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Shark-infested Equity Waters, Metals Manipulation and Energy Depletion

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Published on Apr 13, 2012

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Welcome to Capital Account. Just when you thought it was safe to get back in the water...US and European stock markets remained under pressure today, some eurozone government bonds once again came under intense pressure from investors. We ask if we're headed for 2008 style trouble...has the subprime mortgage crisis given way to the subprime sovereign debt crisis?

On that note, it's Friday the 13th again and we ask if the nightmare of risky, pre-crisis banking practices continues. In the murky, shark-infested waters we're talking about today, the London Whale is still making a splash as insiders report JP Morgan has transformed his department into a proprietary trading operation.

And crude oil fell for the first time in a few days as China's economic growth slowed and Saudi Arabia's oil minister said there's no shortage of supply and the kingdom is determined to see lower oil prices. Headlines have been focused on the day-to-day, but what about the bigger picture of exponential energy depletion? We will speak to our guest, Chris Martenson, about all of this on today's show.

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