The Real Reason For Oil’s Crazy Volatility This Week
The volatility in crude oil trading has reached the highest levels since Lehman’s systemic crisis in 2008. Intraday swings of 5-10% are now de rigeur with OPEC and geopolitical headlines…
Read moreSaudi Arabia “Ready To Send Ground Troops To Syria”
Last month, when Saudi Arabia announced it would be heading (that’s heading, not beheading) a 34-nation “anti-terror coalition”, everyone who knows anything at all about the Mid-East and about the…
Read moreA Preview Of This Weekend’s Event That Could Unleash A “Vicious Bear Market Rally”
As noted earlier today, BofA’s chief credit strategist Michael Hartnett is anything but bullish: in his own words, he remains a seller “into strength in coming weeks/months of risk assets…
Read moreSweden: Death By Immigration
Submitted by Ingrid Carlqvist via The Gatestone Institute, The atmosphere on Swedish social media is now almost revolutionary. People post videos of themselves accusing the government of murder, of filling…
Read more“HY Primary Markets Are All But Shut” – What Keeps BofA’s Junk Bond Analyst Up At Night
We’ve written quite a bit about US O&G producers’ dependence on capital markets to plug funding gaps. In short, the entire space is free cash flow negative, which means without…
Read moreCongress Wants To Turn The US Postal Service… Into A Bank
Submitted by Simon Black via SovereignMan.com, It’s news that seems ripped from the pages of The Onion. Or perhaps Atlas Shrugged. But incredibly enough it’s actually true: earlier this week,…
Read moreObama Proposes $10/Barrell Oil Tax To Fund Government Transportation Spending
“It’s a supply issue“, “No, it’s a demand issue” – when it comes to the cause for plunging oil prices, the two camps will surely never agree on just what…
Read more“The Worst Case Scenario Is Already A Reality”: Minnesota’s Mining Country Is “Melting”
There’s been no shortage of coverage both in these pages and elsewhere of the impact falling oil prices have had on the American and Canadian oil patches. Take Texas, for…
Read moreWorld’s Biggest Containership “Hard Aground” As Baltic Dry Crashes Below 300 For First Time Ever
Before this year the lowest level The Baltic Dry Index had reached was 556 in August of 1986 and the highest was in June 2008 at a stunning 11,612. Today…
Read moreBonds & Bullion Best As Dollar Crashes To 4-Month Lows
European bonds are collapsing… systemic risk is rising… US Services economy “pillar” plunges… and jobs data is dismal – stocks shrugged… [embedded content] The USD Index is down over 3%…
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