10/10/2016

On the Trump Tax Issue, Warren Buffett is Full of Crap

by John Galt October 10, 2016 20:55 ET Today the financial propaganda infomercial media, aka, CNBC, published the following story: Warren Buffett fires back at Donald Trump’s comments about his taxes In the story linked above the Orifice of Omaha stated the following: “I have paid federal income tax every year since 1944, when I was 13. (Though, being a slow starter, I owed only $7 in tax that year.) I have copies of all 72 of my returns and none uses a carryforward,” Buffett said in a statement. So let’s…


Despite Saudi and Russian Bluff, Oil Supply is Still Overwhelming Price

by John Galt October 10, 2016 19:45 ET Despite the recent recovery in oil prices back above $50 per bbl (Brent chart courtesy of NetDania): The problem however is that oil supply is not reflected by the price. The latest results from the International Energy Agency (IEA) through the 2nd quarter of this year shows little if any evidence of a draw down in supply: Then tonight this fascinating story tonight from the UK Express: Something very odd is being hidden in the middle of the Atlantic ocean and Gulf of…


%d bloggers like this: