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Powell: “Now Is Not The Time To Be Concerned About Debt”

Powell: “Now Is Not The Time To Be Concerned About Debt” In what was perhaps the most illuminating soundbite from the Powell press conference, in response to a question about the sustainability of the US fiscal trajectory in general, and the soaring debt and deficit in particular – both of which the Fed is now […]

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“I Want My Life Back” – German Anti-Lockdown Protests Worsen

“I Want My Life Back” – German Anti-Lockdown Protests Worsen More than a thousand anti-quarantine protesters turned out for a rally in the German capital, Berlin, on Saturday, resulting in dozens of arrests. This is a continuation from last weekend as social decay worsens. Saturday’s protest saw mainly leftist activist but also a mix of right-wing folks. Police […]

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National Guard Deployed At Nation’s Food Banks To Ensure Stability During Unprecedented Times

National Guard Deployed At Nation’s Food Banks To Ensure Stability During Unprecedented Times  There is increasing evidence on social media that the National Guard has been deployed to the nation’s food banks to ensure food supply chain networks are not severed, and shortages do not materialize.  This comes at a challenging period for the country, […]

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In 2020 Oil-Exporters’ Income Will Plunge By Over $1 Trillion, Forcing Widespread Stock Liquidations

In 2020 Oil-Exporters’ Income Will Plunge By Over $1 Trillion, Forcing Widespread Stock Liquidations While any other time the plunge of WTI prices into negative territory last Monday would have been the story of the year, the fact that the financial press has already moved on and is focusing on whatever 100-sigma event du jour has hit, […]

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Here Is The Missing Manual For Defending Yourself Against Deplatforming And Cancel Culture

Here Is The Missing Manual For Defending Yourself Against Deplatforming And Cancel Culture Things are moving quickly. In the old adage “Never let a crisis go to waste”, governments everywhere are using the pandemic opportunity to: Rule by decree Stifle freedoms guaranteed under various rights and charters Enact mandatory surveillance Silence dissenting speech Their enablers […]

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As The US Rig Count Collapses Most Since 2014, Will The Fed Bail Out Oil Companies?

As The US Rig Count Collapses Most Since 2014, Will The Fed Bail Out Oil Companies? After a chaotic week in the energy complex, today’s data from Baker Hughes suggests American oil companies are finally starting to draw the line as rig counts collapse to their lowest since July 2016, having collapsed at the fastest […]

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Historic Oil Crash Sends Canadian Oil Prices Negative

Historic Oil Crash Sends Canadian Oil Prices Negative When Goldman’s crude oil analysts turned apocalyptic last month, writing that “This Is The Largest Economic Shock Of Our Lifetimes“, they echoed something we said previously namely that the record surge in excess oil output amounting to a mindblowing 20 million barrels daily or roughly 20% of […]

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Futures Plunge As WTI Crashes By Most On Record, Tumbling To $11 Per Barrel

Futures Plunge As WTI Crashes By Most On Record, Tumbling To $11 Per Barrel Oil prices crashed the most on record with the May WTI futures contract hitting its lowest level since 1999, plunging as low as $11 or down 38%, as nobody wants to take actual physical storage amid widespread fears crude storage will soon be […]

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Meat Prices Suddenly Surge As Food Processing Plants Shut Down, With 1000s Of Tons Left To Spoil

Meat Prices Suddenly Surge As Food Processing Plants Shut Down, With 1000s Of Tons Left To Spoil  As we pointed out earlier in the week, China-owned Smithfield Food’s decision to temporarily shutter the largest pork processing plant in the US, based in Sioux Falls, SD, due to a coronavirus outbreak is a much more significant even than […]

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Eric Peters: ‘Fed Isn’t Just Delaying The Inevitable Reckoning…It’s Making It Worse’

Eric Peters: ‘Fed Isn’t Just Delaying The Inevitable Reckoning…It’s Making It Worse’ As investors in the US and around the world confront the fact that the Federal Reserve is never really out of ammo, One River Asset Management Founder Eric Peters joined Erik Townsend for an interview on Townsend’s weekly MacroVoices podcast, which features in-depth interviews with […]

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WTI Crashes To 19 Year Low As Trading Reopens; S&P Futures Slide

WTI Crashes To 19 Year Low As Trading Reopens; S&P Futures Slide After a relatively drama-free weekend, futures have started off the new week lower by about 0.4%, trading at 2850, down 20 points from Friday’s CTA inspired and momentum-driven meltup which appears to be reversing as algos realize they have frontrun a rebound in not just […]

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It’s Not Just Toilet Paper, Seed Shortages Spread As Locked-Down Americans Turn To Growing Their Own Food

It’s Not Just Toilet Paper, Seed Shortages Spread As Locked-Down Americans Turn To Growing Their Own Food  Americans are panic hoarding plant seeds as the coronavirus outbreak confines millions to their homes, crashes the economy, and disrupts food supply chains. This has resulted in people questioning their food security. A Google search of “buy seeds” has […]

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After Deadly Easter, More Tornados Expected For South This Weekend

After Deadly Easter, More Tornados Expected For South This Weekend Severe thunderstorms and tornadoes are expected for much of the South on Sunday, including areas that are still recovering from last weekend’s deadly storm. “The highest probability will be on Sunday across many of the same areas that saw severe weather on Easter,” CNN meteorologist Dave Hennen […]

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Scientists Discover Alarming Coronavirus Mutation That Could Render Vaccine Useless

Scientists Discover Alarming Coronavirus Mutation That Could Render Vaccine Useless The prospect that SARS-CoV-2, the “novel” coronavirus responsible for causing the illness COVID-19, might be mutating and evolving as it spreads across the globe has been such a terrifying prospect for the scientific community, that medical experts like Dr. Anthony Fauci seem to avoid even […]

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Canadian Meat Industry Warns Of “Immediate And Drastic” Impact To Supply

Canadian Meat Industry Warns Of “Immediate And Drastic” Impact To Supply We have been covering the impact of coronavirus on meat processing facilities in the U.S. and now it looks as though Canada is feeling the shockwaves as well.  The country’s supply chain could come under pressure as industry leaders in Canada have warned of “immediate and […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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