Don Ames Reporting
“A new survey says 40 percent of American households are showing signs of financial stress. And, five years after the recession, many are still struggling with tight credit, debt and retirement issues.
The Federal Reserve survey shows a typical American household cannot raise $400 without borrowing money or selling possessions.”
2) Europe’s Greater Depression is worse than the 1930s
3) Why Natural Gas Prices Collapsed
4) USA LNG Won’t Save F*d Europe
“The natural-gas liquefaction process is extremely energy intensive. That means that huge amounts of energy (from natural gas) will have to be expended to compress and liquefy the export gas. In effect, to export 5.7 Tcf of LNG, more than 1.9 Tcf of natural gas will have to be consumed in the LNG liquefaction process. So 7.6 Tcf of U.S. natural gas production will have to be budgeted to provide Europe with the 5.7 Tcf needed.”
5) Worldwide Smartphone Shipments Edge Past 300 Million Units in the Second Quarter; Android and iOS Devices Account for 96% of the Global Market, According to IDC