It may not have seemed possible, but Venezuela has managed to further torpedo its economy over the course of a single week as the government’s ham-fisted monetary policies wreak havoc. With the country battling shortages, debt, rapid inflation, and economic collapse, the government has become increasingly disconnected from reality. The latest example came on Tuesday when Interior Minister Nestor Reverol announced that the government was removing its 100 bolivar notes from circulation. While similar efforts have recently occurred elsewhere – such as in India – the fact that Caracas only gave the populace a 72-hour notice was shocking.
The case against Ms. Lagarde centered on Bernard Tapie, a former entertainer and owner of Adidas who had previously been jailed on corruption charges. Mr. Tapie accused the lender Crédit Lyonnais, in which the French state had a stake at the time, of cheating him when it oversaw the sale of his share in the sportswear empire in 1993. Years of costly legal battles ensued.
The Biggest Boom To Hit The Dow (Tiffany D.)
This spending creates huge economic growth because buying a house means business for bankers, neighborhood hardware stores, home-goods retailers, contractors and so many other businesses. And this spending keeps going through the upgrading of homes or selling the first house to buy a newer, bigger one.
Now, the reason that I’m so confident that I can tell you that the Dow is going up to 50,000 and beyond is because of two things.
Over the weekend, probably while sitting in traffic behind the wheel of an autonomous Tesla, Musk tweeted: “Traffic is driving me nuts. Am going to build a tunnel boring machine and just start digging.” An hour later, probably while still sitting in traffic, giving him plenty of time to think of a witty pun, he declared: “It shall be called ‘The Boring Company.’ Boring, it’s what we do.”
U.S. Shale Gas Industry: Countdown To Disaster (reflector)
As we can see in the table above, Chesapeake Energy is completely in the RED as it pertains to free cash flow or real profits since 2006. This is quite an amazing accomplishment from the second largest natural gas producer in the country. You would think, being BIG would guarantee profits. I gather someone forgot to tell Chesapeake’s management the important financial tidbit called, “Economies of scale.”
There’s plenty of money in food. It’s just not getting to the farmers. Vermont’s dairy industry, for example, is dominated by two well-known corporate giants: Ben & Jerry’s and Cabot Creamery. Last year, Ben & Jerry’s grossed around $600 million and Cabot and its parent, Agri-Mark, grossed nearly a billion dollars. Both have bragged in financial reports about how well they’re doing, with increased executive pay and all kinds of bells and whistles for the office set. Ben & Jerry’s makes so much money that they have a foundation to give some of it away.
Gold & Silver
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