Fear Of The Signal: Why The State Urgently Wants To Bind Prediction Markets

"It's Pretty Tight": Vitol Chief Warns Of Global Fuel Squeeze As Refineries Max Out, Leaving Little Room For More Chaos Geopolitical risks in the Gulf pushed Brent crude futures toward $100 a barrel overnight as Yemen's Iranian-backed Houthi rebels launched new attacks on Saudi cities and economic infrastructure. At 7:45 a.m. ET, the US diesel crack spread remained above $101 a barrel as severe tightness across the world's refined-product markets continued, with a late-summer squeeze threatening to extend into fall and winter (twin crisis for Europe).  Notably, the global industrial economy...

China Economic Growth 'Downside Risk' Looms; Goldman Warns After July Macro-Miss-Fest China’s July activity data weakened from June, missing market expectations across the board, and signaling a soft start to Q3 amid continued divergence between resilient exports and subdued domestic demand. Originally slated for publication late last night (US time), the data release was delayed for five hours after the statistics agency revised its schedule in a break with recent practice. Industrial production (IP) growth slowed to 4.5% yoy in July from 5.3% yoy in June, reflecting slower export growth and...

TSA Agents Finally Get Paid After Trump Signs Order Summary: AP reported that, by early afternoon, TSA agents began receiving pay. Reuters reported that as many as 50,000 TSA agents would receive paychecks as early as Monday. Trump officially issued a presidential memorandum on Friday instructing DHS to pay TSA agents. TSA Agents Get Paid  AP News reports that most Transportation Security Administration (TSA) agents received paychecks on Monday after missing two paychecks during the ongoing government shutdown. Here's the headline from AP: TSA says most of its workers got paid Monday for at least...