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So far thepetroleumpress has created 61 blog entries.
3 Aug, 2016

No One Wants to Bet on a Long-Term Prospect

By | August 3rd, 2016|Categories: Economics, Federal Reserve, Inflation, Interest Rates, News, QE4, Recession, US Dollar|0 Comments

"“As you move out on that spread, what you do is you create a definite bias towards producing and purchasing only those capital assets with short life expectancies. So what we’re seeing now is software is doing well; non-residential building isn’t doing well at all.” What’s valued is a quick turnaround. There’s no faith in [...]

31 Jul, 2016

Early Warning Signs of a 2016 Recession

By | July 31st, 2016|Categories: Economics, News, Recession|0 Comments

"UPS was just the icing on the cake. Capping off a week of gloomy commentary from American companies, the package-delivery giant — which arguably has a unique view into the global economy — said it too sees "head winds" in the second half of the year." Source: businessinsider.com

31 Jul, 2016

Collapsing U.S. GDP Growth Belies Rosey Forecasts

By | July 31st, 2016|Categories: Economics, Federal Reserve, Inflation, Interest Rates, News, Politics, QE4|0 Comments

"Even though the Dow is at new highs today, it’s at a two- to three-year low if you price it to real money, which is gold. Stocks are not going up, the value of money is going down and gold proves that. What hurt gold up until this year was the widespread [...]

30 Jul, 2016

Morgan Stanley Warns Currency Traders Worst to Come for Dollar

By | July 30th, 2016|Categories: Economics, Federal Reserve, Inflation, Interest Rates, News, QE4, US Dollar|0 Comments

"The dollar is set to fall 5 percent in the next few months, the Federal Reserve isn’t raising interest rates anytime soon and U.S. economic data is only going to get worse." Source: bloomberg.com

29 Jul, 2016

Fed’s Next Move is Rate Cut

By | July 29th, 2016|Categories: Economics, Federal Reserve, Inflation, Interest Rates, News, QE4|0 Comments

"They said they couldn’t raise interest rates without crushing the markets. They raised interest rates. The markets got crushed. The only reason the markets rallied back was because they stopped raising interest rates, which is exactly what I said." Source: schiffgold.com

28 Jul, 2016

Oil Prices to Stay Flat Until Mid-2017

By | July 28th, 2016|Categories: Economics, News, Oil Price|0 Comments

"The improvement in oil fundamentals remains fragile and continues to feature large offsetting forces: wildfires have helped offset surprisingly strong Iran production, slowing demand growth in India and China in 2H16 will help offset production issues in Nigeria and Venezuela and finally product builds have offset crude draws. Uncertainties in the near-term oil outlook thus [...]

27 Jul, 2016

Oil Prices Could Fall Into The $30s

By | July 27th, 2016|Categories: Economics, News, Oil Price|0 Comments

"The world remains oversupplied with crude oil, but the fact that it has become very oversupplied with gasoline is currently worrying the market. "The gasoline inventories are 10 percent above a year ago level, and that's feeding back into crude," said Greg Priddy, director of global energy at Eurasia Group. The real fear is that [...]

25 Jul, 2016

Dallas Fed Respondents Destroy “No-Doom-And-Gloom” Narrative

By | July 25th, 2016|Categories: Economics, News, Politics, Recession|0 Comments

"With President Obama determined not to allow the nation to believe in reality - proclaiming the error of the "doom and gloom" narrative - we found it fascinating that real Americans (as exemplified by Dallas Fed respondents) appear to see a different less 'exceptional' America." Source: zerohedge.com

19 Jul, 2016

Alberta Recession Is Its Worst In Modern History, TD Bank Says

By | July 19th, 2016|Categories: Economics, News, Oil Price|0 Comments

"The recession in Alberta will be its worst in at least three decades and will be among its longest as well, economists at TD Bank said in a new report. The bank recently downgraded its forecast for the province, following the devastating wildfires in the Fort McMurray area in May. It now expects Alberta’s economy [...]

19 Jul, 2016

Fed Is Not Data Dependent; It Is Propping Up Asset Markets

By | July 19th, 2016|Categories: Economics, Federal Reserve, Inflation, Interest Rates, News, QE4|0 Comments

"A former Federal Reserve president admitted the central bank created a phony wealth effect by pumping up stocks and other asset markets through its monetary policy. Several months later, analysis proved this was true, showing that 93% of the entire stock market move since 2008 was caused by Federal Reserve policy." Source: schiffgold.com

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