<Click on chart for larger image> Bloomberg.com – Oil and Gas Drillers in the U.S. Ready to Party Like It’s 1859 The energy business in the U.S. is about to travel 150 years back in time. Oil and gas companies have cut so much spending amid the biggest price crash in a generation that there… Continue reading Oil Supply/Demand
<Click on chart for larger image> <Click on chart for larger image> The Wall Street Journal – Is the Worst Over for Stocks? Being Contrarian Doesn’t Always Pay In this turbulent stock market, the benefit of hindsight suggests it pays to be contrarian. But does it really? For decades, many investors have used the American… Continue reading Contrarian Thinking
The Telegraph – Islamic State ‘earning millions by playing the stock market’ Isil is making millions of dollars for its war chest by playing foreign currency markets under the noses of bank chiefs, it was revealed today. The terror group is earning up to $20m (£14.29m) a month by funnelling dollars looted from banks during… Continue reading ISIL Plays The Markets
Par Value of Negative Interest Rates In The JP Morgan Government Bond Index (GBI) Bloomberg.com – Lisa Abramowicz: Negative Rates Strain Financial System But on the other, riskier bonds carry bigger premiums for a reason: They’re risky. U.S. junk-bond buyers have spent the past nine months licking their wounds as the debt lost an estimated… Continue reading Quantifying Negative Rates
Janus – Sunshine, Lollipops and… What readers should know is that the global economy has been powered by credit – its expansion in the U.S. alone since the early 1970’s has been 58 fold – that is, we now have $58 trillion of official credit outstanding whereas in 1970 we only had $1 trillion. Staggering,… Continue reading Bill Gross Speaks On The End Of A Credit Boom
The Telegraph (UK) – Euro depression is ‘deliberate’ EU choice, says former Bank of England chief Europe’s deep economic malaise is the result of “deliberate” policy choices made by EU elites, according to the former governor of the Bank of England. Lord Mervyn King continued his scathing assault on Europe’s economic and monetary union, having predicted… Continue reading Choosing To Have An Economic Depression?
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Charts of the Week Topics Covered This Week Include: Probability Of A Fed Hike In 2016 Oil Glut’s Catch 22 Using Railcars To Store Crude Crude Oil Production Hedge Funds Still Bullish On Crude Oil An Earnings Update Revenue Estimates Company Guidance Year-to-Date Total Return 30-Year Japanese Auctions Negative Yields Overall and Ex-Energy Credit Indices… Continue reading Charts of the Week
Comment Note in the right-hand column we now have boards that update the betting markets every three seconds from the largest election betting site, Predictit.com. In this unpredictable election year we have found the betting markets to be invaluable. They often give us a perspective not found in political commentary. So often something controversial happens… Continue reading Super Tuesday Wrap-Up
<Click on chart for larger image> <Click on chart for larger image> The Wall Street Journal – ‘Critical Mass’ of Oil-Producing Countries Agree to Freeze Production Russian Energy Minister Alexander Novak said countries producing 73% of the world’s oil agreed to the tentative deal A “critical mass” of oil-producing countries have agreed to freeze oil… Continue reading Crude Oil Production
Arbor Research – Peter Forbes: Shifting Balance of Risks The FOMC omitted the balance of risks assessment from the January 27th statement for only the second time. FOMC members agreed only on elevated uncertainty, deeming it premature to alter the medium term outlook or assess the balance of risks. Should global risks continue to recede… Continue reading A Look At The FOMC’s Balance Of Risks
<Click on chart for larger image> Bloomberg Business – Treasuries Extend Fall as U.S. Data Raise Odds of Fed Rate Move Bets of Fed rate increase in 2016 climb as outlook brightens Treasuries fell a second day as an improving outlook for the U.S. economy fueled bets of an interest-rate increase by the Federal Reserve… Continue reading Probability Of A Fed Hike In 2016