Wednesday , 18 September 2019

Finance

Something Just Snapped: Chaos Hits Repo Market As “Dollar Funding Storm” Makes Thunderous Landfall

Something Just Snapped: Chaos Hits Repo Market As “Dollar Funding Storm” Makes Thunderous Landfall Late last Friday, we warned that a “dollar funding storm” is set to make landfall in the US amid a series of converging sources of pressure that we said would result in “secured funding markets breaking higher”, among which: elevated UST supply, bloated dealer balance sheets ... Read More »

Trader: “Don’t Give Away Your Crude Gamma Too Cheaply”

Trader: “Don’t Give Away Your Crude Gamma Too Cheaply” Authored by Kevin Muir via The Macro Tourist blog, First of all, let me address the elephant in the room. I apologize for the lack of posts over the past few months. For the many who sent kind notes letting me know how much they enjoy the letter and hoping they ... Read More »

Unsound Money, Unsound Economy

Unsound Money, Unsound Economy Authored by George Ford Smith via The Mises Institute, Most people who have undertaken a formal study of economics end up accepting such things as the necessity of a central bank to prevent or at least ameliorate recessions. They take as a given the need for government intervention in the economy, or if not as a ... Read More »

China Slams Premature Blaming For Aramco Attack As US Hawks Argue “Military Action”

China Slams Premature Blaming For Aramco Attack As US Hawks Argue “Military Action” After Trump’s Sunday “Locked and Loaded” comment in response to the early Saturday precision strikes on Saudi Aramco facilities from an as yet unconfirmed entity (the Houthis claimed immediate responsibility, with the US-Saudi coalition now blaming Iran), China on Monday slammed Washington finger-pointing as premature and irresponsible, though ... Read More »

WTI Crude Soars Back To Overnight Highs

WTI Crude Soars Back To Overnight Highs Just when you thought it wasn’t as bad the headlines made it out to be, WTI crude futures have ramped all the way back to take out the kneejerk highs from Sunday night’s open… WTI is up over 15% and we noted that the term structure for Brent has adjusted higher all the ... Read More »

DOJ Accuses JPMorgan’s Precious Metals Trading Desk Of Being A Criminal Enterprise

DOJ Accuses JPMorgan’s Precious Metals Trading Desk Of Being A Criminal Enterprise Many readers wrote us off as conspiracy theorists when we reported on signs of manipulation in the precious metals market. But as it turns out, trading desks at some of the world’s largest banks were deeply involved in what the Department of Justice described as a “massive, multiyear ... Read More »

Kunstler: “Welcome To The World Where Things Don’t Add Up”

Kunstler: “Welcome To The World Where Things Don’t Add Up” Authored by James Howard Kunstler via Kunstler.com, A View From The Brink Welcome to the world where things don’t add up. For instance, some people did some things to the Saudi Arabian oil refinery at Abqaiq over the weekend. Like, sent over a salvo of cruise missiles and armed drone aircraft to ... Read More »

Trans Lobbying Group Pushes ‘Puberty-Blockers’ On Children As Young As 12

Trans Lobbying Group Pushes ‘Puberty-Blockers’ On Children As Young As 12 In the latest example of transgender community advocates offering advice to schools and parents that doctors and health officials warn could be harmful to children if followed, an NGO in the UK is facing a backlash for telling teachers that so-called ‘puberty blockers’ are harmless and should be given ... Read More »

Face It, We Are All Spoiled

Face It, We Are All Spoiled Authored by Jeffrey Tucker via The American Institute for Economic Research, We think of kids today as uniquely spoiled. Their phones, their cars, their lazy lives, their sense of entitlement, their endless whining for more.  It’s all true. But maybe that’s been continuously true for 1,000 years, from the time of the invention of ... Read More »

Shrieking Protesters Force Boris Johnson To Pull Out Of Luxembourg Press Conference

Shrieking Protesters Force Boris Johnson To Pull Out Of Luxembourg Press Conference This certainly doesn’t bode well for negotiations over a new Brexit withdrawal agreement – negotiations that Boris Johnson insists are making progress. UK Prime Minister Boris Johnson was forced to abandon a press conference with his his counterpart in Luxembourg because a crowd of “anti-Brexit protesters” were being ... Read More »