Submitted by Tim Price via SovereignMan.com,
For the benefit of non-subscribers, there are two versions of the Financial Times newspaper. One of them is the hard copy edition, still printed on pink paper, an exact digital replica of which is available on the paper’s website to subscribers. The second is the website itself, at www.ft.com. The difference between the two is subtle, but crucial.
For months, the US and Russia have been busy wrangling over possible terms for a ceasefire in Syria.
Submitted by Howard Kunstler via Kunstler.com,
How reassuring is it to Hillary, exactly, that she won what amounted to a straw poll totaling less than 11,000 votes among the various Nevada hotel employees unions? You could tell from her pained, artificial smile at the victory podium that there is something booby prize-ish about that narrow triumph. And what was with the metallic red outfit that had her looking like a previously-owned Christmas tree ornament? Maybe her handlers put her in Kevlar for the occasion.
“The industrial environment is in a recession - I don’t care what anybody says,” Fastenal CFO Daniel Florness exclaimed in frustration back in October when William Blair analyst Ryan Merkel dared to suggest that the US economy wasn’t in fact in the doldrums on the company’s Q3 call.
WTI crude prices are up almost 6% this morning with April (the new front-month) trading above $33.50 - testing post-DOE plunge stops. The irony of the ramp is that it comes amid terrible global PMIs (demand), a report from IEA of oil staying in glut for longer than expected (supply), and warnings from Abu Dhabi's biggest bank that $20 oil is possible. Oh well, we are sure the algos know what they are doing... despite veterans of the 1980s oil glut warning it could take 7 to 10 years to emerge from the current slump.