As if Illinois didn't have enough to worry about between an imminent downgrade to junk (as soon as July 1), soaring debt costs, insolvent pension funds, and roads that may soon resemble the lunar surface, today in the latest insult to a relentless series of injuries, the lottery itself is about to dump Illinois.
Less than a day after the Senate overwhelmingly voted to impose new sanctions against the Kremlin, on Thursday Germany and Austria - two of Russia's biggest energy clients in Europe - slammed the latest U.S. sanctions against Moscow, saying they could affect European businesses involved in piping in Russian natural gas.
Authored by George Friedman and Jacob Shapiro via MauldinEconomics.com,
There’s no end in sight to slumping oil prices - good news for consumers but a dire development for major oil producers like Saudi Arabia and Russia. And now, rising US oil production and exports are contributing to the slump.
Vladimir Putin trolled the US on Thursday, when speaking in a live call-in show with the Russian nation, the Russian president likened Comey to Edward Snowden, who was granted asylum in Russia in 2013, and scoffed at James Comey's disclosure of his conversations with U.S. President Donald Trump, saying the move has made Comey eligible for political asylum in Russia.
Authored by Kevin Muir via The Macro Tourist blog,
After many months of fighting all the naysayers predicting the next big stock market crash, I am finally succumbing to the seductive story of the dark side, and getting negative on equities. I am often early, so maybe this means the rally is about to accelerate to the upside. I am willing to take that chance. It would be just like me to pound the table on the long side, and then abandon the trade right before it goes parabolic.