-Coca Cola shows us the economy isn’t doing well -Hurricane Laura was a bit of a nothing burger for energy. The price for Brent crude oil is on pace for a gain of around 2% this week, though much of that gain was due to the impacts of storms in the oil-rich Gulf of Mexico. … More The Daily Dose; Someone Get Brent a Pillow
-Up again, down again. Up gain, down again. -Belarus could be the next Ukraine. The price of oil is in stand-still mode as traders and investors take a wait-and-see approach ahead of Wednesday’s meeting of the committee monitoring OPEC curtailments. So far, parties to the agreement to trim some 7.7 million barrels per day from … More The Daily Dose; Wake Me Up When Oil Prices Get Unstuck.
-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 