http://ilene.typepad.com/wheels_on_fire/ Blog for Elliott and me, named after a song. en-US Wed, 22 Feb 2012 00:00:00 -0800 http://www.typepad.com/ http://www.rssboard.org/rss-specification http://feedproxy.google.com/~r/typepad/MVgM/~3/SwMzopTqMxI/crude-oil-vs-iran-who-blinks-first.html http://ilene.typepad.com/wheels_on_fire/2012/02/crude-oil-vs-iran-who-blinks-first.html Courtesy of www.econmatters.com. By EconMatters Oil futures spiked more than 2% in one day to their highest level in nine months on Tuesday Feb. 21. WTI front month contract closed at $105.84, while Brent ended at $121.66 on ICE, primarily on investors fear of potential conflict over the escalating tensions...<img src="http://feeds.feedburner.com/~r/typepad/MVgM/~4/SwMzopTqMxI" height="1" width="1"/> Immediately available to public Phil's Favorites Ilene Wed, 22 Feb 2012 00:00:00 -0800 http://ilene.typepad.com/wheels_on_fire/2012/02/crude-oil-vs-iran-who-blinks-first.html http://feedproxy.google.com/~r/typepad/MVgM/~3/poCWXrPNRr4/when-risk-is-disconnected-from-consequence-the-system-itself-is-at-risk.html http://ilene.typepad.com/wheels_on_fire/2012/02/when-risk-is-disconnected-from-consequence-the-system-itself-is-at-risk.html Courtesy of Charles Hugh Smith from Of Two Minds When Risk Is Disconnected From Consequence, the System Itself Is at Risk If we understand risk cannot be eliminated, it can only be transferred, then we will understand why the current financial trickery in Europe and elsewhere is doomed to fail....<img src="http://feeds.feedburner.com/~r/typepad/MVgM/~4/poCWXrPNRr4" height="1" width="1"/> Immediately available to public Phil's Favorites Ilene Wed, 22 Feb 2012 00:00:00 -0800 http://ilene.typepad.com/wheels_on_fire/2012/02/when-risk-is-disconnected-from-consequence-the-system-itself-is-at-risk.html http://feedproxy.google.com/~r/typepad/MVgM/~3/SpUPrOgxBV8/gas-price-spike-creates-unexpected-winners.html http://ilene.typepad.com/wheels_on_fire/2012/02/gas-price-spike-creates-unexpected-winners.html By MERRILL GOOZNER, The Fiscal Times The latest spike in gas prices due to heightening tensions in the Middle East is having the expected effect: Consumption is falling. Consumers are taking fewer trips, substituting other ways of getting from here to there, and switching to more fuel efficient vehicles. Gasoline...<img src="http://feeds.feedburner.com/~r/typepad/MVgM/~4/SpUPrOgxBV8" height="1" width="1"/> Phil's Favorites Uncategorized Ilene Wed, 22 Feb 2012 00:00:00 -0800 http://ilene.typepad.com/wheels_on_fire/2012/02/gas-price-spike-creates-unexpected-winners.html http://feedproxy.google.com/~r/typepad/MVgM/~3/XbsigIQ8ot0/jim-bianco-explains-what-money-printing-technically-is.html http://ilene.typepad.com/wheels_on_fire/2012/02/jim-bianco-explains-what-money-printing-technically-is.html Submitted by Mark Hanna Courtesy of MarketMontage. View original post here. Pretty good explanation here by Jim Bianco on what the term "money printing" is and what the Federal Reserve does when this term is used. "The ability of the Fed to increase the amount of money in banks' reserve...<img src="http://feeds.feedburner.com/~r/typepad/MVgM/~4/XbsigIQ8ot0" height="1" width="1"/> Immediately available to public Phil's Favorites Ilene Wed, 22 Feb 2012 00:00:00 -0800 http://ilene.typepad.com/wheels_on_fire/2012/02/jim-bianco-explains-what-money-printing-technically-is.html http://feedproxy.google.com/~r/typepad/MVgM/~3/cGiDUgFKVKg/david-rosenberg-on-taxation-shock-syndrome.html http://ilene.typepad.com/wheels_on_fire/2012/02/david-rosenberg-on-taxation-shock-syndrome.html Courtesy of ZeroHedge. View original post here. Submitted by Tyler Durden. While nothing is more certain than death and taxes (and central bank largesse), David Rosenberg of Gluskin Sheff uncovers The Unlucky Seven major tax-related uncertainties facing households and businesses that will likely lead to multiple compression in markets (rather...