By Chris at www.CapitalistExploits.at
Today we have something rather special to share.
It's a collection of some premium content from our Insider program, where I answer members' questions live over webinar. We cover all sorts of things, including:
Authored by Damir Kaletovic via OilPrice.com,
Sources have told Reuters that the Saudi drive to get OPEC on board with production cuts last year - threatening to quit the bloc if members disagreed - was in part meant to maximize Aramco’s valuation with higher oil prices ahead of its planned IPO.
An Aramco IPO changes everything for OPEC.
The dollar rally paused on Friday and looked poised to finish its best weekly gain of the year with a whimper, when in a repeat of the Thursday session the, Bloomberg dollar index first rose more than 0.1% during Asia hours before slumping around the European open as month and quarter-end flows came into play again.
Whether due to Yellen's renewed hawkish push and sudden optimism Trump's tax reform will pass, or - as SocGen suggested yesterday - Chinese FX policy driving both the USD and 10Y yields....
... the dollar has seen a dramatic rebound since the first week of September after hitting a 2017 low at the start of the month. But how much longer can this recent spike persist?
In ancient times, like as far back as the 1990s, housing prices grew roughly inline with inflation rates because they were generally set by supply and demand forces determined by a market where buyers mostly just bought houses so they could live in them. Back in those ancient days, a more practical group of world citizens saw their homes as a place to raise a family rather that just another asset class that should be day traded to satisfy their gambling habits.