The Greta Thunberg angst rekindled interest in a Guardian article that ran a few months ago, in which author George Monbiot argued that the very nature of capitalism is “incompatible with the survival of life on Earth"...
"I don’t really think there’s enough ammunition left in the Fed’s chamber there to have a meaningful impact on the markets...traders are overestimating the ability of the Fed to rescue the market the way it has rescued it in the past..."
Markets were roiled last week as the much-watched ISM manufacturing survey fell further into contraction territory. Meanwhile, the IHS-Markit PMI showed that the manufacturing sector remained in expansion. Which one is right?
A new production record for Permian basin gas, and rising transport costs for crude oil into Asia, are top of S&P Global Platts editors’ picks this week...
The critical point here is that QE and rate reductions have the MOST effect when the economy, markets, and investors have been “blown out,” deviations from the “norm” are negatively extended, confidence is hugely negative...
