The OPEC Meeting Could Send Oil Prices Crashing Below $10
By Cyril Widdershoven The current optimism of analysts and the media that an end to the ongoing OPEC+ oil price spat is near is entirely unjustified. The ongoing oil market … Read more
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VIRUS COULD BREAK UP EU…
BERLIN —The coronavirus pandemic, with its simultaneous health and economic crises, is deepening fault lines within Europe in a way some leaders fear could prove to be a final reckoning. … Read more
Asia (China) Could Become The Next Financial Black Hole In The Global Economy
The World Bank many not have a deep enough piggy bank to back the extended risks of an Asian economic contraction… by Chris Vermeulen of The Technical Traders Thinking somewhat far off into … Read more
Google COVID-19 Community Mobility Reports – Could provide a real time proxy for some economic activity
What’s a Community Mobility Report? Each Community Mobility Report is broken down by location and displays the change in visits to places like grocery stores and parks. We’re working to … Read more
$5 Crude Could Put Canada’s Oil Sands Out Of Business
By Tsvetana Paraskova Over the last few weeks, the higher breakeven costs for oil and the lack of sufficient takeaway capacity has come back to haunt Canada’s oil patch. Two months … Read more
BofA: Brace For the ‘Deepest Recession on Record,’… NYT: the Global Recession Could Last a Long Time
Brace for the ‘deepest recession on record,’ says BofA analysts, as jobless claims surge to 6.6 million BofA economists forecast that the unemployment rate will soon hit 15.6% from 3.5% … Read more
You Could’ve Just Stopped At “the FBI Can’t Be Trusted.”
The FBI Can’t Be Trusted With the Surveillance of Americans: An inspector general report finds that the bureau has been systematically unscrupulous. For years, we civil libertarians were told that our concerns … Read more
Oil could be in the process of bottoming.
Two extremes. Energy high-yield credit spreads just reached record levels while WTI prices are at 18-year lows. Previous divergences marked major turns in oil. Oil could be in the process … Read more
$22 Trillion U.S. Economy Could Fall To Just Above $12 Trillion. 30% Of The Labor Force Will Be Gone If America Follows The Hubei Scenario.
by UPFINA Restaurants are in complete turmoil because they are places were people gather together. Gathering together is against CDC guidelines (until April 30th) so most have had to close. On … Read more
Department of Labor sources telling me we could be looking at 50-70 million unemployed Americans by end of April. Rent strike idea gaining steam…
Fed seems to suggest this too t.co/ggpXug3UKv — Jordan Schachtel (@JordanSchachtel) March 30, 2020 FED: Third of Americans will be unemployed… KEY POINTS The coronavirus economic freeze could cost 47 … Read more
Snowden says COVID-19 will give governments invasive new data-collection powers that could last long after the pandemic
Edward Snowden said in an interview on Monday that increased surveillance amid the coronavirus outbreak could lead to long-lasting erosion of civil liberties. Specifically, he theorized that states might demand … Read more
Whistleblowers silenced by China could have stopped global coronavirus spread. Will China EVER be held accountable?
Mid-November in Wuhan, China, and cases of a strange new flu start surfacing. In a sprawling city of 11 million people, the coronavirus, our invisible brutal enemy was born – … Read more
Russia’s Plan To Bankrupt U.S. Shale Could Send Oil To $60
By Irina Slav As soon as U.S. shale leaves the market, prices will rebound and could reach $60 a barrel, Rosneft’s Igor Sechin said recently. As fate would have it, … Read more
Oil Prices Could Fall Another 20%
By CityAM Brent crude was down four percent Friday afternoon at $27.50 per barrel. US crude was five percent lower at $21.47 per barrel. Prices were on track for their … Read more
Postal Service will not survive the summer Lawmakers warn it could go bankrupt
via miamiherald The U.S. Postal Service could be in jeopardy as the coronavirus spreads, lawmakers say. Rep. Carolyn B. Maloney and Rep. Gerry Connolly said in a statement that the Postal … Read more