Business

For the 10th week in a row (14th in last 15), the US oil rig count declined (down 13 to 400) to its lowest since Dec 2009. For now oil prices are undecided as while efficiency trumps the actual decline, the fact that the rig count is dropping so fast suggests production may come under pressure sooner rather than later.

• *U.S. OIL RIG COUNT DOWN 13 TO 400, BAKER HUGHES SAYS

As the rig count tracks lagged oil prices perfectly...

Oil is unsure how to react for now...

Submitted by Michael Snyder via The Economic Collapse blog,

Barack Obama recently stated that anyone that is claiming that America’s economy is in decline is “peddling fiction“.  Well, if the economy is in such great shape, why are major retailers shutting down hundreds of stores all over the country?

Authored by Satyajit Das', author of the new book "The Age Of Stagnation" (via MarketWatch),

The mispricing of assets across world markets has reached epidemic proportions.

Stock prices have made strong advances over the past several years, yet market analysts see further gains, arguing that the selloffs of August 2015 and early 2016 represent a healthy correction.

Is the "2 and 20" model finally dying?

After not only underperforming the market by 7 years in a row, but generally disappointing even relative to benchmarks, the hedge fund industry started off 2016 with such a deplorable P&L whimper that has even eclipsed the first months of the financial crisis.

As we reported yesterday, the surprising catalyst which for some still unknown reason unleashed yesterday's torrid market rally and selloff in Treasurys, was the announcement by the US Treasury that it would reschedule yesterday's 7 Year auction due to "technical issues."

Moments ago this auction finally priced, this time without any drama, and what a difference 24 hours makes.

While yesterday the 7 Year was trading at about 1.43%, moments ago it priced at a yield of 1.568%...