In the wake of the jobs report, US Treasuries and gold, the two asset classes that have offered safety in recent years, faltered. Right or wrong, global markets were jolted by what's commonly called a "growth scare." How durable is such a scare?
Oil, natural gas, and alternatives dominate the headlines when it comes to energy. But there's a big and largely-overlooked revolution occurring with the energy source likely to become the most preferred fuel for a world in economic decline: coal.
Flood myths are common to human culture. Swollen rivers, tidal storms, and tsunamis make their appearance frequently in literature. But Hurricane Sandy has shifted the discussion from storytelling to reality.
In the new oil cycle, a debt crisis is no longer solvable with growth. Devaluation or jubilee are the only options. The loss to society will be borne most directly by those who hold sovereign debt as their savings. The time of containment is over.