May 4th, 2012 by Belisarius (For The Week Ending April 27, 2012) Total collapse because of oversupply this winter followed by a rebound in recent weeks. Working gas in storage rose 28 Bcf from previous week. Consensus was at 29 Bcf. Storage level is massive 810 Bcf higher than same time year ago and way above 5-year average. Abundance…
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Charts, Contributors- Economic and Financial, Must Read, Tainted Alpha
U.S. Petroleum Weekly – May 4, 2012
by Belisarius • • 0 Comments
The oil price is holding up quite well despite weaker demand and higher stockpiles. The reason for that are tightness in the brent market (which reflects in other markets via. arbitrage) and geopolitical risks (mostly related to Iran nuclear program).
Charts, Contributors- Economic and Financial, Must Read, Tainted Alpha
April Challenger Job-Cuts At 40,559- Tainted Alpha
by Belisarius • • 0 Comments
Challenger’s count of layoff announcements was reported at 40,559 in April vs. 37,880 in March.
Charles Hugh Smith, Contributors- Economic and Financial, Must Read
Future Economy, Future Stability, Future Careers
by Charles Hugh Smith • • 0 Comments
Dissent, feedback, innovation and adaptation are the only sustainable sources of stability, prosperity and well-being.
Reader Michael K. recently asked one of the key questions of the next 20 years:
I would very much like to learn your thoughts…
Charts, Economics, Lee's Free Thinking, Must Read
ISM and New Factory Orders Charts Explained in Real Terms
by Lee Adler • • 0 Comments
As this data is updated monthly you can access the updated data from the Economic Charts menu in the lower left sidebar. Or just bookmark the permanent page. ISM New Orders Index Not Seasonally Adjusted The ISM not seasonally adjusted (in other words, actual) new orders index as of April 2012 has been diverging from…
Lee's Free Thinking, Must Read, Radio Free Wall Street
The Last Ponzi Game Standing
by Lee Adler • • 0 Comments
Lee Adler argues that the idea that US economic growth and European economic crisis proves that austerity is a bad thing is false. The US only looks good in comparison, because capital is flowing out of Europe to the last Ponzi game standing, the US Treasury market. The US Treasury magically and instantly converts foreign capital inflows into current spending creating the illusion that austerity is bad and profligacy and stealing from the future income of US taxpayers is good. Russ Winter chimes in on the flight of small investors out of US stocks, and away from the propaganda of mainstream TV financial infomercialism. This is a subscriber only podcast. If you are not a subscriber, click here to access the most recent free podcast posted on Monday, April 23. Subscribers can click the player at the bottom of this post (visible on Radio Free Wall Street main site only) to listen to today’s podcast, or use this link to download. If you are not a subscriber and would like to hear not only today’s podcast but all 8-10 podcasts each month, click here to start here to start your subscription. It takes less than a minute to complete the signup form and start […]
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Student Loan Debt Clock
by Newswires • • 0 Comments
This clock reports an estimate of current student loan debt outstanding, including both federal and private student loans. Total student loan debt outstanding exceeded total credit card debt outstanding for the first time in June 2010. The seasonally adjusted figure for revolving credit in the Federal Reserve’s G.19 report (current report, historical data) was $826.5…
Bruce Krasting, Contributors- Economic and Financial, Must Read
Got an Edge?
by Bruce Krasting • • 0 Comments
The 1st Q reserve numbers for the Swiss National Bank tell an interesting story. For a second quarter in a row, the foreign reserves have declined.
There is only one way that this could have happened; the SNB offloaded a portion of the EURCHF posit…
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Why U.S. house prices won’t recover – MarketWatch
by Newswires • • 0 Comments
The fact that this writer is still relying on the Case Chiller shows that he’s a bit clueless, but I found it interesting that prices were back to 1955, 1986 and 1895 levels in real terms. That seems like an argument to be bullish on house prices, not bearish. By Jack Hough When will U.S.…
Charles Hugh Smith, Contributors- Economic and Financial, Must Read
Where’s the Collateral?
by Charles Hugh Smith • • 0 Comments
A sound system of credit is built on collateral. A doomed system of debt sits precariously on phantom collateral.
The global “recovery” is based not on reducing debt but on increasing it. Nice, but where’s the collateral? The basic idea of de…
