OPEC Oil Slick

"To finish off, OPEC or any such cartel will lose to human innovation. US rigs continue to rise, OPEC members due to budgetary pressures cannot stick to the weak and loose production cuts agreed upon. As we said back in March: 'Funny that, a cartel can work until real competition sends them packing. By that … Continue reading OPEC Oil Slick

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Bank with the Yanks

"Lean in here, just to hear an amazing number. Total average deposits clocked 1.3 trillion Dollars (in a low rate environment), up 7 percent relative to the first quarter of 2016. Total loans ticked up 4 percent to 958 billion Dollars, again, an eye popping number."   To market to market to buy a fat … Continue reading Bank with the Yanks

Jack is Back

"Mr. Market really liked the numbers, the stock soared over 7 percent to close just above 98 Dollars, a 52 week high. And seeing as all things China have been under pressure, the stock is up really smartly from the 57 Dollar low reached last October, and 60 Dollars in February this year. The company … Continue reading Jack is Back