-US at war with itself as economy falters -German manufacturers see headwinds from US policies Crude oil prices were in rally mode after US data suggested a sizeable draw on commercial crude oil inventories. The threat of a tropical storm in the US south, meanwhile, is adding tailwinds to the price of oil. The market … More The Daily Dose; US Divisions Have Global Consequences
-More voices join the chorus singing a tune of unlikely recovery -Norway’s Equinor sees continued demand weakness The price for Brent crude oil was slipping away from gains in Asian trading early Friday after a weaker dollar supported the global benchmark overnight. Data, meanwhile, continue to show the market is clearly oversupplied and demand signals … More The Daily Dose; The Irony That Is the United States
-Europe overcomes its differences. Can the United States? -Weak demand and low commodity prices will stick around for awhile. A protracted battle in France finally paid off for the European Union, which passed a massive stimulus bill and adjusted its 2021-2027 budget to offset the deepest recession in generations. That’s good for a bloc-wide economy … More The Daily Dose; Markets Rally on EU Stimulus
The GERM Report 