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The Aftermath Of The Great 2014 Oil Crash "A Textbook Macroeconomic Shock"
Not a day passes without pundits on either side of the debate, eager to make their case that the acute, nearly 50% plunge in the price of crude, swear up and down their preferred economic ideology of...
View ArticleFrontrunning: December 15
Sydney Siege Sparks Muslim Call for Calm Amid Backlash Fear (BBG)Oil Spilling Over Into Central Bank Policy as Fed Enters Fray (BBG)Biggest LBO of 2014: BC Partners to acquire PetSmart for $8.7 billion...
View ArticleFrontrunning: December 16
Ruble Sinks to 80 a Dollar Defying Surprise Russia Rate Increase (BBG)Oil slumps near $59 for first time since 2009 on oversupply (Reuters)Oil sinks, Russian moves fail to quell nerves (Reuters)Fed...
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Turmoil Spreads: Ruble Replunges, Crude Craters, Yen Surges, Emerging Markets...
For those wondering if the CBR's intervention in the Russian FX market with its shocking emergency rate hike to 17% overnight calmed things, the answer is yes... for about two minutes. The USDRUB...
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Commodity Trading Giant Exits Physical Gold Due To "Lack Of Physical With A...
Back in March, otherwise very under-the-radar Swiss commodities trading giant Gunvor and the fifth largest oil trader in the world, made headlines in the press when one of its then-Russian owners,...
View ArticleFrontrunning: December 17
Citigroup is pleased: Obama signs $1.1 trillion government spending bill (Reuters)Oil holds below $60 as OPEC, Russia keep pumping (Reuters)5 Things to watch at the December Fed Meeting (WSJ)Russia...
View ArticleFrontrunning: December 18
Swiss National Bank Starts Negative Interest Rate of 0.25% to Stave Off Inflows (BBG)Putin Strikes Uncompromising Stance Over Crisis Gripping Russia (BBG)Sony cancels North Korea movie in apparent win...
View ArticleFrontrunning: December 19
Icahn, Paulson Suffer Large Losses as Energy-Related Bets Sour (WSJ)Oil Investors Keep Betting Wrong on When Market Will Bottom (BBG)U.S. to sell final $1.25 billion shares of Ally Financial from...
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Just What Is China Buying?
Something strange is going on in China. On one hand, as the chart below shows, China's trade surplus is growing and growing, and just hit record highs. In other words, China is - on paper - receiving...
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2014 Year In Review (Part 1): The Final Throes Of A Geopolitical Game Of Tetris
Submitted by David Collum via Peak Prosperity,Background“I don't write about what I know: I write to find out what I know.”~Patricia HamplEvery December, I write a Year in Reviewref 1–7 first posted on...
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2014 Year In Review (Part 2): Will 2015 Be The Year It All Comes Tumbling Down?
Authored by David Collum, originally posted at Peak Prosperity,If you've not yet read Part 1, click here to do so. The whole enchilada can be downloaded as a single PDF here, or read below, or viewed...
View ArticleFrontrunning: December 22
Police officers' slaying raises pressure on New York mayor (Reuters)People Call for Cooling of Racial Tensions After Murder of NYPD Officers (BBG)The $6.3 Trillion Frenzy That Vanquished Treasury Bears...
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Bloomberg's Commodity Index Drops To Lowest Since 2009: What Does It Mean?
Moments ago we learned that for all talk of a commodity "bottom", the "energetic" dead cat has resumed its inverse bounce. To wit:BLOOMBERG COMMODITY INDEX EXTENDS DROP TO LOWEST SINCE 2009So what does...
View ArticleFrontrunning: December 24
Russia says NATO turning Ukraine into 'frontline of confrontation' (Reuters)Oil Drillers Under Pressure to Scrap Rigs to Cope With Downturn (BBG)Demonstrators Defy NYC Mayor's Call to Suspend Police...
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Make No Mistake, The Oil Slump Is Going To Hurt The US Too
Submitted by Marin Katusa via Casey Research,If you only paid attention to the mainstream media, you’d be forgiven for thinking that the US is going to get away from the collapse in oil prices scot...
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Massive 1,500 Ton Gold Vault For Sale In The Heart Of London, One Previous...
Back in June 2013, when Deutsche Bank opened a gold vault in Singapore which could hold up to metric 200 tons, the German bank was euphoric about the prospects for storing physical gold: "Gold has...
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Only War, Inflation And Financial Collapse Can End The Global "Plutonomy",...
The last time the market was as euphoric and as complacent as it is now, was in the happy go lucky days of 2006 when every day stocks surged without a care in the world, when Lehman bankers were...
View ArticleFrontrunning: December 30
U.S. agency gives quiet nod to light oil exports (Reuters)China’s Stocks Fall to Pare Biggest Monthly Advance Since 2007 (BBG)The Cartel: How BP Used a Secret Chat Room for Insider Tips (BBG)BRICs...
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If Quantitative Easing Works, Why Has It Failed to Kick-Start Inflation?
Illustration by William BanzaiQE Has Failed to Spark InflationQuantitative easing (QE) was supposed to stimulate the economy and pull us out of deflation.But the third round of quantitative easing...
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The Best And Worst Performing Assets In 2014
Anyone who put on a long Shanghai Composite, short Brent trade on January 1, 2014, congratulations: you can now retire. However, since nobody did and instead the groupthink herd of beta-levered...
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