Jun 09, 2014
In November, six world powers, reached an interim deal in regards to Iran’s nuclear program. They agreed to reach a long term deal by July 20. Interim deal did little to slow down Iran’s nuclear program, and a permanent plan unlikely by July.
May 29, 2014
In April the Fed announced a fourth $10 billion reduction to its Quantitative Easing (QE) program, reducing its monthly bond purchases to $45 billion and keeping pace to end the program by December.
May 07, 2014
U.S. GDP expanded in the first quarter of 2014 by only 0.1 percent. Yellen said it was “because of cold weather.” Critic Michael Pento predicted QEs 1,2, and 3 would not work, and the Fed will go to QE 4 and 5.
Apr 30, 2014
Energy XXI Bermuda Ltd. (EXXI) is a fairly unknown independent oil company which has been acquiring mature oil fields and other independents in the Gulf of Mexico. It has been using 3D seismic, horizontal drilling and economies of scale to grow.
Apr 08, 2014
Israeli Prime Minister Menachem Begin enunciated what came to be known as the Begin doctrine: “On no account shall we permit an enemy to develop weapons of mass destruction against the people of Israel.”
Apr 04, 2014
Iran and six world powers continue talks in Vienna with regard to Iran’s nuclear program April 8-9. On the eve of nuclear talks, sources in Moscow and Tehran report Russia and Iran plan to barter 500,000 barrels of Iranian oil per day.
Mar 31, 2014
Federal Reserve Chairwoman Janet Yellen speaking at a conference in Chicago, highlighted “considerable slack” in the economy and labor market. She said the Fed is committed to keeping interest rates low for a long time.
Mar 19, 2014
Gold and equities market sold off slightly after Fed Chair Janet Yellen stated asset purchases would decline by $10 billion a month in April and the FMOC would probably begin a slow increase in interest rates in May, 2015.
Mar 14, 2014
Russian military forces are massing near Ukraine’s eastern boarders, increasing fears Moscow is planning a larger military incursion into the Former soviet republic.
Mar 12, 2014
Putin says he was forced to use the Russian military to protect ethnic Russians in Crimea at risk from the new government in Kiev. He backs the Crimean recently appointed administration, which plans to hold a March 16 referendum to separate.