Gunjan Banerji, Wall Street Journal, has a nice piece, here, on traders playing the possibility of negative interest rates in the US (but don’t forget
Ivy League Endowment… Bloomberg
Managing money isn’t easy... Here is Michael McDonald and Janet Lorin, Bloomberg: “Endowments at the richest schools have been shaving bets on U.S.
Oil Options Skew Strikes Again… CME Group
Here is a very nice post from the excellent CME on skew before and after the attacks on Saudi Arabia: ”One month after the drone attacks on Saudi
Energy consumption as percent of total spending… BCA
BCA research has a nice chart showing how important energy consumption is to consumers over time... Note that the last five shaded areas (recessions)
Synchronized Slowdown, Precarious Outlook… IMF
Here is the IMF on global growth, released earlier today: ”The global economy is in a synchronized slowdown and we are, once again, downgrading
Inflation measures… Calculated Risk
Many measures of inflation are up, but not the Fed targeted core PCE.... Here is Calculated Risk with a chart of selected inflation measures:
US Oil Production… The Daily Shot
From the Wall Street Journal’s “The Daily Shot”, US oil production:
IEA on oil demand…
The IEA’s Oil Market Report is out... Here is what they are saying about demand (my bold): ”In this Report, for both 2019 and 2020 we have cut our
Top energy traders bearish on crude… FT
David Sheppard, Financial Times, discusses oil price expectations with the heads of the top energy traders here: