Authored by James Bambino via Platts blog,
This is the first part of a three-part series on headwinds facing the crude market.
These have been interesting times in the crude market. Prices had been trading comfortably above $50/b since late March, with bulls re-trenching on the idea that Saudi-led OPEC supply cut will soon tighten balances.
Authored by Nick Giambruno via InternationalMan.com,
On April 23, French voters could drive the entire European Union into its grave.
Doug Casey and I recently discussed this historic election—and why it matters to US investors.
Nick Giambruno: Doug, you predicted the fall of the European Union a few years ago. What has changed since then?
Yesterday, we presented a Deutsche Bank research report which tried to evaluate whether, despite polls suggesting otherwise, a Le Pen-Melenchon first round victory was possible in the French election this coming Sunday. In a surprising break from the conventional wisdom, this is what DB concluded:
Diplomatic relations between the UK and EU are fast approaching zero degrees Kelvin.
One day after Theresa May not only cemented, but allowed herself Brexit negotiating breathing room with her stunning, yet cunning decision to announce snap elections which would only boost the leverage of her party, Brussles has retaliated and as the FT reports, Brussels is starting to "systematically shut out British groups from multibillion-euro contracts" while urging companies to migrate to one of the 27 remaining EU members.
Literally no one knows the true 'value' of research, not even the investment banks that are selling it. Up until now, equity research has been treated as a 'freebie' given away to institutional clients in return for trading commissions but that is all about to change thanks to the European Union’s MiFID II regulations, which require asset managers to separate trading commissions from investment-research payments.