The Lone Bear Calling For $65 Oil
02/10/2022 11:23 AMThe head of commodity analysis at Citigroup believes that there has been a ‘colossal failure’ when it comes to analyzing the fundamentals of today's oil markets. While plenty of analysts are calling for $100 oil, Citigroup sees oil prices falling to an average of $65...
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Stat of the Day
02/09/2022 2:03 PMHow high are crude oil prices really? Using inflation implied from global GDP deflator: The high of $147 in 2008 is equivalent to $222 today. The 2011 average Brent price inflation adjusted to today: $149.60 Pierre Andurand, CIO Andurand Capital
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Quote of the Day
02/09/2022 1:41 PM"Every protest that western authorities dislike will now be characterized as an 'insurrection' -- always helpful to be able to claim that there's a faction inside the country trying to overthrow the government, since that fear justifies any state power." Glen...
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TMX Group Canada to unveil crypto futures product later this year
02/09/2022 12:49 PMIn response to institutional investors' concerns about the risks of trading in a new asset class, TMX Group, Canada's major stock market operator, has revealed plans to launch its first-ever crypto futures product. While speaking to Reuters, TMX Group's John McKenzie...
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Canada’s population fastest growing in G7 thanks to immigration
02/09/2022 12:32 PMCanada’s population growth over the the past half decade has been largely driven by immigration, according to 2021 census data. Statistics Canada captured the Canadian population on May 11, 2021, five years after its previous census in 2016. The newly-released...
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Joe Rogan reportedly turns down $100 million offer to move his podcast: ‘Spotify has hung in with me, inexplicably’
02/09/2022 11:41 AMJoe Rogan said he's not leaving for Spotify for Rumble and its looser content moderation rules. The site, favored by the right, offered him $100 million to leave the streamer. After a standup set Wednesday, Rogen said "Spotify has hung in with me, inexplicably." Joe...
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Schachter’s Eye on Energy for February 9, 2022
02/09/2022 11:20 AMEach week Josef Schachter gives you his insights into global events, price forecasts and the fundamentals of the energy sector. Josef offers a twice monthly Black Gold newsletter covering the general energy market and 30 energy, energy service and pipeline &...
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Trading Desk Notes For February 5, 2022
02/08/2022 1:07 PMInterest rates surge higher everywhere Christine Lagarde surprised markets Thursday by opening the door to higher interest rates this year from the ECB. On Friday, markets were stunned by an unexpected (and suspect, given the massive “seasonal adjustments”) US...
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White House Launches Effort To “Recalculate” US COVID Hospitalization Numbers
02/08/2022 12:31 PMSince soon after the start of the pandemic, hospitals and public health authorities have refused to acknowledge the important distinction between patients being hospitalized with COVID and those being hospitalized (or those who eventually succumbed) because of COVID....
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Liberal MP decries ‘politicization’ of pandemic, questions federal policies
02/08/2022 11:44 AMA Liberal MP is speaking out against Prime Minister Justin Trudeau and provincial governments’ pandemic policies, and politicians’ handling of the ongoing trucker convoy protests. Joel Lightbound, the Louis-Hébert, Que. MP, held a press conference on Parliament Hill...
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