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By Tsvetana Paraskova The world’s fourth-largest oilfield services provider, Weatherford International, said that it had started a financial restructuring by filing for Chapter 11 bankruptcy protection in the U.S. in a bid to reduce its long-term debt of more than US$7 billion. Weatherford also expects to file for bankruptcy protection in Ireland and Bermuda in the coming … Read more
By Rystad Energy Natural gas prices in Europe have plummeted thanks to a rising gas export war between Russia and the US, much to the delight of European consumers. European natural gas prices are at a historical low and below the cost of shipping gas from the US to Europe. In May, prices remained just … Read more
By The Phoenix Yesterday’s market action was a MAJOR wake up call. Stocks erupted 1.5% higher on announcements that the US/ China reached some form of a trade deal… However, the rally barely lasted, giving up most of its gains by mid-day. It was only through a desperate end of the session manipulation (red box … Read more
By The Phoenix Yesterday’s market action was a MAJOR wake up call. Stocks erupted 1.5% higher on announcements that the US/ China reached some form of a trade deal… However, the rally barely lasted, giving up most of its gains by mid-day. It was only through a desperate end of the session manipulation (red box … Read more
Japan produces about 90% of fluorinated polyimide and about 70% of etching gas worldwide, Japanese media have said. It produces around 90% of photoresists, according to a government report Looks like they are using the same tactic that trump is using against China lmfao. https://www.reuters.com/article/us-southkorea-japan-laborers-factbox/factbox-the-high-tech-materials-at-the-heart-of-a-japan-south-korea-row-idUSKCN1TX12I h/t WallStreetMeme
The short interest has gone from 53% of market volume to only 25% (as of two weeks ago, likely lower now). Imo the short squeeze is over unless $BYND taps into $180-185. To be either short OR long on this company right now is completely speculative. When the market isn’t pricing a security correctly … Read more
via coindesk: After issuing comments and reports heavily critical of cryptocurrencies over the last few years, Agustin Carstens, chief of the Bank for International Settlements (BIS), has acknowledged that central banks will likely soon need to issue their own digital currencies. Speaking to the Financial Times on Sunday, Carstens said that BIS – which acts like a central bank for … Read more
h/t birkswithsocks
By: Frank E. Holmes, Chairman/CEO/CIO of U.S. Global Investors, Inc., Strengths The best performing metal for the week was platinum, which gained 3.02 percent. Both platinum and palladium seem to be playing catch up to gold’s strong move last week. Gold extended its rally this week, pushing past $1,400 an ounce and fueling investors to … Read more
via mises: A softer increase in the personal consumption price index (PCEPI) adjusted for food and energy has likely prompted Fed policy makers to hint about a cut in the policy interest rate in the months ahead. The yearly growth of the PCEPI adjusted for food and energy, or the core PCEPI stood at 1.6% in … Read more
by SP Found an article by James Wesley Rawles at The SurvivalBlog.com addressing the question of which is best for the Post-SHTF world, a Remote Rural Retreat versus a Small Town. — Quoting JWR Dear Jim: I found an interesting article that argues against a remote, rural retreat for an urbanite. He reasons: 1. local kids with time on their hands … Read more
ZH reports: Vice President Mike Pence has been called back to the White House on Tuesday because of an undisclosed “emergency,” NBC 10 Boston reports. Pence had been scheduled to land in Manchester, NH, to give a talk at the Granite Recovery Center in Salem, NH on the opioid crisis. But around 11:25 am today (Tuesday, July … Read more
by Martin Armstrong The Global Warming conspiracy is going to seriously harm the European economy. The political intolerance for the combustion engine has German engine suppliers in a crisis. It appears that there is certainly no more money being invested in any technology to do with the combustion engine. That also means that the unemployment … Read more
Their milkshakes should bring the cops to their yard.
BY SRSROCCO The United States became a net oil exporter for the first time in 75 years, or so they say. While the U.S. may indeed be exporting more petroleum than it imports from time to time, there’s a dirty little secret behind the data. And one of those secrets that seem to be overlooked … Read more
By Cat Ellis Have you noticed that there seems to be another major food recall every week or so? With the recent food recall over E. coli in three different brands of flour, the one over frozen berries with hepatitis, and the one over beef during a holiday weekend, lots of people are asking why there are so … Read more
Justin Trudeau has been ignored by President Donald Trump and other world leaders when at the G20 Summit in the past. Yesterday, he was ignored in a spectacular fashion by Brazil’s new president Jiar Bolsonaro. In this video, social coach Barron Cruz analyzes what happens and gives suggestions on how to best deal with being … Read more
READ MORE HERE: https://www.judicialwatch.org/press-room/press-releases/judicial-watch-sues-cia-for-inspector-generals-report-on-mena-arkansas-airport-drug-arms-smuggling-allegations/ h/t duFontaine.
The surface of the sun is normally a roiling, super-heated hellscape. But Nasa images have revealed that the face of our star is looking ominously calm right now, prompting claims it’s reached a stage of its cycle called the solar minimum. During the minimum, there are significantly fewer sunspots and its magnetic field weakens, allowing … Read more
by WARREN MOSLER Been working its way lower and into contraction ever since the collapse in oil capital expenditures late in 2015, like a slow motion train wreck: There’s been a history of getting a spike up before the collapse: Companies are warning that earnings results are going to be brutal KEY POINTS With earnings … Read more