The trailing-52-week chart of this looks like a diamond ski slope. IOW an amazing low level of unemployment claims. 143.253 million employed. I'm not a big fan of Ben's helicopter money plan and don't know if that was the proximate cause, but I have ...

Jobless Claims in U.S. Rise in Holiday Week From Three-Month Low

Not sure what you mean by that. I was referring to the right of the Brits to hold a referendum on the subject without being maligned for the economic consequences of doing so.

Brexit could wipe 20% off the pound amid referendum turmoil, warns HSBC

... a NMI survey from a European based firm is NOT the "clearest sign" of anything. The only reason the US market responded at all to the Markit PMI survey is because US banks are so depressed from European currency devaluations that any spark will ...

We just got the clearest sign yet that something is wrong with the US economy

"dire consequences from a Brexit vote. " Probably meant to say "dire consequences from a Brexit. " ...the vote could go either way. OTOH if they are suggesting the public shouldn't even have the opportunity to voice their opinion on the subject then ...

Brexit could wipe 20% off the pound amid referendum turmoil, warns HSBC

Well, even if you're talking about ARAMCO, it still doesn't make sense. If you pump a well hard you get cavitation and long run diminished output. Why pump it out of the ground hard only to store it in costly tanker storage? A large producer would ...

Why oil speculators are turning to ships as floating storage

What is needed is wise government regulating speculative borrowing. If the 5 to 1 leverage ratio of stock markets in the 20's caused a catastrophe in the 30's then maybe the leverage ratio was too high and easy speculation profits came home to roost ...

Keynes’s General Theory at 80

Yeah, and on what market do you sell your six month old crude? Does it have to be tested for rust and sea water contamination? What harbour-master wants to take the risk of a storm washing your tanker ashore? How about Pirates... do you need ...

Why oil speculators are turning to ships as floating storage

If the Brits stay in, they should consider the next round of PIGS at the trough as part of the cost. Greece won't be the only beggar with palms up.

Europe Continues to Splinter: A British Exit Looms Large as Schengen Dies

CLJ16 April is 33.87 CLV16 Oct is 38.64 therefore contango is $5.77 I think that's six months difference. So at $1 per month storage, the speculator would lose 23 cents per barrel, compared to simply buying an October future contract. I don't get ...

Why oil speculators are turning to ships as floating storage

Whichever way you decide Brits, you'll always have friends here in the USA.

Sovereignty and Brexit

Oil is going up anyway, with or without a deal. Pols will next tell us that they made a deal with the moon so the sun would rise tomorrow. Let's see what oil does in July.

Venezuela says freeze deal could boost oil prices by $10-$15 dollars

"There were signs that Wall Street was looking to decouple from oil on Friday but these are only early signs." A general statement like that is interesting. Last month on the 20th was a crude futures close. Correlation between crude price and SPY ...

Sterling hit as potential for a Brexit rise

"If you speak to any real options trader..." OK, try trading SPY options when the FOMC reports and the market goes wild. See how that works out for you.

This $1.4 Trillion Investor Says Wild Markets Are Here to Stay

When long term yields fall and short term yields climb to parity, the markets are predicting recession.

A "Baffled" Bank Of Japan Is Shocked By Its "Message Of Despair"

.3% is core CPI, CPI was 0% and since we don't really live in a separate "core" world, it isn't much to hang your hat on. IOW don't look for a rate hike based on inflation, because there was none.

Firming U.S. inflation keeps Fed rate hike on the table

It doesn't help that much in options trading. The bid-ask spread gets too large and premium erosion is greater. And if an underlying moves too far from strike there is a smaller market.

This $1.4 Trillion Investor Says Wild Markets Are Here to Stay

The correlation between the change in WTI and the change in SPY is confusing. I prefer the straight up correlation between the price of WTI and the price of SPY straight up. That's also a lot easier to calculate with Excel CORREL(list1,list2). That ...

The relationship between stocks and oil prices

A mathematician, an accountant and an economist apply for the same job. The interviewer calls in the mathematician and asks "What do two plus two equal?" The mathematician replies "Four." The interviewer asks "Four, exactly?" The mathematician looks ...

Chilling ways the global economy echoes 1930s Great Depression era

It's also a question of local rule versus collective European rule. The value of that isn't easily quantified. I mean, how much local control do the Brits have to give up to become part of the grand European collective. It isn't just a question of ...

Brexit: The big numbers you need to know

Just as oil was overbought during the Chinese building spree, oil was oversold when it was over. And, this too shall pass.

Will Oil once again induce a market sell-off?