Mexico

Vitol Warns U.S. Crude Exports Will Grow "A Lot More"

Rising production in the Permian, coupled with cheap pipeline and railway transport fees to the Gulf of Mexico, will enable the U.S. to significantly raise its already record-high crude oil exports.

US Import Prices Soar To 5 Year Highs As Fuel Costs Spike

Thanks to a surge in prices from Canada and Asia Near East, US Import Prices soared more than expected in February. The 4.6% rise is the highest since February 2012, driven by a 40.5% surge year-over-year in Fuels and lubricants.

Trump Won't Be Happy: US Records Biggest Trade Deficit In 5 Years

In a report that will be closely scrutinized by the trade-sensitive Trump administration, today the Department of Commerce announced that the January trade deficit surged in January 2017, jumping from $44.3 billion in December (revised) to $48.5 billion in January, as imports increased more than exports.This was the biggest trade deficit going back to early 2012.

Frontrunning: March 7

  • Trump’s New Travel Ban Replaces Chaos With Calm (BBG)
  • Indian Firms Look to Get Ahead of Immigration Curbs (WSJ)
  • Republicans unveil plan to dismantle Obamacare (Reuters)
  • Republicans Unveil Health Care Bill to Bridge Gaps in Party (BBG)
  • Wiretap Allegation Places Trump Nominee on Hot Seat (WSJ)
  • German, U.S. finance ministers to meet in Berlin next week (Reuters)

Does Technology Destroy Jobs? If Not What Does?

Technology always creates painful disruptions. But the correct approach is to do nothing. The problem is government and the Fed, not technology. The government is hell-bent on policies that destroy jobs and the Fed is hell-bent on producing inflation in a technological price deflation world. Blame the Fed and governments, not technology, for alleged “living wage” problems.