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WTI Crude Plunges To $34 Handle After Record Gasoline Inventory Build

WTI Crude Plunges To $34 Handle After Record Gasoline Inventory Build Following last night’s API-reported large draw in overall crude inventories (year-end and exports driven), DOE reports a 5.09mm draw (more than expectations of a 4.1mm draw but less than API’s 5.6mm draw). However, Cushing inventories rose for the 9th week in a row (+917k) and more troubling […]

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Sucking Spoilt Milk From A Bloated Dead Sow

Sucking Spoilt Milk From A Bloated Dead Sow With US GDP growth ‘officially’ back where it belongs, in the Arctic zone close to freezing on the surface but much worse in real life, for reasons both Albert Edwards and Ambrose Evans-Pritchard (not exactly a pair of Siamese twins) remarked this week; that is, excluding the […]

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A New Red Flag for Our Rosy Economic Scenario

A New Red Flag for Our Rosy Economic Scenario Wholesale inventories balloon to Lehman-Moment levels. A lot of economists, particularly those quoted in the media, claim that rising inventories are a sign of confidence, that merchants believe that the future is rosy, that sales will be good. There is some truth to that. Merchants stock […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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