Despite $33 trillion in "stimulus" and 520 interest rate cuts, the global economy is slowing
[CNBS: Oct. 2nd, 2014]
The massively wasted "stimulus" bypassed the economy and went straight into offshore bank accounts.
Clearly, we need to plunder the grandchildren for more "growth"...
What is oil telling us? Too much supply? Too little demand?
Clearly fracking is amplifying short-term "supply" aka. production. Here again, is this conflation of current production with long-term supply, which is even more evident in this fracking disaster. Short-term output has been massively amplified by the fracking boom and yet the replacement new well rate for this short-term fracked oil is wholly unsustainable. Today's output is not an indication of long-term supply.
Regardless, the fracking boom is merely a diversion from what is happening to demand. The emerging markets are the marginal drivers of demand:
Emerging Market Stocks (red) with Oil (black)
The decline in oil price is taking a serious toll on conventional oil production...
Transocean (RIG):
The amoral psychopaths who've been tasked with maintaining the status quo, amid global turmoil, Ebola, and the already collapsing pseudo-economy, have their work cut out for them.
After all, there are only so many grandchildren to be plundered.
