By: Ryan McMaken The money supply growth rate rose again in March, climbing to a 92-month high. The last time the growth rate was higher was during July 2012, when the growth rate was 11.5 percent. At that time, however, money supply growth was on its way down. The current upward trend has more in common […]
Archives for April 2020
June WTI crude futures plunge 43% to below $12 as oil has nowhere to go
Well, that was one ugly May contract for U.S. crude oil. After crashing more than 300 percent to -$37 on Monday, the May West Texas Intermediate (WTI) crude futures rebounded 124 percent to settle at around $10 per barrel. But that does not mean the industry is about to sing “Happy Days Are Here Again.” […]
The Federal Reserve’s moral hazard problem
By: Andrew Moran If Coronavirus has taught Wall Street anything, it is that it will always have a friend in the Federal Reserve – like a Randy Newman tune. The central bank might be shy and coy at first, but the chief occupants of the Eccles Building will always open their arms and give the […]
‘You absolutely love to see it’: AOC celebrates oil’s demise after historic crash
Oil prices endured a once-in-a-lifetime event on Monday as prices cratered 300 percent to negative territory. May’s contract for West Texas Intermediate (WTI) crude crashed to as low as -$36, which is the first time in history the price of oil traded in subzero. At the time of this writing, the expiring contract has rebounded, […]
BREAKING: Reports surface that Kim Jong-un’s health is in ‘grave danger’
Is North Korean dictator Kim Jong-un serious ill? A story is beginning to unfold about the North Korean dictator being in “grave danger” following a recent surgery, reports CNN. A U.S. intelligence source told CNN that officials are monitoring the situation in North Korea after the Supreme Leader missed the celebration of his grandfather’s birthday […]