Can The Permian Push Oil Prices Down To $40?

Two analyst firms have revised upwards their production growth forecasts for the Permian, expecting oil output there to be 300,000 bpd higher by the end of this year...That’s the kind of consensus market players like to see, especially when it comes a couple of days after reports that investors are pulling out from the Permian.

Spitznagel: Why Cryptocurrencies Will Never Be Safe Havens

"Cryptocurrencies are a very important development, and an enormous step in the direction toward the decentralization of monetary power. This has enormously positive potential, and I am a big cheerleader for their success. But caveat emptor - thinking that we are magically creating new stores-of-value and thus a new safe haven is a profound mistake."

The Fed Issues A Warning As Household Debt Hits New All Time High

“While relatively low, credit card delinquency flows climbed notably over the past year. This is occurring within the context of loosening lending standards... The current state can be an early indicator of future trends and we will closely monitor the degree to which this uptick is predictive of further consumer distress.”

Speculation Of Bannon's Demise Floods The Media, Again

Bannon's imminent demise has been predicted by the media on so many different occassions since Trump moved into the White House that we've lost count.  Here's another prediction from the New York Times.

U.S. Restaurant Industry Stuck In Worst Collapse Since 2009

After 17 consecutive months of continuous declines for the restaurant industry - the longest stretch since 2009 - the end of the tunnel for the restaurant industry is nowhere in sight, and according to the latest monthly data, there was a sharp deterioration in the latest monthly data.

The Billionaire Bears Club

"The next crisis won’t start in the equity market, or even the high yield bond market. The next crisis will occur when Central Banks lose control of sovereign bond markets. I know that is exactly the opposite advice that the Billionaire Bears Club boys are giving you, but I don’t mind being on the other side of their trade... Economic weakness will just mean more printing, it is economic strength that should worry the equity bulls."