Submitted by Michael McDonald via OilPrice.com,
For most retail investors, buying physical crude oil as a commodity is not an option. Instead, many investors turn to exchange traded notes (ETNs) as a way to speculate on changes in oil prices themselves.
Continuing his anti-establishment bent, in his latest letter "Red is the new black", Bill Gross first exposes the "current global establishment’s (including Trump’s) overall plan" consisting of 8 simple steps to "solve the global debt crisis" (yes, the sarcasm is oozing), at which point he goes on to say that "it pays to not fight the tiger until it becomes obvious that another plan will by necessity replace it" and adds "that time is not now, but growing populism and the increasing ineffectiveness of monetary policy suggest an eventual transition."
Following today's tweet and follow up suggesting that Trump is now targeting Boeing's contract pricing practices, questions emerged whether the President-elect wasn't engaging in a conflict of interest due to his numerous, existing shareholdings. However, according to Trump spokesman Jason Miller, Donald Trump sold all of his stockholdings in June, removing himself from positions in numerous U.S. companies.
The Pentagon's goal was simple, empower the Defense Business Board (DBB), a federal advisory panel of corporate executives, to retain consultants to identify potential cost savings in the Department of Defense's $580 billion budget. But, when the DBB study revealed a "clear path to saving over $125 billion," a level of waste which spoke to the egregious mismanagement and incompetence of DoD leaders, it was clear something had to be done to bury the story. Now, according to the Washington Post, that is exactly what happened.
Via The Daily Bell
House Pushes Ahead with $611 Billion Defense Policy Bill … The Republican-led House is pushing ahead with a $611 billion defense policy bill that prohibits closing the prison at Guantanamo Bay, Cuba, forbids the Pentagon from trimming the number of military bases and awards U.S. troops their largest pay raise in six years. -Business Insider