Risk level: Yellow RED: Severe (+/- 4%) ORANGE: High (+/- 3%) YELLOW: Elevated (+/- 2%) BLUE: Guarded (+/- 1%) THE BOOSTER SHOT -US energy goals are a fool’s errand -Brent won’t be in black because OPEC is back OPEC curtailments eased back as of Saturday as the cartel anticipates a slow rise in demand through … More The Myth of Independence
-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
-US jobless claims a bit worse than expected. -China posts growth in the second quarter. The market is having a latent response to the decision from OPEC to ease back on production curtailments, with Brent erasing gains from a previous session spurred by supply-side data. OPEC’s secretary general on Wednesday credited coordinated restraint along multilateral … More The Daily Dose; Second Economic Verse, Same as The First
The GERM Report 