"Approaching Unheard Of Inventory Levels": Exxon, Chevron Issue Apocalyptic Warning About What Happens Next To Oil

The Atomic Crab By Benjamin Picton, senior market strategist at Rabobank The Atomic Crab The Dow Jones hit a fresh all-time high yesterday, surging 1.73% to close at 51,562. The S&P500 posted more modest gains while the NASDAQ closed slightly lower as investors rotated out of some growth-oriented tech names and back towards healthcare and financials with more of a value or cyclical flavor. Treasuries traded in a narrow range to close with yields little changed, while European sovereigns mostly saw modest declines in yields with the slightest hint of bull steepening evident...

The French Never Wanted Mass Immigration Via Remix News, French leaders know how to manipulate their voters, but the voters are also apparently easily manipulated. Every leader from French President Emmanuel Macron to François Mitterrand in the 1980s has decried immigration numbers and promised a crackdown, all while allowing immigration numbers to continuously climb year after year. Here are just some relevant quotes: Emmanuel Macron said in 2023: “There is an immigration problem in France.” In 2016, then French President François Hollande said, “There are too many arrivals, immigration that shouldn’t be there.” In 2023,...

Exit Taxes Won't Save Failing States Authored by Vance Ginn via TheDailyEconomy.org, When a state starts floating an exit tax, it is telling you something more important than any campaign slogan: the people running the place know their model is not working.  They may not say it that way. They will call it fairness, responsibility, or making the wealthy “pay what they owe.” But the meaning is the same.  If families, entrepreneurs, and investors are leaving, the state can either ask why its policies are pushing them out, or it can try to tax...