Category: Finance

With inventories once again on the rise, demand set to seasonally tumble, and production on the rise, the lagged response to the bounce in crude prices continues in the US oil rig count, rising 3 last week to 374. This is the 8th rig count rise in the last 9 weeks. The 58 rig rise (+18% off the lows) is the fastest since Jan 2010. […]

Some of the world’s most successful fund managers are warning of red flags for the world economy. Here’s what they’re buying now

If there is someone whom I like to meet in my life, it shall be him! George Soros is possibly the most successful investor that ever lived. In fact, his return rate throughout his career has been greater than even the return rate of Warren Buffet. However, the two have very different views of what investments to make. You see, George Soros is largely a […]

Crude oil closed below $44.00 a barrel, suggesting there are underlying weaknesses not only in the energy sector but in the global economy. It is becoming more clear the Brexit vote was just enough to slow demand from a path of market balance to the perception of continued oversupply. The break that may put oil on a path to test $40 will also put more […]

over-priced equity markets will be a bigger driver for gold prices than negative interest rates around the world. large funds no longer care about long-term interest rates and are more focused on short-term performance.

In China’s spot foreign exchange market, the yuan is allowed to rise or fall by 2 percent from the central parity rate each trading day. a veteran foreign exchange analyst, said the low was expected, and how much further the yuan would slip is closely linked to the U.S. dollar index. If the index closes lower than 96.4 on Tuesday, the central parity rate of […]

A lot of monkeys lives near a village. One day a merchant came to the village to buy these monkeys! He announced that he will buy the monkeys @ $100 each. The villagers thought that this man is mad. They thought how can somebody buy stray monkeys at $100 each? Still, some people caught some monkeys and gave it to this merchant and he gave […]

The oil industry is damaged and higher prices won’t fix it because the economy cannot bear them. It is unlikely that sustained prices will reach $70 in the next few years and possibly, ever. The British exit from the European Union adds another element of risk for investors. Lack of investment will inevitably lead to lower production, supply deficits and price spikes. These will further […]

Germany issued a 10-year bond at a negative interest for the first time on Wednesday, selling more than €4.0 billion with a yield of minus 0.05 percent, the German central bank or Bundesbank said. Why would anyone buy a bond with negative returns when he can just keep cash? Whole central banking is turning senseless. First theory is central banks will buy back their bonds […]

Brexit shock may boost, not hinder, yuan internationalization Brexit could prompt Beijing to hedge its bets and foster more offshore yuan hubs across the EU, analysts said. “Frankfurt, Paris and Zurich are all very active in offshore yuan business,” said Ngan Kim Man, deputy head of treasury at China Everbright Bank’s Hong Kong branch.