The New Financial Iron Curtain: Taxes, Capital Controls, & The War On Your Wealth

One Reason This Energy Shock Is Not Like The One 15-Years Ago Arend Kapteyn, the global head of economics and strategy research and chief economist at UBS, told clients that one key reason the current Middle East conflict-driven energy shock "is not like 2011-2014" will be the absence of a comparable response from the shale patch, suggesting consumers are more likely to bear the brunt of the pain.  Kapteyn noted that, on an inflation-adjusted basis, oil prices in 2011-2014 were actually higher than they are today, yet the U.S. economy absorbed that...

Powerful 7.5-Magnitude Quake Hits Northern Japan, Triggers Tsunami Warnings A powerful and shallow 7.5-magnitude earthquake struck off Japan's northeast coast, triggering a tsunami at Kuji Port in Iwate Prefecture. Public broadcaster NHK initially warned that a tsunami up to 10 feet high was expected to hit the Iwate area on Honshu's main island. However, so far, it has been reported to be about 31 inches high. The quake was reported shortly before 17:00 local time, rattled towers as far away as Tokyo, and forced the suspension of Shinkansen high-speed rail services in...

President Donald Trump announced the US and Iran may resume talks in Pakistan in the next two days. Islamabad is attempting to broker an agreement between Washington and Tehran to end the war in the Middle East.  On Tuesday, Trump told The New York Post that talks with Iran “could be happening over next two […]