that’s a sure sign something is profoundly amiss. At this point, we don’t yet know the half of it. It’ll take time for price discovery to work its way through, and for people to recognize what things are really worth. For now there’s really only one that’s certain: everything is overvalued, including you.
Rick Rule, founder and chairman of Sprott Global Resource Investments Ltd., began his career in the securities business in 1974. He is a leading American retail broker specializing in mining, energy, water utilities, forest products and agriculture. His company has built a national reputation on taking advantage of global opportunities in the oil and gas, mining, alternative energy, agriculture, forestry and water industries.
In an analysis published in 2009, Therramus pointed out that Black Monday fell into a broader pattern in which nearly every stock market crash and recession of the preceding 50 years had occurred shortly after a large and abrupt change in the price of oil. In the case of the 1987 Dow crash, it was foreshadowed by a tumble in oil price that ensued in the wake of disputes within OPEC – which had come to a head in the previous year.
EV Sales Continue Despite Low Oil Prices (Evan K.)
In the present article, I explain why falling oil prices didn’t affect Tesla or EV sales last year and why, up to a point, they are not likely to do so in the future. Following my latest contribution to Seeking Alpha, in the context of global warming and climate change, one of the causes of the current oil price downfall might be a diminution of demand for major petroleum derivatives (i.e. gasoline and diesel) due to a process of electrification in the global automotive industry. To the extent that falling prices are meant to be a structural phenomenon, they shouldn’t result in a substantial market rebound in the form of a decrease of EV sales. One way to verify my reasoning would be to find no strong positive statistical correlation between oil prices and Tesla or EV sales in general.
In what follows, I test this hypothesis in turn for Tesla, the U.S. EV market and the world EV market.
With the continued heating of the atmosphere and the surface of the ocean, 1998 is now being surpassed every four or five years, with 2014 being the first time that has happened in a year featuring no real El Niño pattern. Gavin A. Schmidt, head of NASA’s Goddard Institute for Space Studies in Manhattan, said the next time a strong El Niño occurs, it is likely to blow away all temperature records.
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