Business

There are two simple words, according to Grant Williams, which, when uttered in the ears of the high priests (and priestesses) at The Fed, equates you to 'Simple Jack' and worthy of no attention...

"Business Cycle"

Zero. None. Nada... that is how many Tech IPOs there has been in 2016 - the worst start to a year in recent record.  Indeed, January marked the first month since September 2011 without an IPO of any kind, according to Renaissance Capital, manager of IPO-focused funds.

By EconMatters

A choppy day in the oil market with a very tight pit trading range. API will set the tone for Thursday`s EIA Inventory report, API is out tomorrow night after the pit close.

https://www.youtube.com/watch?v=GOMFNCz8ecI

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For the longest time, it was "the most hated rally ever" and, as even the Davos crowd has now admitted, with good reason: it was all central bank manipulation and intervention, both of which are about to lose all potency forcing even the billionaires to admit that "the trade now is to hold as much cash as possible." As the WSJ summarized three weeks ago, the billionaires' "mood here was irritated, bordering on affronted, with what they say has been central-bank intervention that has gone on too long."

Submitted by Dex Dunford via OilPrice.com,

Already reeling from low prices, officials with Mexico’s state-run Pemex are also fighting an ever intensifying battle against pipeline theft as organized crime tries to gain a foothold in the country’s newly reformed energy sector.

From loosely organized groups of locals to feared drug cartels, those who believe there is a significant amount of illicit profit to be made here are coming out of the woodwork—and for starters they are eyeing pipelines.