Perverse Incentives And The Rise Of Crypto

"Governments created cryptocurrencies... Policy decisions from the most mundane regulations to the bank bailouts pushed the alliance of hard-money advocates and cryptography experts together to form Bitcoin..."

  • Jan 18, 2018 10:59 AM
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WTI/RBOB Jump After Biggest Cushing Stock Draw On Record

WTI/RBOB prices have fallen after a brief pop on last night's API data but kneejerked higher after DOE reported a bigger than expected crude draw (9th straight week). Cushing saw its biggest draw ever and Distillates surprised with a draw as US crude production bounced back.

  • Jan 18, 2018 10:54 AM
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Philly Fed Slumps Near Weakest Since Dec 2016 As 'Hope' Tumbles

Having reached its highest since 2014 in mid 2017, Philly Fed has slid notably since and printed 22.2 in January - equaling the weakest since Dec 2016. 'Hope' took a big hit, dropping from 52.70 to 42.2, as new orders and employees weakened.

  • Jan 18, 2018 8:47 AM
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Housing Starts Crash In December

Housing Starts plunged 8.2% MoM in December (5 times worse than expected and the biggest drop since Nov 2016) and November was revised lower as it seems the exuberant steam is coming out of the housing 'recovery'.

  • Jan 18, 2018 8:38 AM
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