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This is one of those numbers where the context matters. Cushing, Oklahoma oil storage is down to around 20 million barrels. That is the lowest level since 2014 and close to the point where the physical oil market can start …
Less than 14bn$ of “cash on the sidelines” are left in the US. When this hits zero banks will start to borrow liquidity regularly from the FED REPO facility because there isn’t much left in the open market. The FED …
Insiders are looking for the exits. Short selling sharks are circling. Regulated banks are majorly exposed to this credit segment, another one deep within the shadows. Could this explain why market signals remain near or at extremes? From swap spreads …
The U.S. housing market is dangerously overvalued. This chart shows 15 years of income just to buy a median home. We haven’t seen levels this high since 2007 and we know what happened then. I just dropped a very detailed …
JUST NOW: Biden comes dangerously close to saying Make America Great Again. 🥴🥴🤣🤣🤣 pic.twitter.com/Sf8HcQrDvV — C. Weber (@CWBOCA) July 15, 2024
For the first time in history, the median monthly mortgage payment is nearing $3000/month. Mortgage rates are now at their highest since 2002. Inflation has made many basic necessities into unaffordable things. Follow us @KobeissiLetter for real time analysis as …
by Michael This is not a time to be running low on ammo. A major conflict could erupt in the Middle East at any time, and thanks to the recklessness of the Biden administration the U.S. could soon find itself …