Courtesy of IHSMarkit’s energy vice president Roger Diwan How did you end up with negative oil prices today? This happens when a physical futures contract find no buyers close to or at expiry. Let me explain what that means: A physical contract such as the NYMEX WTI has a delivery point at Cushing, OK, & date, […]
The Mortgage Bankers Association warned that the housing market could face a ” large-scale disruption,” due to actions by the Fed that were meant to help the mortgage market. The Fed bought $183 billion of purchases last week of mortgage-backed securities, in an effort to drive down rates, and they did. But the Fed’s actions, […]
Here’s Nancy Pelosi caught red-handed on insider trading. THIS is a good definition of an extortion racket – Quid Pro Quo. When Nancy was questioned during an interview by 60 minutes her only response “I don’t understand the point of your question.
Fred Imbert MSN Stocks ended sharply lower Tuesday in the biggest decline since the October rout as traders worried about a bond market phenomenon signaling a possible economic slowdown. Lingering worries around U.S.-China trade also added to jitters down Wall Street. The Dow lost 799 points, or 3.1 percent, posting its worst day since Oct. […]
Since announcing their new advertising campaign will be led by Colin Kaepernick, the social media backlash has dominated the virtue-signaling efforts we presume they hoped for. With images of Nike apparel and footwear being burned and real sacrifice being discussed, it appears investors are growing disillusioned as NFL fans as Nike shares are down over 3% in the pre-market. […]
By Melody Hahm Nobel laureate and Yale economics professor Robert Shiller said the housing market is on a tear, and he sees no signs of a crash like the one that rocked the housing market a decade ago. “The market has been looking overheated ever since 2012 when we saw the upsurge that has been […]
Janet Yellen, whose last day at the Fed was Friday, told CBS that stock market valuations are “high,” though she’s not sure if they’re in a bubble. The comments came amid an aggressive market sell-off that saw the Dow industrials lose 666 points Friday. Yellen has ended a 14-year career at the Fed, the last […]
In the worst sell-off since President Trump was elected, US stocks tumbled on Friday on fears a still expanding economy was finally pushing interest rates into the red zone. As investors fled equities, the Dow Jones industrial average tumbled 666 points — the largest point decline for the index since the Great Recession. One hour […]
by Michael Snyder Will the financial bubble that has been rapidly growing ever since Donald Trump won the election suddenly be popped once he takes office? Could it be possible that we are being set up for a horrible financial crash that he will ultimately be blamed for? Yesterday, I shared my thoughts on the […]
Michael Krieger “It was pretty glowing about us,” one person who watched the event said. “It’s so far from what she sounds like as a candidate now. It was like a rah-rah speech. She sounded more like a Goldman Sachs managing director.” – From the post: What Clinton Said in Her Speeches – “She Sounded More […]
