By EconMatters
We discuss where Oil is headed over the next six months and how producers might want to buy back their hedges before they start losing money big time above $54 a barrel. Producers could lose big on all those hedges they thought were their friend in the oil market!
https://www.youtube.com/watch?v=B7598iGcPEc
Former Goldman Sachs banker Steven Mnuchin has been confirmed as Donald Trump’s pick for Treasury Secretary. Mnuchin, a 53-year-old former Goldman Sachs Group Inc. banker turned Hollywood financier…..who was also a one time Soros employee who has no government experience, confirmed he had been tapped to serve as the President-elects Treasury Secretary. Is this a signal that Trump’s administration will be pro–Wall Street?…what happened about draining the swamp? The appointment of Mnuchin certainly signifies yet another shift from the President-elect’s major campaign promises.
President Putin To Grant PCR Russian Passport
Putin is keeping my ridicule of the Washington Post alive, but apparently the Kremlim is prepared to issue me a passport. As the current vice chairman of the Federal Reserve is an Israeli citizen and the former chairman of the Israeli central bank, I suppose I can have a second passport. Will have to look into this.
https://sputniknews.com/politics/201611301048019573-roberts-passport-wash-post/
https://sputniknews.com/russia/201611301048014895-citizenship-kremlin-us-secretary/
Did the politically-correct insanity just reach its tipping point? Just weeks after a notably politically-incorrect Donald Trump was swept to victory in the US election, HeatSt.com's Kieran Corcoran reports a university has pledged to end its culture of censorship and no-platforming, and has instead pledged to defend free speech.
And the funniest news of the day: this is who will monitor the deal to make sure everyone complies:
Update: It appears the short-squeeze ammo has run out...
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As the details of the OPEC 'deal' emerge during the press conference, WTI Crude prices have just burst through $49 stops (from 11/22 highs) and are up 9% on the day.
Headlines: