Authored by Mike Krieger via Liberty Blitzkrieg blog,
There is a true law, a right reason, conformable to nature, universal, unchangeable, eternal, whose commands urge us to duty, and whose prohibitions restrain us from evil. Whether it enjoins or forbids, the good respect its injunctions, and the wicked treat them with indifference. This law cannot be contradicted by any other law, and is not liable either to derogation or abrogation.
After Thursday's bizarre, widely publicized breakdown by Anthony Scaramucci, Trump had no choice: he had to pick either the former SkyBridge founder or his Chief of Staff, Reince "paranoid schizophrenic" Priebus.
Moments ago Trump made his decision - Priebus has been fired, replaced by retired four-star Marine general John Kelly, and current Homeland Security head, John Kelly who Trump frequently credits for dramatically reducing the number of undocumented immigrants coming into the U.S. from Mexico. He called Kelly "a true star" in a tweet announcing the appointment.
The New Russian Sanctions Bill Is Washington’s Monument To Its Criminality
Paul Craig Roberts
Much of the recent ebulient narrative about equity markets has been based on the promise of an earnings rebound - due to beneficial comps in the oil & gas sector. That narrative just hit a wall...
As Bloomberg notes, analysts haven’t rushed to upgrade their outlook on earnings per share at Europe’s biggest energy companies, even as Royal Dutch Shell Plc, Total SA and Statoil ASA beat estimates for a second straight quarter.
With WTI heading for its best week since 2016, demand and inventory data is trumping production for now and today's Baker Hughes rig count data did nothing to change that as, following last week's 1 rig drop, producers only added 2 oil rigs in the last week to 766.
Judging by the lagged correlation to WTI, rig counts are stalling as expected...