Business

Submitted by Shant Movsesian and Rajan Dhall MSTA of fxdailyterminal.com

Authored by Nick Cunningham via OilPrice.com,

The pressure on shale drillers to throttle back on their aggressive drilling continues to crop up in new places, and there are growing signs that the Permian is slowing down.

Shale companies spent just $5 billion on land deals in West Texas in the last six months, a fraction of the $35 billion spent in the prior nine-month period, according to the Houston Chronicle, citing Wood Mackenzie data.

Bitcoin continues to march back towards its record highs, breaking back above $4600 for the first time since September 8th.

So what will it take for the digital currency to get back to record highs above $5000 and beyond?

Forbes' Panos Mourdoukoutas offers several possible catalysts...

It's that time in the quarter again: 3Q earnings season begins this week with Wall Street consensus expecting S&P 500 EPS growth of just 5% (3% ex-Energy), a sharp drop from the last two quarters (Q1 was+14% and Q2 +11%).

Submitted by John Mauldin of Mauldin Economics

Uncle Sam’s Unfunded Promises

Here’s a surprisingly profound question: What is a promise? Dictionaries offer various definitions. I like this one: “An express assurance on which expectation is to be based.”