This morning I woke up, and once again I read about President Donald Trump saying he will refill the US SPR with Crude Oil from Venezuela. I won’t be surprised if anyone in the oil industry takes a shot of Tequila every time he says that. Why? Because the US…
Category:General
TARIFF WARS: THE EMPIRE STRIKES BACK
I woke up, and the first headline I saw about what had happened in the US during my sleep was “We just increased tariffs on China to 104%” from President Trump. Once again, many people were caught by surprise, even though the US President had previously warned he would take…
IS IT WHEN MARKETS (STUPIDITY) CAN’T BE RATIONALIZED ANYMORE THAT THE FARCE ENDS?
Pension funds, already deeply underwater on their illiquid private equity investments that they piled into during #ZIRP years, are now taking up hundreds of billions in leverage to invest in $NVDA, $INTC, and other “hot” names. So far, no one has managed to convincingly rationalize this idiocy. Real estate developers’…