When last week we showed how much the average health insurance premium proposal would rise in a 14 select states...
... but one state was missing: Texas, which is the health-care law's third-largest market behind Florida and California. We now may have found the reason why.
While June rate-hike odds slide, July's conditional probability of a hike is surging to 48% - its highest since the end of QE3 following Dallas Fed's Robert Kaplan's comments that "rates this low can cause distortions," adding that the US economy is "getting to the point where it makes sense to hike rates."
Submitted by Mike Krieger via Liberty Blitzkrieg blog,
When you first go on duty at CIA headquarters, you raise your hand and swear an oath — not to government, not to the agency, not to secrecy. You swear an oath to the Constitution. So there’s this friction, this emerging contest between the obligations and values that the government asks you to uphold, and the actual activities that you’re asked to participate in.
With banks eager to scrub the pervasive FX rigging and manipulation which has been one of the scandals plaguing the banking sector over the past two years, numerous lowly traders had been thrown under the legal bus as the traditional scapegoats meant to deflect attention from company insiders and senior management, many of whom were well aware of the illegal practices taking place. Increasingly more however, refuse to accept this fate.
Following last night's surprise build of 2.35mm barrels reported by API (against expectations of a 2.5mm draw), DOE reported inventory draws across the board. While the headline crude draw of 1.36mm barrels was below expectations of -2.5mm, it was considerably lower than API. Cushing saw a bigger than expected draw of 704k and both gasoline and distillates draws were bigger than expected. This is the seventh week in a row of Distillate draws. Crude production fell for the 19th week in a row to its lowest since Sept 2014.