Forget the February 5 VIX eruption: there is another critical shift that is taking place right now, and which matters far more to the US and global economy and capital markets. According to Citigroup, the most important transformation at the start of 2018, has little to do with the move in volatility, which is merely…

Retail Apocalypse Accelerates: 200 Winn-Dixie Stores To Close As Parent Goes Bankrupt

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After shutting down more than 5,000 stores in 2017, store-closings are accelerating in 2018 with news that Bi-Lo LLC, the supermarket company that owns the Winn-Dixie chain, is preparing for a potential bankruptcy filing as soon as next month, and is planning to shut almost 200 stores as part of the move – either before or after…

Crude’s pullback appears done for now, with gasoline set to spur prices higher: Tom Kloza

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Oil bounced this week, climbing back to around $61 on Friday after a recent selloff took it to its weakest levels since December. That rebound has one veteran energy analyst keeping an eye on a few developments that could keep oil afloat. Tom Kloza, the head of global energy analysis for the Oil Price … The…

Loan Shark Nation: Forcing Our Kids To Choose Between Student Loans And Everything Else

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Authored by John Rubino via DollarCollapse.com, It’s mid-winter, which means millions of high school seniors are winding up their childhoods and planning for what comes next. For many this next stage is college. But in yet another example of how we baby boomers have rigged the system in our favor at the expense of pretty…

Mike Smyth: What are the odds of an oil spill? Depends who does the math

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But it’s the fear of a much larger spill of heavy crude oil into our marine environment that’s driving the anti-pipeline fight that now pits B.C. and Alberta in a nasty trade war. The $7.4-billion Kinder Morgan pipeline expansion would pump heavy crude oil — in the form of diluted bitumen — from Alberta’s … The…

Former CIA Chief Admits US Meddling In Foreign Elections “For Their Own Good”

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Former CIA chief James Woolsey appeared on Fox News to push the narrative of how dastardly ‘dem Russkies’ are in their meddling with the sacred soul of America’s democracy. Woolsey did his patriotic deep-state-duty and proclaimed the evils of “expansionist Russia” and dropped ‘facts’ like “Russia has a larger cyber-army than its standing army,” before…

Consumers hit hard as fuel prices reach Sh110 a litre amid global surge

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Prices of crude oil are expected to go up in the course of this year, a trend that will be mirrored locally with fuel prices expected to further go with super petrol surpassing Sh110 per litre in Nairobi. It will be higher in towns that are far flung from Mombasa, such as Mandera and Lokichogio…

As Bitcoin Nears $11,000, Here’s A History Of Its Biggest Ups And Downs

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The cryptocurrency rebound off Feb 5th’s bloodbath lows (below $6,000 for Bitcoin) has been impressive, as a ‘mysterious’ massive buyer ‘bought the dip’ and momentum took care of the rest. With Bitcoin now nearing $11,000 (almost a double off the lows), CoinTelegraph details, this is just the latest down-and-up in the roller-coaster ride that cryptocurrencies…