Over 80% Of Young Adults Believe Economy Is 'Bad/Terrible' And We're Seeing The Consequences All Over America

WTI Extends Gains, Shrugs Off SPR Release Amid Crude Build, Dip In US Production Oil prices are higher this morning, shrugging off the well-telegraphed (and practically useless) SPR release. "Oil prices remain volatile and risk sentiment fragile and trading is on the headlines and rapidly evolving conflict in the Middle East," noted Neil Wilson, Saxo UK investor strategist. And while, the main drivers of crude prices remain more global, the domestic supply and demand situation remains noteworthy based on its impact on gasoline (pump) prices. API Crude -1.7mm (+1.1mm exp) Cushing Gasoline -1.8mm Distillates -2.3mm DOE Crude +3.82mm (+1.1mm...

Oil Explodes To 29-Month Highs After Trump Says "No Deal" With Iran Except Under "Unconditional Surrender" The war has entered its seventh day, but there could be a glimmer of hope for some kind of diplomatic-led offramp as Iranian President Masoud Pezeshkian indicated Friday that several countries have begun mediation efforts to end the war with the United States and Israel, but insists negotiations must confront those who started the conflict. "Some countries have begun mediation efforts. Let’s be clear: we are committed to lasting peace in the region, yet we...

We've Optimized Fragility, Failure, Denial, And... Rage Authored by Charles Hugh Smith via OfTwoMinds blog, What happens when optimization is itself the point of failure? In today's zeitgeist, everything must be optimized or we'll fail: our time, productivity, fitness, diet, supplements, career, income, wealth--everything must be constantly optimized lest we fall behind or fail. The grand irony is optimization generates fragility which generates failure which generates denial which eventually generates rage. We've optimized global supply chains for efficiency and cost, rendering them exquisitely vulnerable to disruption and collapse. We've optimized the global economy for "growth"...