Are Fed Officials Throwing Main Street Under The Bus?

Wall Streeters have the Fed standing behind them... promising to catch them if they fall and giving them privileged information. But who do Americans have looking out for them? Apparently, nobody but themselves!

Don't Show President Trump This Chart

It's been (almost) 100 days and stocks are higher, hype is at its peak, hope remains higher-ish... there's just one problem, real economic data is collapsing...

Will Trump's Tax Plan Pass: Here Is The Complete Probability Matrix

With investors asking "what is the probability of the Trump tax deal getting done?" it turns out that is the wrong question. As Morgan Stanley shows, the outcome from Trump's tax proposal is not binary but rather leads to the following nine distinct possible results.

One Man's Reality Check From "A Corner Of Flyover Red America"

"I live in a corner of Flyover Red America where you can easily read these conditions on the landscape - the vacant Main Streets, especially after dark, the houses uncared for and decrepitating year by year, the derelict farms with barns falling down, harvesters rusting in the rain, and pastures overgrown with sumacs, the parasitical national chain stores like tumors at the edge of every town."

Two Army Rangers Killed During Raid On ISIS Compound In Afghanistan

US military casualties abroad are starting to pile up again. Two weeks after the US dropped the MOAB over a cave complex in the Nangarhar region in Afghanistan, reportedly in an attempt to flush out ISIS operatives, on Friday the Defense Department reported that on Thursday two Army Rangers died during a raid on the same compound in Afghanistan.

US Rig Count Rise Continues As Crude Production Hits 20-Month Highs

From the May 2016 lows, the number of US oil rig counts have only declined 3 times and this week was no exception. Up for its 15th week in a row (+9 to 697), its highest level since April 2015, the rig count continues to pull US crude production higher, stymying OPEC efforts at balance, leaving the bullish case for oil fading fast.

Why The Crude Rally Has Fizzled - Part 3 (Of 3)

It is no understatement that it will take a lot of US demand to balance the market. And not just refinery demand, but also product demand too. And not just in the US. In the face of a world saturated with crude oil, the only thing that can truly balance this market is fresh demand from new technology, or a massive reduction in global refinery capacity.

 

Government Shutdown Averted For 7 Days: Senate Passes Stopgap Spending Bill

One hour after the House of Representative passed the a stopgap spending bill in a 382-30 vote, moments ago the US Senate likewise voted the measure through; the bill which gives the government a week before this specatcle has to be repeated again unless a full spending bill is enacted, now goes to Trump for signing later today.

Chicago Airport Security Chief Fired After United Airlines Debacle

Following United Airlines' settlement with David Dao (with no one from the airline being fired), it seems a scapegoat has been found. AP reports, Jeffrey Redding, the head of security at Chicago's airports, "has been terminated from his duties" at O'Hare and Midway airports. No reason was given.

Nasdaq Erases Exuberant Earnings Gains

Despite the ebulience of analysts over Amazon and Alphabet (and Microsoft), it seems the 'have-nots' are weighing the Nasdaq down. From record highs at the gap open, the Nasdaq Composite has drifted back to unch...