As Fed credibility collapses in a pile of failed communications, Bloomberg notes that the $1.5 trillion market for U.S. Treasury bills, known as an oasis of stability for investors worldwide, is experiencing the most volatility since the financial crisis.
Since September's farcical Fed fold, T-Bill yields have seen a visibly notable increase in volatility - extra- and intra-day...
Submitted by Thad Beversdorf via FirstRebuttal.com,
Dear Stock Market,
I need you to pull your head out of your ass.
You are paying record valuations.
But in the face of the identical earnings deterioration we saw heading into the financial crisis.
The growth you are pricing in simply cannot be realized. Real incomes are the same level they were in 1990.
But the real S&P price level is 3x higher today.
Former presidential candidate Ron Paul has said that democracy in the U.S. is effectively dead, saying that having to choose between Trump and Clinton amounts to no real choice. Speaking on MCNBC’s “Morning Joe” show, Ron Paul said “This country, we do not really have democracy. I mean, even if we were really, really super happy with the Libertarian candidate, you think they’d get into the debates? No, the debates are run by the Republicans and Democrats“.
Russia have successfully completed a round of airstrikes in northern Syria by targeting oil tankers owned by ISIS, obliterating their financial resources. Newly released footage filmed by ISIS shows oil tankers left completely destroyed after being hit by Russian fighter jets in al-Mansurah, 20 km from Raqqa. Almasdarnews.com reports: ISIS, a notorious death cult known for its barbaric executions, is illegally trading with stolen Syrian and Iraqi oil to finance its bloodthirsty jihadists and purchase weapons. The destination of the destroyed tankers is still unknown.
For the 3rd week in a row, crude inventories saw a drawdown (API reports -3.56mm vs -3mm expectations) and so did Cushing (-1.3mm vs -900k exp) but crude is slipping as both Distillates and Gasoline saw unexpected builds. This is the first build in Distillates in 8 weeks.
API
First build in distillates in 8 weeks...