I want to highlight two critical oil charts.The first is from Goldman Sachs and it illustrates broad levels of oil spending globally. Remember that conventional global reserves run off at 5-7% annually and...
Luna -- recently at top-5 crypto -- has imploded down to nearly nothing. It's been shattered along with a disastrous plan to use it to back the UST stablecoin. Both are in shambles.Yet...
Why are rates always stuck near the lower bound?The usual explanation is that globalization, automation and demographics are the culprit. That's compelling but the BIS has a paper that puts forth a novel...
Markets:Gold up $7 to $1883WTI crude up $2.34 to $110.60US 10-year yields up 5 bps to 3.12%EUR leads, CAD lagsS&P 500 down 23 points to 4123 -- first streak of 5 weekly losses...
This is not a pretty picture in any sense.Now you can argue that if you ignore yesterday's gain, this isn't that bad. But I won't make this argument because a 6% loss is...
