Category: Finance

In previewing Friday’s nonfarm payrolls report, Goldman trader Matthew Fleury writes that “the market wants not too hot not too cold to keep this bid. Strong enough to say the world isn’t going into recession. Not too strong to send US10s back to 3.25% on the day. Not too cold to highlight US data deteriorating… Continue reading June Payrolls Preview: Big Data Hints At A Huge Negative Surprise

Authored by Irina Slav via OilPrice.com, In theory, the concept that has recently been taken up by the G7 of putting a price cap on Russian oil makes a lot of sense. In practice, however, putting a price cap on Russian crude will be extremely difficult and potentially very counterproductive. It seems the most effective… Continue reading One More Time… Here’s Why Putting A Price Cap On Russian Oil Won’t Work

Two days ago, Germany’s second-largest town of Hamburg told residents to prepare for hot-water rationing during certain times of the day due to “an acute gas shortage.” Now, Germany’s largest landlord has warned tenants that when the heating season starts in autumn, they will only be able to turn their heat up to 17C (62.6F)… Continue reading Germany’s Largest Landlord To Restrict Heating At Night

Authored by Charles Hugh Smith via DailyReckoning.com, Our economy is in a crisis that’s been brewing for decades… The Chinese characters for the English word crisis are famously – and incorrectly – translated as danger and opportunity. The more accurate translation is precarious plus critical juncture or inflection point. Beneath its surface stability, our economy is precarious because the… Continue reading The Landfill Economy | ZeroHedge

US equity futures trade flat, recovering from an earlier loss as big as 0.6% and set for a 2% gain on the week, as investors awaited the June payrolls data (full preview here) to gauge whether the world’s largest economy will avoid a recession. At the same time, the yen and dollar both found haven… Continue reading US Futures Steady Ahead Of US Jobs Data

With Indonesia’s preparation for the 17th G20 Heads of State and Government Summit now in full swing, a series of bilateral meetings were held this week ahead of the November summit in Bali. Foreign ministers attended in person, leading to some tense moments given Russia’s representation, after President Vladimir Putin has recently confirmed that he’ll participate in November,… Continue reading Lavrov Storms Out Of G20 Foreign Ministers Meeting Over “Fevered Criticism Of Russia”

Authored by Lance Roberts via RealInvestmentAdvice.com, The “Fear Of Missing Out,” or “F.O.M.O.” is a centuries-old behavioral trait that began to get studied in 1996 by marketing strategist Dr. Dan Herman. “Fear of missing out (FOMO) is the feeling of apprehension that one is either not in the know or missing out on information, events, experiences, or life decisions… Continue reading Fear Of Missing Out? Wall Street & Retail Hang On

 Release the hawks… good news is bad news once again. All that hope for an imminent recession and the consequent easing and QE is dashed by a better than expected payrolls print and stocks and bonds are being pummeled for it… As a reminder, on 6 of the last 7 payrolls days, the S&P has… Continue reading Stocks & Bonds Puked After ‘Good News’ Jobs Data

Authored by Paul Joseph Watson via Summit News, The United Nations was forced to delete a weird ‘satirical’ article which celebrated the ‘benefits’ of world hunger after an online backlash. Originally published in 2008, the article, titled ‘The Benefits of World Hunger’, was recently reposted to the UN’s Chronicle magazine. “We sometimes talk about hunger… Continue reading UN Deletes Weird ‘Satirical’ Article Celebrating Benefits Of World Hunger After Backlash

In today’s edition of ‘everything they accused the Trumps of being,’ the Washington Free Beacon reports that the Biden administration sold roughly 1 million barrels from the Strategic Petroleum Reserve to a Chinese state-controlled gas giant which Hunter Biden had a stake in as recently as 2015. As Hannah Nightingale of The Post Millennial writes:… Continue reading Biden Sold 1 Million Barrels From Strategic Petroleum Reserve To Chinese Firm Hunter Invested In