Mark Spitznagel Warns "A Reckoning Always Follows"

"When we try enforcing stability by decree, a reckoning always follows. An unsustainable boom leads headlong to an inevitable bust... Such powerful interventions hurt the weakest and benefit the strongest (the holders of assets) as they create unsustainable, destructive distortions that ultimately lead to catastrophe."

  • Jan 17, 2018 9:55 AM
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What Selloff: US Futures Rebound Sharply, Dow 26,000 Back On Deck

While global shares pulled back in early trading from record highs on Wednesday, U.S. equity index futures are staging another comeback and point to a higher open on Wednesday following a volatile day of trading Tuesday which saw the S&P 500 have its worst reversal in two years.

  • Jan 17, 2018 6:59 AM
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Norway Desperately Needs Large Oil Discoveries

"...reduced exploration drilling and lack of big discoveries in the past two years, spell trouble for Western Europe’s biggest oil and gas producer after 2023, authorities fear..."

  • Jan 17, 2018 5:00 AM
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The New Cold War In 2018

"We have a pro-detente President who for the first time in history is not permitted to at least try because every time he has a sensible conversation with Putin, no matter whether it's face to face or on the telephone, he's accused not only by the traditionally crazies in American politics but by the New York Times of treason."

  • Jan 17, 2018 3:30 AM
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Euro Speculators Amass The Greatest Long Positioning Ever

The last week saw speculators in the EURUSD FX futures market added dramatically to their long positions. In fact, as Bloomberg reports, hedge funds and other speculative investors have amassed the heaviest long positions on the euro ever, according to the latest CFTC data.

  • Jan 17, 2018 2:45 AM
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