Month: July 2018

zerohedge July 31, 2018

Authored by James Anderson via SilverDoctors.com, For those concerned about furthering cashless future where cash and privacy get further reviled, stories like these serve as an easy pretext… News stories like this one below, can create the impression that cash / bullion / and even crypto currencies are the bastion of criminal and even terrorist activity. Looks like […]

zerohedge July 31, 2018

Authored by Ryan McMaken via The Mises Institute, The latest trend in banning plastic stuff is the nationwide trend toward eliminating plastic straws from restaurants. A commonly-given justification for the ban is the fact that there’s a lot of plastic garbage floating around in the ocean. Of course, this rationale seems a bit odd for […]

zerohedge July 31, 2018

Having posted its biggest monthly loss since 2016, amid over-supply fears, all eyes are back on API tonight with bulls hoping that last week’s across the board inventory draws continue… but it reported a shocking 5.59mm inventory build and WTI dropped.   API Crude +5.59mm  (-3mm exp) Cushing -930k (-500k exp) Gasoline -791k Distillates +2.89mm […]

zerohedge July 31, 2018

The Bank of Japan disappointed last night as East Coast traders had to wait for the longest time since 2016 for Kuroda to do practically nothing, creating an unwind of last week’s anxiety-driven spike in bond yields. Former fund manager and FX trader, Richard Breslow, was among the disappointed as he exclaimed “why are they […]

zerohedge July 31, 2018

Authored by Simon Black via SovereignMan.com, Like a lot of major cities in the United States, Philadelphia is in pretty rough financial condition. One of the city’s biggest problems is its woefully underfunded public pension, which has a multi-billion dollar funding gap. In 2001, Philadelphia’s pension fund was still in decent shape with a funding […]

zerohedge July 31, 2018

Authored by Kevin Muir via The Macro Tourist blog, I am sure many of you are sick of my yield curve talk. I have been babbling about the curve for far too long. I guess it’s a little understandable as I believe a steepener position will be “the” trade during the next crisis. Yet there […]