After posting the smallest possible rebound in the past week, moments ago Baker Hughes reported that in the holiday shortened week (in which there was some extrapolation) the decline in US oil rigs has resumed, and as of this moment there were only 372 oil rigs operating in the US, down 15 weekly and the biggest drop in the past moth, to the lowest number in recent history.

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A reader writes:

Submitted by John Mauldin via MauldinEconomics.com,

Last month I ran across a fascinating study by economist John Cochrane. He is a senior fellow at the Hoover Institution, former University of Chicago professor, and adjunct scholar with the Cato Institute. 

Cochrane wrote a paper on economic growth last year as part of a project to design presidential debate questions where he took a matter-of-fact approach to the growth problem. 

Syrian armed forces have entered Palmyra after fierce clashes with ISIS terrorists who have been controlling the ancient city since last year, state TV has announced. They said that government troops, backed by army air power, drove back ISIS militants and reached the heart of the city. The advance comes after the Syrian army and allied militia took control of several hills overlooking the city earlier this week. Press TV reports: Army forces have retaken control of Palmyra’s northern hotel district as well as the farms situated west of the city.

Now that over 48 hours have passed since two bomb explosions at Brussels' main airport and a downtown subway station killed at least 31 and injured hundreds more, there is enough information to piece together the complete chronology of these terrorist attacks.

Here, courtesy of the NYT, are the full details.