Authored by Lance Roberts via RealInvestmentAdvice.com,
As I noted last Friday, the recently approved budget was an anathema to any fiscally conservative policy. As the Committee for a Responsible Federal Budget stated:
Authored by Gregory Brew via OilPrice.com,
Despite the recent market rally and current bullish streak in oil prices, the years-long competition for market share between OPEC and U.S. shale producers shows no sign of abating, and will likely continue for the next several years at least.
Tracking the lagged rebound in WTI prices, the US oil rig count rose by 9 this week - the biggest weekly rise since June.
And with production at record highs, we suspect OPEC will need to jawbone some more...
And total US Crude output just hit a new record high...
Authored by Charles Hugh Smith via OfTwoMinds blog,
The likelihood that either party will ever drain the fetid swamp of corruption that is our tax code is zero, because it's far too profitable for politicos to operate their auction for tax favors.
To understand the U.S. tax code and the endless charade of tax reform, we have to start with four distasteful realities:
Last week, we reported that Special Counsel Robert Mueller is close to asking a grand jury to approve indictments for former National Security Adviser Mike Flynn and his son, Mike Flynn Jr., as investigators believe they have enough evidence to bring charges after speaking to multiple witnesses about Flynn's lobbying work, including whether he laundered money or lied to federal agents about his overseas contacts. Now, we have a somewhat clearer picture of what Mueller has been digging around for in his investigation of Flynn who was fired after just 24 days on the job.