United States

It appears that Horseman Global's Russell Clark may have been spot on with his bearish assessment of the US shale sector.

As a reminder, in his latest letter to investors, Clark said that "the rising decline rates of major US shale basins, and the increasing incidents of frac hits (also a cause of rising decline rates) have convinced me that US shale producers are not only losing competitiveness against other oil drillers, but they will find it hard to make money."

The Conspiracy to Remove Trump from the Presidency

Paul Craig Roberts

US intelligence services, the Democratic Party, some Republicans including members of President Trump’s own government, and the presstitute US media are conspiring against American democracy and the President of the United States.

We know this from a public letter to Trump published today, July 24, 2017, on consortiumnews.com by Veteran Intelligence Professionals for Sanity. See: https://consortiumnews.com/2017/07/24/intel-vets-challenge-russia-hack-evidence/

This morning, BofA has released a humongous, nearly 200-page "primer" on the global sharing economy which in the eyes of Wall Street and Silicon Valley is the biggest disruptor behind virtually all 21st century business models. Since it is impossible to summarize the report, which will be largely ignored by most of BofA's clients who will instead focus on the hundreds of charts scattered throughout, we will simply summarize the basics as laid out by BofA, and then present some of the more interesting charts, with the remainder to be published in subsequent thematic posts.

Bullish traders who insist that US economic fundamentals remain rock-solid despite tepid growth, inflation and other signs the postelection “Trump bump” in consumer confidence is already beginning to fade should take a look at the International Monetary Fund’s latest batch of quarterly forecasts for global growth.

The fund left its all-world forecasts for 2017 and 2018 unchanged from its previous quarterly update, which was released in April: It anticipates 3.5% and 3.6% growth, respectively.

Having tried and failed to introduce his "impeach Trump" bill, Rep. Al Green won't give up that easy as The Hill reports he plans to introduce a bill that would prevent presidents from being able to pardon themselves.

Green's bill follows increasing reports from the 'fake news media' that Trump is considering using his power to pardon on himself or other members of his administration for any offenses related to the Russia probe, though Trump attorney Jay Sekulow has insisted that officials are not even discussing Trump’s ability to issue pardons.