Yesterday we showed something strange: while oil prices have rebounded from multi-year recent lows, gasoline prices have not only rebounded but have done so with a vengeance, sending retail gasoline at the pump is now back to levels last seen just over a year ago, even as WTI (and Brent) is materially lower. As we concluded, "gas prices are unchanged while oil prices are 25% lower."
As we explain in our book Splitting Pennies - the world is not as we think! Every day, our money is worth less and less, and markets become more cumbersome, regulated, and overall disfunctional (except for an elite group of billionaires that can front run orders due to advanced computer-aided execution because of 'order types'). We explained in an article about America's Big Red Forex Button, now we need to elaborate on the 'nuclear option' - considering that leading generals are saying more and more that war with Russia is 'plausible' if not 'likely'.
Submitted by Lance Roberts via RealInvestmentAdvice.com,
Earnings: Everyone Gets A Trophy
The ongoing process of the “wussifcation of America” has now spread from Main Street to Wall Street.
When I was growing up, we played sports. Coaches yelled at us, when we got hurt we were told to “rub some dirt on it” and “walk it off.” When we won a game we were cheered by our parents and coaches, when we lost we were disappointed.
Guess what? We got over it.
Can Russia Survive Washington’s Attack?
Paul Craig Roberts
Meanwhile, over at The Week, I’ve been offering Hillary Clinton some free campaign advice in a series of columns.
In the first column, which you can read here, I focus on the need for Clinton to redefine herself yet again: