Wars resolve the question of who’s in charge. Winston Churchill said once that “people talked a lot of nonsense when they said nothing was ever settled by war. Nothing in history was ever settled except by wars.” That should give us an indication of how to assess the waning influence of the United States on … More The Death of Kennan
-Dallas Fed sees signs of a modest slowdown. -India’s economy entered a technical recession. Crude oil prices wavered between gains and losses for much of the session on Wednesday, but the bulls were losing grip amid a trove of negativity. India is showing an increase in fuel demand, but its economy is also in recession. … More The Daily Dose; Tailwinds from vaccine prospects subside
-OPEC has two problems; supply and demand. -China looks inward for growth. It’s Election Day in the United States and crude prices are in rally mode. It has little to do with the U.S. contest, however, and more to do with OPEC. The production group has two clear problems; one is demand, the other supply. … More The Daily Dose; OPEC all-but certain to stand pat on production
The GERM Report 