Independent thinking for complex markets and current events
by Michael We are watching a slow-motion train wreck play out right in front of our eyes, and nobody can stop it. Every single day that the Strait of Hormuz remains closed, commercial oil inventories will get even lower and national strategic oil reserves will get even lower. Right now the global economy is using more …
"Americans are consuming more capital than they produce. US national net savings by households, businesses and the government have been negative since 1Q23, for only the third time since 1947. The other two times were 2008-11 and 2020." Gavekal pic.twitter.com/jWUcaT66Md — Win Smart, CFA (@WinfieldSmart) September 18, 2024 BREAKING: Total consumer credit jumped by $25.5 …
by Mike Maharrey Rapidly increasing industrial and military demand for silver is depleting global inventories, and the rate may well accelerate quickly. Silver demand has outstripped supply for three straight years and the Silver Institute projects another market deficit this year. In 2023, the silver market charted a structural deficit of 184.3 million ounces. The …
President Joe Biden’s proposed $850 billion Pentagon budget for fiscal 2025 would tap US stockpiles to arm Taiwan and provide major funding increases for long-range, air-launched anti-ship missiles, per Bloomberg. — unusual_whales (@unusual_whales) March 12, 2024
The rising gas prices are causing a familiar concern for Americans as they approach the $4.00 mark once again, reminiscent of the situation in August 2022. However, a key difference is that back in August 2022, the US Strategic Petroleum Reserves (SPR) had 100 million more barrels of oil in its arsenal, providing a cushion …