“We Are Moving Into The End-Game”: 27 Tankers Anchored Off California, Hundreds Off Singapore As Oil Industry Shuts Down
Back in the late fall of 2014, when Saudi Arabia broke up OPEC for the first time and unleashed a…
April 2020
Front-Month WTI Crude Crashes Below Zero For First Time Ever
Over the last several decades, have we ever seen a year start as strangely as 2020 has? Global weather patterns…
We’re Not Going Back To ‘Normal’…
Turn the key and the economy will restart. That’s a myth a lot of people in the mainstream have peddled…
JPMorgan Profit Plunges To 7 Year Low On $6.8 Billion In Loan Loss Reserves As Dimon Warns Of “Severe Recession”
And so the worst quarterly earnings season since the financial crisis (at least until the catastrophic Q2 earnings) is off,…
Guggenheim Warns Of Coming Emerging Market Apocalypse: “Pandemic Will Be Followed By Food Shortages, Social Unrest”
Global capital markets are not pricing in the growing likelihood that defaults by large corporate borrowers in emerging markets will…
Small Business Guarantees Are A Bucket Of Moral BS Fraud
The coronavirus Small Business Relief program is a bucket of first come first serve moral fraud. Read moreWells Fargo is…
Michael ‘Big Short’ Burry Blasts “Unjustifiable” Lockdowns As “Most Devastating Economic Force In History”
Infamous for his painful but ultimately profitable “big short” bet against mortgage-backed securities during the 2008 financial crisis, Michael Burry,…