Financial
2017 Will Be The Year Of Inflation
With crude oil prices up over 50% YoY (the most in 6 years), and retail gas prices up over 10% YoY (the most in 5 years), Bloomberg’s Garfield Reynolds suggests the Saudis have sealed it […]
Crude
Wealth Abuse
Citi: “We Have A Problem”
by Tyler Durden In his latest must read presentation, Citigroup’s Matt King continues to expose and mock the increasing helplessness and cluelessness of central bankers, something this website has done since 2009 knowing full well […]
Wealth Abuse
Last Bubble Standing
by Tyler Durden EM debt bubble… emaciated, FX Carry… crucified, Crude…crushed, High yield bonds… burst, Chinese equities… blown, Trannies… trounced, Small Caps… slammed, Biotechs… busted, and FANGs finally FUBAR! But there is one big (very […]
World Affairs
“Let Them Fly There Now”: Putin Threatens To Shoot Down Turkish Jets In Syria, Calls Erdogan An Ass Kisser
Submitted by Tyler Durden It’s been nearly a month since Turkey shot down a Russian Su-24 in what not only represented the most serious escalation to date in Syria’s five year conflict but also marked […]
World Affairs
Caught On Tape: Russian Air Force Destroys Dozens Of ISIS Oil Trucks
by Tyler Durden Earlier today we revisited Islamic State’s most important revenue stream: crude oil. When US attack planes destroyed 116 ISIS oil trucks on November 16 (allegedly after dropping leaflets warning “innocent” drivers to […]
World Affairs
Something Very Strange Is Taking Place Off The Coast Of Galveston, TX
by Tyler Durden Having exposed the world yesterday to the 2-mile long line of tankers-full’o’crude heading from Iraq to the US, several weeks after reporting that China has run out of oil storage space we […]
Wealth Abuse
The Biggest Threat To Oil Prices: 2-Mile Long Stretch Of Iraq Oil Tankers Headed For The U.S.
by Tyler Durden After some initial excitement, November has seen crude oil prices collapse back towards cycle lows amid demand doubts (e.g. sllumping China oil imports, overflowing Chinese oil capacity, plunging China Industrial Production) and […]
Commentary
Gold Warns Again
Submitted by Jeffrey Snider via Alhambra Investment Partners [17], With all the problems right now beyond Greece and China, from Canada’s “puzzling” recession [18] to Brazil’s unfolding disaster, and even the still-“shocking” [19] US economic […]