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By Irina Slav Oil demand has remained resilient in the face of a multitude of challenges. OPEC+ has fallen behind more than 3.5 million bpd on its output goals. The DoE has no immediate plans to start refilling the SPR. The risk of a supply shock grows as China’s economy re-opens while Russian oil is … Read more
by UniversalSurvivalist Your reminder that on Black Wednesday in 1992 a Tory government raised interest rates to 15% in a failed effort to shore up a crashing pound. When Soros cleaned up on Black Wednesday 30 years ago he was an outsider analysing government economic policy and exploiting what he saw. You can disapprove but that was … Read more
https://www.cnbc.com/italy-government-bonds/
by Boo_Randy The UK sheeple, like their Murican counterparts, are going to pay a terrible price for electing stooges of the oligarchy who gave the Keynesian fraudsters at the BoE free rein to carry out its reckless monetary malpractice. Now the chickens are coming home to roost, and things are going to get ugly. https://www.dailymail.co.uk/news/article-11249635/FTSE-100-share-price-falls-pound-against-dollar.html … Read more
Derivatives are explained so anyone can understand them. h/t Sole Survivor
by silvertomars https://www.ft.com/content/68105770-f158-4b44-a8c6-b026574e89e1 The borrowing costs of the UK are exploding… the UK 10y yield (purple) has almost caught up with Greece (red) and Italy (light green)… and if you can lose more than the entire annual yield overnight in a currency collapsing, who will come to rescue the UK…? Now mortgage providers pull deals … Read more
Mark Magarian on Palisades Gold Radio Mark Magarian returns to the show to discuss the markets and the fundamental outlook for gold. Timing is key in these markets. Mark discusses the importance of managing risk and considering the fundamentals of assets. Volatility isn’t necessarily the concern, but more importantly is their cash flow. Resource companies with … Read more
by Martin Armstrong Fed Chair Jerome Powell stated that the US housing market would “probably” go through a “correction” period. It is of no surprise as home prices were steadily rising from 2020 until recently after mortgage rates rose and many were simply priced out of the market. The supply chain shortages continue to present a problem … Read more
by Martin Armstrong Crime has been rampant across America over the last two years. The economic downturn hurt low-income communities the most, and some are turning to crime for quick money. The borders are open, and anyone can enter America from the south. Laws have been repealed to permit an assortment of crimes, sweetheart deals … Read more
by silvertomars They increased rates aggressively early on, front running inflation, whereas the West kept rates at zero and pretended inflation did not exist…
https://www.cnbc.com/quotes/US10Y https://www.cnbc.com/quotes/US10Y
by mark000 Scenario [Good]: We make it through Q4 with no market meltdown and global financial crisis. Scenario [Bad]: A major market crash & financial system crisis occurs, but like in 2008, the central banks and government contain it, economy recovers quickly. Scenario [Depression]: Economy doesn’t, Second Great Depression underway Scenario [Collapse]: The meltdown in … Read more
What leaves once, will not come again. While energy prices in Europe are going through the roof, they remain moderate in the USA. This will have serious consequences for energy-intensive industries. The Wall Street Journal (paid article) is already rubbing its hands together for the US economy. It is twice beneficial: high prices for LNG exports and … Read more
by Ed Driscoll HOW IT STARTED: Minneapolis City Council members intend to defund and dismantle the city’s police department. —CNN, June 8th, 2020. How it’s going: Once nicknamed ‘Murderapolis,’ the city that became the center of the ‘Defund the Police’ movement is grappling with heightened violent crime. —CNN, yesterday. Evergreen:
“The Canadian Armed Forces is sounding the alarm over a severe shortage of recruits to fill thousands of vacant positions, with the shortfall so bad that senior officers are now calling it a crisis.” https://globalnews.ca/news/9154586/canadian-military-shortage-of-recruits/?fbclid=IwAR0xyeIUCBJV6eS5FWwSsGmJF0RCALuurDYH7QuSHKn-gjYA8XM4rCh3Dp4
by confoundedinterest17 And I thought the Washington Commanders QB Carson Wentz getting sacked nine times in a game against his former team was bad! We start the week with another chapter of “The Worst Bond Bubble Burst Since 1949.” This time its the US Treasury 10yr-2yr yield curve inverted to its lowest level since 2000. Then … Read more
Italy Creates New Social Credit App To Reward Citizens For Virtuous Behavior Social credit apps, if poorly developed or used, can lead to serious limitations on, and violations of, citizens’ rights and freedoms, as well as discriminatory practices. Nevertheless, Italy has created a new social credit app to reward citizens for virtuous behavior. The “Smart Citizen … Read more
State also began mailing out absentee ballots to military voters, overseas voters and any person who has applied to receive an absentee ballot. With Congressional elections about a month and a half away, Virginians who want to cast their ballots early can begin doing so. Registered voters can cast their early ballots in person at … Read more
