United States

A tanker loaded with 1 million barrels of Venezuelan heavy crude has been stranded for over a month off the coast of Louisiana, not because it can't sail but as a result of Venezuela's imploding economy, and its inability to obtain a bank letter of credit to deliver its expensive cargo. It's the latest sign of the financial troubles plaguing state-run oil company PDVSA in the aftermath of the latest US sanctions against the Maduro regime, and evidence that banks are slashing exposure to Venezuela across the board as the Latin American nation spirals into chaos.

A House Divided Against Itself Cannot Stand

Paul Craig Roberts

Via The Daily Bell

Alt Right, that amalgam of racists made up of Neo Nazis, Klansmen, white supremacists, assorted Crackers, and ‘fashy’ coiffed metrosexuals, took their Tiki Tour 1939 to Charlottesville in the hope of gaining a greater footprint in society and widen the base of folks able to hear their ‘message’. They got what they wanted, sort of. By the way, the Alt Right PC term for racist is ‘Identitarian’. How sweet!

Authored by Kevin Muir via The Macro Tourist blog,

Yesterday, a few different readers emailed to ask my opinion about the European Junk Bond versus US Treasury yield chart that Tiho Brkan from The Atlas Investor Blog recently published.