With Just 2 Weeks To Go Until 250th July 4th Celebration, How Much Higher Will Trump Pump Stocks

Have We Really Learnt The Lessons Of The GFC? Authored by Richard Ryan via BondVigilantes.com, It is 20 years ago this month that I sat in a pitch and listened to an investment bank describe their latest stroke of genius. In 2006, the Constant Proportion Debt Obligation (CPDO) was hailed as a financial innovation that appeared to offer something for nothing: a AAA-rated security paying a meaningful premium over cash. It was a structure that increased leverage as credit markets weakened. Investors embraced it because the future seemed visible. Credit spreads had been...

Key Aluminum Spread In London Hits Biggest Backwardation Since 2007 Aluminum futures in London surged to a four-year high on Monday as President Trump's Strait of Hormuz blockade, set to take effect this morning, threatened to deepen supply chain disruptions across the Gulf region. On top of that, the Gulf's largest aluminum producer declared force majeure on parts of its contract book over the weekend. Aluminum climbed 1.4% to $3,547 per ton on the London Metal Exchange as traders priced in increased shipment disruption risk ahead of President Trump's Hormuz blockade,...

Canada Just Admitted Justin Trudeau's Climate Agenda Was A Scam Authored by Andrew Moran via LibertyNation.com, Former Prime Minister Justin Trudeau gave Canada a lost decade. A key contributor to the country’s stagnation was the Liberal government’s obsession with climate change and its ushering in of green energy policies that were disastrous for a nation rich in natural resources. To make Canada great again, Prime Minister Mark Carney is abandoning climate alarmism and embracing what made the country wealthy in the first place: crude oil. Canada Loves Oil Again On June 30, the...