Sled Dogs Cheer Global Warming
Ain't life grand?
"The winters keep getting warmer. The racers keep getting faster.
When Dallas Seavey and his team of sled dogs arrived in this remote old gold rush town on the Bering Sea shortly after 2 a.m. on Tuesday, Seavey celebrated his fourth victory in just five years in the nearly 1,000-mile sprint across the Alaska wilderness that the world knows as the Iditarod dog sled race. At eight days, 11 hours, 20 minutes and 16 seconds, it was the fastest time in Iditarod history — and the second time Seavey set a course record on his way to victory."
LA Times, March 2016
New Stock Market Crash Inevitable - A Special Report by Wim Grommen
New Stock Market Crash Inevitable
Every production phase or society or other human invention goes through a so-called transformation process. Transitions are social transformation processes that cover at least one generation. In this article I will use one such transition to demonstrate the position of our present civilization and that a new stock market crash is inevitable.
Iowa Farmers Heading for Cleaners
No Repeat of Farm Crisis
Still, this downturn is unlike the 1980s farm crisis, say Northey and others.
Iowa farmers and investors purchased land with healthy down payments, limiting how much they're leveraged, experts say. And interest rates are significantly lower.
Farmers in the 1980s were paying rates as high as 20 percent, Northey said.
"We still have solid demand," he said. "We've just had some big production years — back to back."
US Shale Producer Faces Biggest $10 Billion Bankruptcy
"The writing has been on the wall for quite a while now," said Kevin Kaiser, an analyst at research firm Hedgeye. Kaiser recommended in 2013 that investors short Linn.
"The company took on way too much debt, primarily in an effort to make distributions to its equity holders that it could never afford."
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Buddy, what's your "Cash Break-Even"?
"Many have already used lifelines like distressed debt exchanges and hired restructuring advisers, so absent that fast rise in WTI, some defaults will be inevitable. We estimate about $40 billion of additional outstanding energy bond debt will likely default this year."
ZERO HEDGE
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