Thursday, June 12, 2014

I need two 6 month vacations twice a year

Some very important news in the last 24 hours:
  • With the seizure of Mosul and Tikrit by insurgents in Iraq, the global recovery is threatened with possibility of $130 oil (Telegraph)
  • Alert: Rapidly deteriorating security situation in Iraq. Baghdad now the target of ISIS (Washington Post, The Economist)
  • Kurds seize Kirkut (World Bulletin)
  • Excellent editorial on the recent economic boom in the U.K. with falling wage growth and poor productivity which has leaders baffled (Telegraph)
  • Google plans entrance into power market (Market Watch)
  • China's hording of oil seen keeping price above $100 (Bloomberg)
  • Cantor to resign on July 31st. Market expecting debt limit "gridlock." (Bloomberg)
    • Interesting facts on his opponent, David Brat (Zero Hedge