Economic principles explain why the Saudis began, in late 2014, to pump crude as fast as they could – or close to as fast as possible. In fact, there is a good reason why the Saudi princes are panicked and pumping.
Is the genie finally out of the bottle?A myriad of seemingly unrelated events and loose ends are converging in a manner that points in the direction of a huge win for Russian diplomacy in the Middle East, and we only need to connect the dots to see this scenario unfolding. What dots, one might ask?
To all Americans tonight, in all our cities and towns, I make this promise: We Will Make America Strong Again. We Will Make America Proud Again. We Will Make America Safe Again. And We Will Make America Great Again. THANK YOU.
"My rights as a journalist or US citizen do not apply at the border, as explained above, since legislation was quietly passed in 2013 giving DHS very broad powers (I researched this since the incident). This legislation also circumvents the Fourth Amendment that protects Americans' privacy and prevents searches and seizures without a proper warrant."
"Wall Street bankers inflate bubbles in everything from government bonds to Hillary Clinton's speaking fees... Americans get paid less today than 10 years ago. But healthcare and college tuition cost more every year... Our nuclear bases still use floppy disks. ... Instead of going to Mars, we have invaded the Middle East. We don't need to see Hillary Clinton's deleted emails: her incompetence is in plain sight... Now we are told that the great debate is about who gets to use which bathroom. This is a distraction from our real problems. Who cares? "
"Sorry, folks, but we got our freedom and we squandered it fewer than a handful of centuries. We stopped reading books. We gave up on the nuclear family. We skewed the meaning of words and let other people and institutions do for us what we could have done ourselves. We lost any semblance of identity other than that reliant on the hedonistic narcissistic whims of the individual. Identity politics have emerged alongside a complete loss of cultural identity - what a supreme irony! In this sense, there are obvious ways to 'make America great again'..."
“...we are living in unprecedented times of geopolitical and social uncertainties. For investors, it is really hard to quantify those risks.. In this age of monetary policy uber alles, every setback somehow gets sold as a buying opportunity. There are no long-term ramifications ascribed to anything,” So what will it take for risk appetite to shift?
Stocks trading on very shaky ground at already high multiples(and greater uncertainty that it will all be corrected naturally by the any-day-now thriving economy), means efforts to justify increasingly outlying earnings multiples are over-reaching... "There is just nothing to suggest interest rates are related to PE’s or EP’s, and thus the “Fed model” was but another 1990’s gimmick to justify the unjustifiable."
They've been called spoiled and entitled, but millennials may not be in nearly the advantaged position many think. Millennials may be the first generation ever to have lower lifetime earnings than their predecessors, which is “in contrast to the taken-for-granted promise that each generation will do better than the last."
"The Republican National Convention careened off the rails on Wednesday night as Ted Cruz refused to endorse Donald Trump from the stage and was met with deafening boos. It was an extraordinary scene of disunity, the like of which has not been seen at a party convention in a generation."
While countless articles have been written about the differences between the two candidates, the Republican and Democratic Parties just released their official platforms, which details their dream agenda if they were to gain control of the White House and Congress. It should come as no surprise that they are far apart on energy issues.
Having entertained America for the past three days, overnight Donald Trump's rhetoric crossed the Atlantic and as the FT puts it, "has sparked a wave of alarm across Europe" as well as calls for solidarity from the head of NATO after warning that the US might not come to the defence of an alliance ally under attack from Russia if that country had not fulfilled its obligations to America.
"Is the S&P 500 cheap or expensive" - In trying to answer that question, BofA does the right thing and instead of giving a blanket statement, it looks at the 20 most important valuation measures, and finds that the market is overvalued, in some cases dramatically, according to 18 of of the 20 most popular metrics.