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Oil to sink to $100

Oil at $100? That's certainly my call and I'll stick to it. So far my call of oil peaking at $150 is holding.( We'll see for how long). On July 9th, after oil's first pullback to $138 I said:Yesterday, oil fell the most in one day since…

Outlook for Spain: Recession

The well-deserved euphoria over the European Championship in football has brought welcome relief to Spanish consumers, weighed down by a slow economy. However, global economies have not decoupled from the U.S. slowdown. European economies…

Spain: Next Stop – recession

Spain is perhaps the next domino in the global credit bubble to fall. The UK economy is slowing as well, but the pace of slowing in Spain is truly remarkable.According to Spanish-language news reports I have seen today (see Round-up),…

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