-Profit-taking may be in play -Markets shrug off Hurricane Delta Crude oil prices were moving in negative territory after already-fading hopes for a US stimulus package ended. That came after warnings from the top bank official about necessary support. Across the Atlantic, meanwhile, and there are signs the European economy may be facing some … More The Daily Dose; Trump breaks the economy
-US economy is in stand-still mode -Hurricane Laura spares much of Texas, though don’t ignore its impact. A down day in the Asian markets spilled over into morning trading in the US to help drag the price of oil lower. Crude oil prices have barely moved mid-week as traders had already bet in the impact … More The Daily Dose; Economic Weakness Limiting Oil Gains
-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
The GERM Report 