Oil behaves for now. Brent crude headed for its biggest weekly decline in six months as Libya prepared to resume exports from two terminals and Iraq’s crude production remained unaffected by violence. West Texas Intermediate fell for a seventh day, the longest retreat since 2009.
Brent and WTI futures both slipped by 0.3 percent today. Libya will start shipping crude from Es Sider and Ras Lanuf at full capacity after taking back control of the ports from rebels, according to National Oil Corp. Fighting in Iraq hasn’t spread to the south, home to more than three-quarters of its output. Hurricane Arthur, the first to make landfall on the U.S. since 2012, weakened as it pulled away from North Carolina.
The thing which pushed oil really down was Libya saying it will reopen the two terminals, see what actually happens, but for the moment it gives some relief. In Iraq I expect exports and production will probably remain untouched.
Inflation vs deflation
wages are not rising much.
expenses have risen a little so far. Oil is behaving for now - $105/barrel is reasonable.
With amount of money being printed........inflation has remained tame.
Yes a spike will come someday.........but without a crystal ball, its only a guess.
Jest as I do - yes, inflation is already a problem. And will intensify down the road.
1000's have stopped paying their water bill, due to a lack of funds, or disagreements over a rise in rates.
Try flushing the toilet, after the water as been turned off. A few days for the aroma to sweeten
George Soros: EU Must Issue #$%$100bn Bonds to Solve Growth Crisis
Europe also has the ability to print and issue debt,
The printing press will run at full speed, for years and decades to come. life goes on.
One day China and Japan will refuse to buy US treasuries
randorn - china and japan and Russia stopped buying us treasuries a few years ago.
the market did not crash..........
who is buying the US Debt ? The USA is buying its own debt, via printing. A perfect shell game.
As I have said before - When you own the World Reserve Currency - you can print what ever you need.
For now - no other currency comes close to the US Dollar...........none, nada, zip
This is why printing will last a lot longer, than most can conceive.
actually china and Russia have been net sellers of US Bonds. Slow selling to prevent a crash in the bond market, to save their own rear end.
Maestro ( Greenspan ) will have passed on, long before this cycle is over.
This cycle might last for 100 years or longer.
The Fed can not stop printing, the Fed's balance sheet will continue to expand.
What is not known, is the rate of expansion. Or the end of this fiat cycle.
Will Hyper Inflation come ? Bond rates rise to a point, where investors actually want to buy debt again. In 1979, the long bond hit 15% and the world did not end, nor the financial market crash.
Ten years later in 1989, the stock market went from 2000 to 10,000.
Yes, there will be a bond crash someday, and smart investors be buying bonds for pennies on the dollar. Other smart investors will be buying stocks at discounted prices. The cycle goes on.
a few months ago, Dez called - the top ( NASD ) -
now the nasd, is close to challenging that top. Im sure Dez covered his short position.
The Fed balance sheet, continues to expand, while the rise in debt is slowing due to increased tax collection.
QE continues to have positive results.
Taper, has resulted in lower, rates, small increase in inflation, and no stock market crash.
many have tried to - call the top -
No harm in guessing, once in a while,
Delta has called the TOP IS IN - for years, and he is still a genius
red queen - It's not ZIRP that is holding up the market. QE is far more important. The market choked the last 2 times it ended.
The last 2 times it ended...........fact is, is did NOT end. Low rates can NOT end. Not until the Fed has lost control. This far off into the future.
ZIPR is QE. The low rate interest policy.
Rates will fluctuate between, ultra low and just low rates. 1% and 3%
Maybe 1/4% and 4% at extremes.........
The US Dollar is the RESERVE CURRENCY. Nothing can replace it, for now, in our life time.
A few privileged bankers on Wall Street will know, when rates are going to move.
A few smart investors can make an educated guess
Most like delta, make an uneducated guess, or lack the understanding of printing.
yes wif, you need to go on - you market commentary is supreme
Your market insights are almost as useful as delta's drivel. cheers
delta warns - the bubble will pop
the sky is about to fall down
was worried delta had stopped posting "crash soon"
since delta is back to his old tricks, the stock market is safe, for now.
always been bubbles - always pop
this bubble will continue - at least long enough for one or two more "reverse splits"
delta is a genius
zerohedge, has an interesting article " Looking At Record Low Volatility "
Record low volatility below 10 is common.
The Fed stands ready to backstop debt and financial markets with unlimited amounts of printing.
Printing is free.........Central banks or any TBTF institution will be saved, even Greece, Spain, and France.
One day or even one week flash crashes, will be followed with melt-ups.
The manipulation will continue. Delta will continue, to run around in 3 day underwear, screaming, the sky is falling. Same story, different day.
Almost everything is favorable to da bears, except for QE and printing.
How long will this last ? Not forever, but longer than delta can remain solvent.