OIL MARKET: The backwardation in the European diesel market is monstrously large. And getting worse.

OIL MARKET: The backwardation in the European diesel market is monstrously large. And getting worse. The chart is 2nd-to-3rd month gas-oil futures spread, approaching the all-time high set earlier this month when spreads blew-up. All points to an extremely tight market | #OOTT pic.twitter.com/UVO9jJmZBS — Javier Blas (@JavierBlas) March 23, 2022 🇪🇺🇺🇸 Great @ecb heatmap … Read more

10y breakevens above 3% for the first time ever. Congratulations Fed…you got the fire lit. Probably time to stop squirting lighter fluid.

10y breakevens above 3% for the first time ever. Congratulations Fed…you got the fire lit. Probably time to stop squirting lighter fluid. pic.twitter.com/0aTBhJY0mB — Michael Ashton (@inflation_guy) March 24, 2022 The S&P’s equity risk premium, or the spread of forward earnings yield to 10-yr Treasury yields, “has shifted rapidly from a healthy ‘buyable dip’” to … Read more

We have the worst government at exactly the worst time.

How can this be possible? https://t.co/ntEiD2d03u — Planet Ponzi (@PlanetPonzi) March 24, 2022 World leaders including U.S. President Joe Biden meet at NATO headquarters, kicking off a trio of emergency summits in Brussels to discuss Russia's war in Ukraine. Live updates: https://t.co/Xgv5CRLagi pic.twitter.com/DkOKcxzlwR — The Associated Press (@AP) March 24, 2022 Another European parliamentarian scorches … Read more

FED’S KASHKARI: INFLATION IS VERY HIGH

KASHKARI: INFLATION IS VERY HIGH — *Walter Bloomberg (@DeItaone) March 24, 2022 This is gold 😂 pic.twitter.com/FXWKl5RzXS — Tarric Brooker aka Avid Commentator 🇦🇺 (@AvidCommentator) March 24, 2022 https://twitter.com/Ben__Rickert/status/1506830358498922496 Mr. Incompetent and his friends. Inflation version. pic.twitter.com/846i1pdu0D — MAZE (@mazemoore) March 24, 2022 FED'S EVANS: WE WANT TO BE CAREFUL || MAYBE A 50 BPS … Read more

EU approves creation of European military force

by Chris Black The EU has approved a common defense strategy that involves the creation of a 5,000-strong deployment force – the so-called “Strategic Compass” plan – for the first time in the bloc’s history. Latvian FM Edgars Rinkēvičs said the initiative provides a “necessary toolbox for the EU to become a real geopolitical defense … Read more

Vote Harder Next Time Bro

by Chris Black You can’t even get a Republican Governor to ban trannies in women’s sports…in Indiana! I know what the solution is. Vote Republican harder next time! GOP Indiana governor vetoes transgender girls sports ban Establishment GOP buckles again https://t.co/Y5BuGzuFj7 — Jack Posobiec (@JackPosobiec) March 22, 2022 Many Republicans (such as the Governor of … Read more

If You Go to the Gym You’re Literally Hitler

by Chris Black The dysgenic system sycophants of the modern West are big mad because the normal people they’ve pathologized are choosing to step back and focus on health, brotherhood, and family as the system collapses on itself. https://twitter.com/trey_bluleo70/status/1506741482992160781 Our enemies need villains. They need to believe they are the Avengers starring in their own … Read more

Peak Weimerica

by Chris Black Biden’s Supreme Court nominee is literally a pedophilia enabling black woman with an IQ of 10 degrees below room temperature. BREAKING: Jackson says she gave pedophiles lighter sentences bc its different when they use computers vs mail to get volumes of child porn This makes ‘total sense’ according to Jackson pic.twitter.com/I1bMFDj2RO — … Read more

Achieving Third World Status? We’re There Dude!

by Chris Black It’s true. This country is quietly transitioning from “decline” to “full blown fucking collapse”. The Air Force is having to reverse engineer parts of its own stealth bomber:https://t.co/08YGe7jnK2 — Tyler Rogoway (@Aviation_Intel) March 1, 2021 Diversity hires, affirmative action, anti-white racism, this is the end result. China will rule the world in … Read more

Russia is Way Ahead in Weapons Technology

by Chris Black American military analysts admit the US has no technology capable of intercepting new hypersonic missiles that Russia has developed. These missiles are nuke capable, by the way. https://twitter.com/ZiadMurica/status/1506698536359976961 'Impossible to intercept': This is Russia's new deadly weapon https://t.co/0vCMl5SR2v via @YouTube — Ronnie Cromer (@Ronnie_Cromer) March 23, 2022 It’s suddenly dawning on the … Read more

DTCC Alert! Is anyone else curious about the DTCC’s Sponsored Repo program allows cash to move from cash providers to investment funds/dealers in a manner that both reduces balance sheet costs and counterparty risk?

by Dismal-Jellyfish Source DTCC Announcement So I am was covering the additions to the Standing Repo Facility this morning and in the process came across the source links above about the DTCC’s Sponsored Repo facility. tl:dr it appears traditional repo is balance sheet intensive. Sponsored Repo via DTCC, not so much? The Sponsored service offers the following benefits to Sponsoring … Read more

*EPIC* Trudeau owned by Croatian EU MP to his face

PM Trudeau, in recent months, under your quasi-liberal boot, Canada 🇨🇦 has become a symbol of civil rights violations. The methods we have witnessed may be liberal to you, but to many citizens around the🌎it seemed like a dictatorship of the worst kind. pic.twitter.com/FZuc6aDZ1I — Mislav Kolakusic MEP 🇭🇷🇪🇺 (@mislavkolakusic) March 23, 2022   h/t … Read more

Doug Casey: Stupidity, Evil and the Decline of the US

via International Man: It used to be that America was a country of free thinkers. “Say what you think, and think what you say.” That’s an expression you don’t hear much anymore. It’s much more like the world of 1984 where everything is “double think.” You need to think twice before you say something in public. You think … Read more

LA ANTI-HOMELESSNESS PROGRAM SPENDING THIS ABSURD AMOUNT PER PERSON, AUDIT REVEALS

Los Angeles has dedicated $1.2 billion to a new program fighting homelessness, but instead of maximizing the budget’s impact, the city is spending up to $837,000 per unit to house homeless people. An audit released by Los Angeles City Controller Ron Galperin shows that Proposition HHH, a ballot measure that issued a $1.2 billion bond to fight … Read more

NYC to drop mask mandate for kids in 10 days…

New York City's school mask mandate will end for children under the age of 5 on April 4 as long as Covid cases remain low, Mayor Eric Adams said. https://t.co/vUlyTY478I pic.twitter.com/ZxiSqFH0dL — The New York Times (@nytimes) March 23, 2022 April 4th is the target date.   h/t CFP

Stimmies are back!

https://twitter.com/SuperMugatu/status/1506749800179503110 With Americans still in shock over jaw-dropping, rising gas prices, a few proposals have floated around Congress and elsewhere about offering some relief to drivers. Los Angeles on Tuesday became the first major city in the U.S. to reach an average gas price of $6 or more. That’s according to fuel savings platform GasBuddy, … Read more