BlackMask Breaking News

https://youtu.be/GA0EOsU2l0U (Bloomberg) — Profits and losses aren’t usually thought of as a consideration for central banks, but rapidly mounting red ink at the Federal Reserve and many peers risks becoming more than just an accounting oddity. The bond market is enduring its worst selloff in a generation, triggered by high inflation and the aggressive interest-rate …

Continue reading “Fed Is Losing Billions, Wiping Out Profits That Funded Spending and make interest payments on the national debt governments biggest outlay!”

  Data was reported last week by the federal government on diesel inventories that was historic in the magnitude of the change from the prior week. It could mark a shift in the weak diesel market that has benefited carriers and drivers for several months.  Ultimately, the price of diesel will be set primarily by …

Continue reading “Diesel Fuel supplies at lowest levels EVER”

4 Months ago Janet says inflation is a crises.. Now she says its not that bad. Oh i forgot she is a political hack and following the latest political line United States Treasury Secretary Janet Yellen asserted on Friday that soaring inflation wasn’t “embedded” in the economy yet, noting research and investments into the chip …

Continue reading “US inflation not embedded in economy, Yellen insists”

Analysts are becoming increasingly concerned about where oil prices might head following the midterms. The looming EU embargo on Russian oil could send prices significantly higher. The White House’s newly released policy aiming to “strengthen energy security, encourage production, and bring down costs,” fails to address one key issue; underinvestment. With everyone obsessing over UK …

Continue reading “Oil Could Surge Well Above $100 After Midterms”

A total of 83% of likely U.S. voters are concerned about the high gasoline and home heating fuel prices, according to the latest Rasmussen Reports nationwide survey. “With the midterm elections less than three weeks away, most voters are still worried about high gasoline prices and give President Joe Biden low marks for his energy …

Continue reading “Americans Are Concerned About High Gasoline And Energy Prices”

The Dow rallied Friday, to close out its best week since June as hopes that the Federal Reserve could slow the pace of rate hikes helped cool the surge in Treasury yields and bolstered growth sectors of the market including tech. The Dow Jones Industrial Average gained 2.5% or 748 points, the Nasdaq was up …

Continue reading “US stocks end best week since June, Dow closes 750 pts higher as Hopes on Slowing Hikes Emerge”

U.S. Treasury yields from two to 30-years surged to new cycle highs on Friday as futures markets priced the Federal Reserve’s peak ‘terminal rate’ next year at over 5% for the first time. With the Fed entering a silent period from next week ahead of its November policy meeting, the hawkish message was unchanged from …

Continue reading “Next crises soaring interest rates US debt payments Costs crushing economy”

Britain will have a new prime minister by next Friday as Liz Truss announced her resignation after just 44 days in office. Ms Truss, who will become Britain’s shortest-serving prime minister ever, said the “situation” no longer allowed her to command the confidence of her Conservative MPs. Her speech came after a chaotic six weeks …

Continue reading “British PM Liz Truss resigns…. good riddance.”

WASHINGTON — President Joe Biden announced Wednesday that he would authorize the sale of more oil from the country’s Strategic Petroleum Reserve (NB: This is oil they already committed to see…. its not more oil)  as his administration scrambles to rein in high gas prices before the midterm elections. Speaking at the White House, Biden …

Continue reading “Biden Boondoggle…..US to sell 15 million barrels of oil from SPR right before the elections”

U.S. crude oil inventories fell by more than expected last week, according to the Energy Information Administration (EIA). Crude oil inventories dropped by 1.725 million barrels, against expectations for a build of 1.38 million barrels, the EIA reported. The crude stockpile build came on the back of a drawdown of 3.6 million barrels from the …

Continue reading “US crude inventories down by 1.7 million barrels – EIA”