Month: September 2019

CEO confidence plunging and completely diverging from stocks. The most since GFC! CITI: “It may be that slower growth is the best we can hope for ..”

by

Absurdity to a whole new level. CEO confidence plunging and completely diverging from stocks. The most since GFC! Corporate leaders rapidly losing faith in the economy;Yield curve inversions out the wazoo;Debt imbalances everywhere; How can stocks be at record valuations? pic.twitter.com/jv8ud6kW55 — Otavio (Tavi) Costa (@TaviCosta) September 16, 2019 2. CITI: “It may be that … Read more

RAN says NO MORE TALKS!

by

JUST IN: Iran's supreme leader rules out talks with US at all levels https://t.co/K5aavtOtvB pic.twitter.com/d6U2XGybRH — The Hill (@thehill) September 17, 2019 Iran’s supreme leader on Tuesday reportedly ruled out any talks with the U.S. amid increased tensions between the two nations in the wake of crippling attacks at oil facilities in Saudi Arabia. “There … Read more

Dollar Funding Storm Just Made Landfall, Fed May Need To Restart QE Very Soon

by

from Zero Hedge Late last Friday, we warned that a “dollar funding storm” is set to make landfall in the US amid a series of converging sources of pressure that we said would result in “secured funding markets breaking higher”, among which: elevated UST supply, bloated dealer balance sheets and year-end regulatory constraints, and a banking … Read more

NYC says 1 million kids can skip school for ‘climate strike’!

by

via axios: School districts are debating what position to take after New York City announced that 1.1 million public school students could skip classes without penalties to join the global youth climate strikes Friday, the New York Times reports. Why it matters: Per the Times, this a test of the movement’s impact — by causing disruptions and getting noticed … Read more

Land Of Fakes To Tax The Rich In “Gimme” Land

by

by TraderStef via CrushTheStreet (connect with TraderStef via Twitter or at TraderStef’s website) “Remember, democracy never lasts long. It soon wastes, exhausts, and murders itself. There never was a democracy yet that did not commit suicide.” – John Adams   The United States is not a democracy; it is a constitutional republic. The political and history illiterate are attempting to shove the mob … Read more

BREXIT: The power of surrender

by

by John Ward It may be time for the Brexit debate to be dumped in favour of more important plans to stop the drift towards a technocratic European Reich. In this first of a Slog two-parter, we examine the real history of multidimensional Brexit sabotage, the slim chances of Sovereign Brexit being achieved, and how the … Read more

Trump Says That The Military Response To The Attack On Saudi Arabia Will Be “Proportionate”

by

by Michael Snyder Trump administration officials are telling reporters and that there is no doubt that the attack on the oil production facilities in Saudi Arabia originated from Iranian soil, although Trump himself is being less dogmatic in his public statements.  It appears that Trump wants all of the evidence to come in before making … Read more

6 Of The Last 8 U.S. Recessions Were Preceded By Oil Price Spikes – Damage To Saudi Oil Industry Could Take “Months” To Repair

by

by Michael Snyder When the price of oil rises dramatically, that tends to be really bad for the U.S. economy.  Because we are so spread out and goods are transported over such vast distances, our economy is particularly vulnerable to oil price shocks, and that is one reason why the events that we just witnessed … Read more

Drama in the Oil Markets, But This Isn’t 2007 Anymore

by

Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter How the US shale boom changed the equation. If the attack on Saudi oil facilities had occurred in 2007, it would have caused chaos in the US economy. The attacks on Saudi Arabia’s largest oil-processing plant at Abqaiq and its second-largest oil field in Khurais on Saturday knocked out about 5.7 … Read more