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Goldman Warns Of Oil Price Shock As Border Tax Could Lead To Surge In US Oil Production

While much has been said about the impact on the dollar from the proposed Border Tax Adjustment, which may or may not be implemented depending on what Trump says/tweets on any given day (and as a reminder, there has already been a loud outcry against it by powerful lobby groups, including the Kochs, as a result of the expected decimation of US retailers should BTA be implemented) little has been said about how it could impact US commodity production in general, and oil in particular.

Oil Prices Are Up 90% YoY... What That Might Mean For Bonds

Oil Prices Are Up 90% YoY... What That Might Mean For Bonds

Submitted by Eric Bush via Gavekal Capital blog,

It is somewhat hard to believe but oil prices are up nearly 90% over the past year. The past two times oil prices have increased this much year-over-year, US 10-year bonds rallied quite significantly.

In 2008, oil was up over 100% in July and bond yields were hovering just over 4%. Ultimately, yields fell to 2.10% as the year-over-year change in oil dropped to -63% by the end of that year.

2017: The Year When The World Economy Starts Coming Apart

2017: The Year When The World Economy Starts Coming Apart

Submitted by Gail Tverberg via Our Finite World blog,

Some people would argue that 2016 was the year that the world economy started to come apart, with the passage of Brexit and the election of Donald Trump. Whether or not the “coming apart” process started in 2016, in my opinion we are going to see many more steps in this direction in 2017. Let me explain a few of the things I see.

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