As discussed yesterday in “Buyers Balk At Russian Oil Purchases Despite Record Discounts, Sanction Carve Outs” the bevy of Russian sanctions have had the unintended consequence of also freezing Russian oil exports – despite explicit carve outs in terms set by Western nations – as buyers balk and boycott Russian crude sales amid fears that… Continue reading 70% Of Russian Crude Trade Is Frozen As Surgut Again Fails To Sell Any Urals In Big Tenders
Category: Finance
Greg Abbott To Face Beto O’Rourke In Texas Governor Race After Primary Wins
Authored by Isabel van Brugen via The Epoch Times, Republican Texas Gov. Greg Abbott will face Democratic former Congressman Beto O’Rourke in the November general election for governor after the pair won their respective primaries. Abbott, who received endorsement from former President Donald Trump and Texas Attorney General Ken Paxton, easily won his party’s nomination for governor,… Continue reading Greg Abbott To Face Beto O’Rourke In Texas Governor Race After Primary Wins
“He’s Terrified Of Being Sanctioned”
Update (1320ET): Confirming what was leaked earlier, Chelsea Football Club has issued a statement from Roman Abramovich: I would like to address the speculation in media over the past few days in relation to my ownership of Chelsea FC. As I have stated before, I have always taken decisions with the Club’s best interest at… Continue reading “He’s Terrified Of Being Sanctioned”
EU Plans To Send Fighter Jets To Ukraine Fall Apart
Authored by Dave DeCamp via AntiWar.com, An EU plan to send fighter jets to Ukraine appears to be falling apart as each country that was reportedly going to deliver the planes is now denying involvement. The plan announced Monday by EU foreign policy chief Josep Borrel was meant to give Ukraine old Russian-made MiG-29 and Su-24… Continue reading EU Plans To Send Fighter Jets To Ukraine Fall Apart
“Don’t Get Too Excited” – Bill Gross Warns Investors That Surging Inflation Will Topple Stocks
Bill Gross has been retired for a few years at this point, and sometimes, it seems almost as if people forget who he once was. Once known as Wall Street’s “notorious” bond king, Gross was credited with many great plays and plenty of terrible ones as well. But the same investor who once warned that… Continue reading “Don’t Get Too Excited” – Bill Gross Warns Investors That Surging Inflation Will Topple Stocks
Beige Book Finds Spending Slowed, Inflation Rose In March As Shortages Increased
With Powell telling Congress that a 25 bps rate hike in two weeks is in the bag, moments ago the latest Fed Beige Book validated the cheerful economic outlook, noting that based on information collected before February 18, 2022, US economy activity expanded at “a modest to moderate pace since mid-January.” Of course, all this… Continue reading Beige Book Finds Spending Slowed, Inflation Rose In March As Shortages Increased
Lavrov Says Third World War Would Be “Nuclear” & “Destructive”
Authored by Paul Joseph Watson via Summit News, Russian Foreign Minister Sergei Lavrov said today that if a third World War were to take place, it would be “nuclear” and “destructive.” Lavrov made the comments after an escalation in tensions following Russia’s invasion of Ukraine that led to Moscow putting its nuclear forces on high… Continue reading Lavrov Says Third World War Would Be “Nuclear” & “Destructive”
China Won’t Join Russia Sanctions, Banking Regulator Warns
After urging ceasefire talks between Ukraine and Russia, China on Wednesday announced that it would not join the West in imposing sanctions on Russia. Guo Shuqing The announcement was made by China’s banking and insurance regulator Guo Shuqing during a press briefing on Wednesday. “Everyone is watching recent military conflict, or war, between Russia and… Continue reading China Won’t Join Russia Sanctions, Banking Regulator Warns
Bear Market Strategies – Are You Ready?
Authored by Michael Lebowitz via RealInvestmentAdvice.com, The Federal Reserve and federal government have showered massive liquidity on the economy and markets to combat the pandemic. Their medicine worked. Economic activity rebounded quickly. Stocks and other assets soared in price, and in many cases, valuations now mirror those from 1999 and 1929. Fiscal spending is normalizing… Continue reading Bear Market Strategies – Are You Ready?
US Postpones ICBM Test To Avoid Escalating Tensions With Moscow
During a briefing on Wednesday afternoon, Pentagon spokesperson John Kirby told reporters that the scheduled test launch of a Minuteman III intercontinental ballistic missile (ICBM) had been postponed to show restraint. “In an effort to demonstrate that we have no intention in engaging in any actions that can be misunderstood or misconstrued, the Secretary of… Continue reading US Postpones ICBM Test To Avoid Escalating Tensions With Moscow