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"The Rig Count Decline Is Not Sufficient To Slow US Production" Goldman Warns
While so much has been made of the considerable decline in US rig counts as the driver behind the recent price bounce in oil, Goldman Sachs' Damien Courvalin pours cold water all over that narrative as...
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Goldman Confirms Subprime Responsible For Collapse In Auto Sales
We’ve written extensively of late about the parallels between today’s subprime auto lending market and the conditions that prevailed in the subprime housing market on the eve of the collapse....
View ArticleFrontrunning: March 9
ECB Starts Buying German, Italian Government Bonds Under QE Plan (BBG)Creditors Reject Greece's Reform Proposals (BBG)Is Apple Watch the Timex digital watch of the Internet era? (Reuters)Tesla shedding...
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Warren Buffett Wants To Give You A Car Loan
With the auto loan securitization machine humming right along (pace of new issuance is up 30% compared to this time last year at nearly $24 billion YTD) and with the attendant $1 trillion pile of auto...
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Watch As All the Bond Rats Jump Ship before FOMC Meeting
By EconMatters Short-Term Market Flipping Markets are just hilarious these days, there is no meaningful investments in the era of High Frequency Trading, Spoofing Algos, Pump & Dump IPO Schemes...
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From Bubble-Blower To Energy Expert, Alan Greenspan Warns "Oil Hasn't...
Having recently explained why the stock market is extremely overvalued (in his own words by Fed-driven multiple expansion alone), Alan Greenspan - seemingly brimming over with the need to remedy his...
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The Best "Democracy" Money Can Buy: For Every Dollar Spent Influencing US...
The first time we read the recent analysis by the Sunlight Foundation in which it combed through 14 million corporate records, including data on campaign contributions, lobbying expenditures, federal...
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Tech Startup Bubble Has America's Retirement Funds Chasing Unicorns
Last week, we highlighted the not-so-surprising fact that many private tech company valuations are completely made up. To let the VCs who fund these companies tell it, the problem isn’t that Snapchat...
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First Oil, Now Shale Gas Set To Crash Amid "Orgy Of Over-Production"
Submitted by Arthur Berman via OilPrice.com,Spending cuts for oil-directed drilling have dominated first quarter 2015 energy news but rig counts for shale gas drilling are too high.Investors should pay...
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Thoughts on The Current Oil Market
By EconMatters Crude oil has slid into a definitive bear market starting 2H14. Since most of the oil companies (majors as well as E&Ps) based their budget, growth, and strategy trajectory on ~$50...
View ArticleFrontrunning: March 26
Saudi Arabia, allies launch air strikes in Yemen against Houthi fighters (Reuters)Pilot on Crashed Jet Was Locked Out of Cockpit, NY Times Says (BBG)Why Bombing This Tiny Oil Producer Is Roiling the...
View ArticleAmericans Supported and Inspired the Nazis
Preface: I am a patriotic American who loves my country. I was born here, and lived here my entire life.So why do I frequently point out America's warts? Because - as the Founding Fathers and...
View ArticleFrontrunning: March 30
Setbacks and progress as Iran, six powers meet to end nuclear impasse (Reuters)Russia’s Foreign Minister Sergei Lavrov to Leave Iran Nuclear Talks (WSJ)Obama Ramps Up Lobbying on Iran as Deadline Looms...
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Pitchfork Populism & The Ghost Of 1937
Submitted by Sean Corrigan via True Sinews blog,With the Fed supposedly steeling itself at last to remove a little of its emergency ‘accommodation’, it has suddenly become fashionable to warn of the...
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How Do You Survive Middle Age While Working On Wall Street?
With a long weekend upon us, ConvergEx's Nick Colas takes the opportunity to wax a bit philosophical. The question for the day: "How do you survive middle age while working on Wall Street?" After...
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Why The Oil Price Collapse Is The Fed's Fault
Submitted by Arthur Berman via OilPrice.com,The present oil price collapse is because of over-production of expensive tight oil. The collapse occurred because of the inability of the world market to...
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America's Top 100 Oil Fields
With everyone's attention in recent months falling squarely on the US oil industry, and specifically how much longer various shale companies will be able to keep operating now that Saudi Arabia is...
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The American Consumer Will Never Be Back
Submitted by Raul Ilargi Meijer via The Automatic Earth blog,That title may be a bit much, granted, because never is a very long time. I might instead have said “The American Consumer Won’t Be Back For...
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Latest $269 Million DOE Loan Causes Major Controversy
Submitted by Darrell Delamaide via OilPrice.com,No doubt smarting from criticism about its lack of success in picking winners in alternative energy vehicles, the Department of Energy has given initial...
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More Thoughts on the Current Oil Market
By EconMatters WTI surged to close at $56.01 a barrel on Wednesday, while Brent closed at $62.86 after the US crude oil inventories showed a 'less-than-expected increase'. The latest weekly inventory...
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