Bankrupt Venezuela Is Demanding Oil From JV Partners Without Payment

A cash-strapped, and bankrupt, PDVSA has resorted to siphoning oil from its cash-paying joint ventures with foreign firms to feed its domestic refineries: "PDVSA started requesting some cargoes from Petrocedeno. Now it is asking Petropiar to relinquish almost half of its crude production."

US Airstrike In Somalia Kills More Than 100 al-Shabab Militants

More than 100 al-Shabaab militants were killed Tuesday in the latest US airstrike in Somalia the Pentagon announced, the latest in a series of strikes against the al Qaeda affiliated group and ISIS fighters in the war-torn country meant to support the local government. This was the 29th such strike since the start of 2017, and 7th since November 9.

BTFGGC!?

Because nothing says BTFD like a good government crisis...

FCC Unveils Plan To Roll Back Net Neutrality Rules

"In 2015, the prior FCC bowed to pressure from President Obama. On a party-line vote, it imposed heavy-handed, utility-style regulations upon the Internet. That decision was a mistake. It’s depressed investment in building and expanding broadband networks and deterred innovation."

Peso, Loonie Spike On Positive NAFTA News

With NAFTA negotiations currently taking place, and NAFTA currencies very sensitive to every headline, both the Peso and Loonie suddenly spiked on a Bloomberg headline that suggests that talks just may be progessing in a favorable fashion.

Gold, Bonds, & Yen Surge As US Equity Markets Open

US equity futures were deleriously bid from the moment Europe opened overnight but as US equity cash markets opened, 'risk off' flows suddenly hit sending Yen, bonds, and gold kneejerking higher...

Yield Curve Carnage Continues

Forget inversions, the last four times the US yield curve was at these levels, the US economy was already in recession...

Our National Madness

Fakery and trickery are not solutions; they are a form of self-delusional madness that destroys the nation's ability to face reality squarely and choose real solutions, no matter how painful the choice and path might be.