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North Carolina Prepares For “Historic Storm;” Fears Of “Impossible Travel Conditions”
North Carolina Prepares For “Historic Storm;” Fears Of “Impossible Travel Conditions” Ed Vallee, head meteorologist at Vallee Weather Consulting, is now warning that a “severe winter storm” is about to hit parts of North Carolina this weekend. His forecast on Thursday, correctly pointed out that Winter Storm Diego was going to be a “historic storm in […]
U.S. Claims ‘False Flag’ Chemical Attack In Syria
U.S. Claims ‘False Flag’ Chemical Attack In Syria So apparently the U.S. government believes that chemical false flag attacks in Syria are possible. On Friday the State Dept. issued an official statement claiming “credible information” that refutes prior Syrian government and Russian claims of an opposition chemical weapons attack in Aleppo on Nov. 24. Aftermath […]
U.S. Flies Recon Plane Over Ukraine In Provocative “Warning” To Russia
U.S. Flies Recon Plane Over Ukraine In Provocative “Warning” To Russia The Pentagon confirmed Thursday it conducted a provocative military reconnaissance flyover of Ukraine following heightened tensions in the wake of the Nov. 25 Kerch Strait incident. Air Force OC A Pentagon official stated the rare flight was carried out under the international Open Skies Treaty […]
Dear Canada, WTF?
Dear Canada, WTF? Just hours ago, The Bank of Canada held rates steady and complained about various internal and external factors that were negatively impacting the Canadian economy… Holding rates unchanged at 1.75%, the BOC cited almost everything that has gone wrong: moderating global growth, a “materially weaker” outlook for the oil sector, a faster-than-expected […]
Oil Volatile As Iran Denies Reports It Agreed To Deal
Oil Volatile As Iran Denies Reports It Agreed To Deal Update (8:00 am ET): Oil prices spiked Friday morning before quickly fading after Reuters reported that Iran has agreed to the OPEC deal for 800,000 b/d of cuts – only for an Iranian delegate to swiftly deny that report, sending crude prices back from whence […]
“Historic Storm” To Bury Southern Appalachians In Snow; Expect Massive Travel Disruptions
“Historic Storm” To Bury Southern Appalachians In Snow; Expect Massive Travel Disruptions Ed Vallee, head meteorologist at Vallee Weather Consulting, has certainly been on his weather game this year. Last month, his forecasts correctly pointed to a number of cross-country storms and unprecedented cold weather that punished the East Coast. Now, his forecasts point to […]
Trump: “I Won’t Be Here” When The Coming Debt Crisis Goes Nuclear
Trump: “I Won’t Be Here” When The Coming Debt Crisis Goes Nuclear President Trump reportedly shrugged off concerns over the ballooning national debt, telling senior advisers in an early 2017 meeting “Yeah, but I won’t be here” when presented with “charts and graphics layout out the numbers and showing a “hockey stick” spike in the […]
France Deploys 89,000 Cops Amid Fears Of Yellow Vest Rebellion On Saturday
France Deploys 89,000 Cops Amid Fears Of Yellow Vest Rebellion On Saturday French authorities will deploy at least 8,000 riot police and gendarmes in Paris on Saturday, and 89,000 forces across the country according to the Prime Minister, as the Elysee prepares for “act four” of the Yellow Vest movement’s violent protests against the Macron government. In addition […]
China Outraged At Arrest Of Huawei CFO, Warns It Will “Take All Measures”
China Outraged At Arrest Of Huawei CFO, Warns It Will “Take All Measures” So much for a trade war truce between China and the US, or a stock market Christmas rally for that matter. Shortly after the news hit that Huawei CFO Wanzhou Meng — also deputy chairwoman and the daughter of Huawei’s founder — […]
Blain: “I Think The Global Trade War Is Now A Shooting War”
Blain: “I Think The Global Trade War Is Now A Shooting War” Blain’s Morning Porridge submitted by Bill Blain “Why So Serious?” I think the Global Trade War is now a shooting war. A few weeks ago one of my very smart CIO contacts warned me the real story of the year isn’t just the […]
Oil Crashes After Saudis Propose Smaller Than Expected Production Cut
Oil Crashes After Saudis Propose Smaller Than Expected Production Cut As if plunging equity futures were not enough for traders to worry about this morning, in the past two hours oil, which had rebounded heading into this week’s 2-day OPEC meeting, tumbled sharply, dropping as much as 5%, with WTI sliding as low as $50.23 […]
Loonie Slumps As Bank Of Canada Folds On Economic Enthusiasm
Loonie Slumps As Bank Of Canada Folds On Economic Enthusiasm Amid near-record-low Canadian crude prices and a housing crisis, The Bank of Canada appears to have finally given up its narrative that ‘everything is awesome’. The BoC walked back much of its enthusiasm about the nation’s outlook in a decision that kept interest rates unchanged, […]
Blain: “Are We Backing The Wrong Country In The Saudi-Iran Race”
Blain: “Are We Backing The Wrong Country In The Saudi-Iran Race” As excerpted from Blain’s Morning Porridge, submitted by Bill Blain Where do we go from here? I’ve said it a few times already – 2019 is likely to see the start of the New Market Reality. Although some pundits claim yesterday’s sell-off was due […]
Iran Again Threatens To Block Key Oil Transit Choke Point As U.S. Aircraft Carrier En Route
Iran Again Threatens To Block Key Oil Transit Choke Point As U.S. Aircraft Carrier En Route Here we go again: Iranian President Hassan Rouhani has once more threatened to close the Strait of Hormuz, which is vital to up to one-third of all global oil shipping as it’s a key transit choke point in the Persian Gulf. […]
Macron Folds: France Suspends Fuel Tax Hike After “Yellow Vest” Riots
Macron Folds: France Suspends Fuel Tax Hike After “Yellow Vest” Riots With his popularity rating at record lows (recent polls put it at around 26%, on par with Hollande), his capital city burning and the populists he defeated during his stunning electoral victory last year making serious electoral inroads, French President Emmanuel Macron finally caved, […]
