I've read a lot of drivel the past few weeks about the $NYT and how their burgeoning online digital ad business was booming -- mostly by disaffected leftards who have somehow tethered themselves to the old gray lady in an effort to defy Trump.
Why? You're fucking stupid.
By the SRSrocco Report,
The carnage continues in the U.S. major oil industry as they sink further and further in the RED. The top three U.S. oil companies, whose profits were once the envy of the energy sector, are now forced to borrow money to pay dividends or capital expenditures. The financial situation at ExxonMobil, Chevron and ConocoPhillips has become so dreadful, their total long-term debt surged 25% in just the past year.
With the December monthly TIC data due out this week, bond traders will be closely watching if the selling of US Treasuries by foreign accounts, and especially central banks, which as we have repeatedly shown for the past several months has hit record levels...
... will persist, with a focus on whether China's near record selling of US paper will persist.
However, this time the surprise may not be China, but its nemesis across the East China Sea, Japan.
Bloomberg is out with a fictional piece this evening -- asserting that creditors are selling treasuries because of Trump.
(adjusts microphone)
WRONG!
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Submitted by Nick Cunningham via OilPrice.com,
Despite the near record increase in U.S. oil inventories last week – an increase of 13.8 million barrels – oil prices traded up on February 8 and 9 as traders pinned their hopes on a surprise drawdown in gasoline stocks, which provided some evidence of stronger-than-expected demand.