According to several local and international news sources, Saudi Arabia has informed the U.S. of an imminent attack from Iran. This warning follows a report on Iranian state television showing Iran’s Supreme Leader, Ayatollah Ali Khamenei, telling a group of students marking the anniversary of Iran’s 1979 seizure of the U.S. Embassy in Tehran that …
Continue reading “Saudi Oil Assets at high risk of attack….. If it happens $200 here we come”
President Joe Biden made an apparently unscripted remark that there will be “no more drilling” under his watch, in response to someone in the crowd at his rally with Gov. Kathy Hochul (D-NY). The comments came after Biden wrapped up his official remarks at the election-themed event, which was intended to boost Hochul’s chances against …
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United Nations Secretary-General Antonio Guterres, who said the world “is on a highway to climate hell.” Sharm el-Sheikh, Egypt — The only way to “put an end to all this suffering” from “a highway to climate hell” is for the world to cooperate or perish, dozens of leaders were admonished as they gathered Monday for …
Another speech from another doctoral economist asshole! The Boston Fed chief says more tightening will be needed Smaller rate moves can help reach ‘sufficiently restrictive’ Boston Federal Reserve Bank President Susan Collins said monetary policy is entering a new phase that could require smaller rate increases while officials figure out how high rates need to …
Continue reading “Fed’s Collins Says Premature to Judge How High Rates Need to Go”
Federal Reserve Chairman Jerome Powell sent a clear signal interest rates will move higher and stay there longer than previously anticipated. Investors wonder if that means new lows for the beaten-down stock market lie ahead. “If we don’t see inflation start to come down as the fed-funds rate goes up, then we’re not getting to …
KeystoneXL could’ve weakened the bargaining position of OPEC and Russia this year. The U.S. would be less vulnerable to OPEC supply cuts and price swings if KeystoneXL would’ve been completed. The U.S. can’t afford to have policies that are hostile to North American energy companies. The U.S. is rapidly depleting our Strategic Petroleum Reserve (SPR) …
Continue reading “Killing Keystone was really Really REALLY STUPID!”
South Korea scrambled 80 fighter jets Friday after North Korea massed forces Around 180 North Korean aircraft were tracked close to the border with South Comes amid spiralling tit-for-tat escalations that show no sign of slowing down US and South fear that Kim Jong-un is building up to first nuclear test since 2017 South …
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Oil jumped above $90 a barrel as commodities and stocks in Asia rallied on optimism over China potentially easing its Covid restrictions. West Texas Intermediate futures surged almost 3%, putting crude on track for a second weekly advance, after rumors circulated on social media that China may change its Covid Zero policy. Oil got a …
Continue reading “WTI climbs to over $90 per barrel….. china easing lockdown restrictions”
Fed chair wants everyone to know that he’s going to fight inflation until it cries uncle Fed Chair Jerome Powell is learning on the job. He didn’t repeat the mistake he made in his July press conference, when he said some things that markets interpreted as signs that the Fed was wavering in its commitment …
Continue reading “Powell pivoted away from the Fed’s dovish message”
ADP Private Payrolls Rose by 239,000 in October, Defying Slowdown Forecasts The U.S. private sector picked up the pace of hiring again in October, defying expectations of a slowdown and potentially crimping the Federal Reserve’s ability to ease up on the pace of its interest rate hikes. Payrolls processor ADP said private-sector employment had risen …
Continue reading “U.S. payrolls rose 239,000 in October ADP reports”