It's widely known that the Federal Reserve has been tasked by Congress with a "dual mandate" to maintain stable consumer-goods prices, low unemployment and - oh yes - buoyant equity prices. However, as Reuters revealed on Monday, the central bank has another legally binding obligation that might upset some of its clients: Helping the US intelligence community spy on foreign governments.
While the fundamental outlook for oil appears weak, with U.S. shale drillers continuing to add extra rigs (despite the downturn in prices), Reuters' John Kemp warns that positioning data suggests the risk of a short-covering rally is increasing.
The hedge fund community placed enormous faith in OPEC’s ability to accelerate oil market rebalancing through cuts announced late in 2016 in association with key non-OPEC producers.
A top U.S. missile and chemical weapons expert has documented for months that the Syrian government did not carry out a chemical weapons attack against civilians, and that contrary claims by the Trump White House, French intelligence services, the New York Times, CNN and other “mainstream” sources are wrong … and worthless propaganda.
Former top military and intelligence officials – including many who warned against the faulty Iraq intelligence in advance of the Iraq war – have long said that the claims that Assad carried out the chemical weapons attacks was bunkum.
One of the primary reasons why GM files for bankruptcy back in 2009, much to the chagrin of the Obama administration not to mention the company's creditors, was because its pension and retirement benefits had become untenable (ignoring that the GM bankruptcy inverted the liquidation analysis on its head with bondholders crammed down at the expense of unions and pensioners who are a much bigger portion of the US voting population than a few bondholders on Wall Street).
The latest update on the mysterious circumstances surrounding a collision between a Philippines’ flagged container ship and a Navy destroyer that left seven sailors dead has arrived, courtesy of Reuters.
The news agency is reporting exclusively that the USS Fitzgerald ignore the much-larger cargo ship’s repeated warnings to get out of its path of travel.