<img src="http://feeds.feedburner.com/~r/typepad/MVgM/~4/cGiDUgFKVKg" height="1" width="1"/> Immediately available to public Phil's Favorites Ilene Wed, 22 Feb 2012 00:00:00 -0800 http://ilene.typepad.com/wheels_on_fire/2012/02/david-rosenberg-on-taxation-shock-syndrome.html http://feedproxy.google.com/~r/typepad/MVgM/~3/tM6daVuISRQ/prions-point-to-a-new-style-of-evolution.html http://ilene.typepad.com/wheels_on_fire/2012/02/prions-point-to-a-new-style-of-evolution.html This is interesting, on prions (remember mad cow disease?). THE rogue proteins behind variant CJD, the human form of mad cow disease, have revealed their benign side. Prions, it seems, lie at the heart of a newly discovered form of near-instant evolution that provides life with a third way to...<img src="http://feeds.feedburner.com/~r/typepad/MVgM/~4/tM6daVuISRQ" height="1" width="1"/> Phil's Favorites Uncategorized Ilene Tue, 21 Feb 2012 00:00:00 -0800 http://ilene.typepad.com/wheels_on_fire/2012/02/prions-point-to-a-new-style-of-evolution.html http://feedproxy.google.com/~r/typepad/MVgM/~3/UnbVpyeSdSg/meaningless-greek-deal-supposedly-reached-deal-won-t-hold.html http://ilene.typepad.com/wheels_on_fire/2012/02/meaningless-greek-deal-supposedly-reached-deal-won-t-hold.html Courtesy of Mish Reuters reports Deal reached on second Greek bailout package Euro zone finance ministers struck a deal early on Tuesday for a second bailout program for Greece that will involve financing of 130 billion euros and aims to cut Greece's debts to 121 percent of GDP by 2020,...<img src="http://feeds.feedburner.com/~r/typepad/MVgM/~4/UnbVpyeSdSg" height="1" width="1"/> Phil's Favorites Uncategorized Ilene Tue, 21 Feb 2012 00:00:00 -0800 http://ilene.typepad.com/wheels_on_fire/2012/02/meaningless-greek-deal-supposedly-reached-deal-won-t-hold.html http://feedproxy.google.com/~r/typepad/MVgM/~3/6yCmD112Q7w/natural-gas-will-the-recent-rally-change-the-bear-course.html http://ilene.typepad.com/wheels_on_fire/2012/02/natural-gas-will-the-recent-rally-change-the-bear-course.html Courtesy of www.econmatters.com. By EconMatters A two-day 10.7% rally helped natural-gas futures to a three-week high of $2.684 per mmbtu on Friday Feb. 17, partly sparked by more-than-expected supplies decline, Encana (ECA) shutting in production, and traders' short-covering. U.S. natural gas futures just recently plunged to a 10-year low in...<img src="http://feeds.feedburner.com/~r/typepad/MVgM/~4/6yCmD112Q7w" height="1" width="1"/> Immediately available to public Phil's Favorites Ilene Tue, 21 Feb 2012 00:00:00 -0800 http://ilene.typepad.com/wheels_on_fire/2012/02/natural-gas-will-the-recent-rally-change-the-bear-course.html http://feedproxy.google.com/~r/typepad/MVgM/~3/txq8WiWLQl4/the-torture-of-the-european-periphery.html http://ilene.typepad.com/wheels_on_fire/2012/02/the-torture-of-the-european-periphery.html Courtesy of The Automatic Earth Lewis Wickes Hine Breaker Boys January 1911 South Pittston, Pa. "Breaker boys working in Ewen Breaker of Pennsylvania Coal Co." The President of the European Central Bank, Mario Draghi, looks more and more like the bad guy from the B-rated horror movie series Saw with...<img src="http://feeds.feedburner.com/~r/typepad/MVgM/~4/txq8WiWLQl4" height="1" width="1"/> Phil's Favorites Uncategorized Ilene Tue, 21 Feb 2012 00:00:00 -0800 http://ilene.typepad.com/wheels_on_fire/2012/02/the-torture-of-the-european-periphery.html http://feedproxy.google.com/~r/typepad/MVgM/~3/ugIt7ymYFyM/halftime-in-america-more-like-sudden-death.html http://ilene.typepad.com/wheels_on_fire/2012/02/halftime-in-america-more-like-sudden-death.html By Paul B. Farrell, MarketWatch SAN LUIS OBISPO, Calif. (MarketWatch) — Halftime in America, Clint Eastwood calls it. Halftime? No folks, the game’s in overtime for Wall Street, the Super Rich and their “mutant capitalism,” as Jack Bogle calls America’s out-of-whack economic system in his “Battle for the Soul of...<img src="http://feeds.feedburner.com/~r/typepad/MVgM/~4/ugIt7ymYFyM" height="1" width="1"/> Phil's Favorites Uncategorized Ilene Tue, 21 Feb 2012 00:00:00 -0800 http://ilene.typepad.com/wheels_on_fire/2012/02/halftime-in-america-more-like-sudden-death.html