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Tuesday, April 13, 2021
will-us-shale-trigger-another-oil-price-crash?

Will US Shale Trigger Another Oil Price Crash?

Authored by Tsvetana Paraskova via OilPrice.com,A year after the pandemic and the disagreement within OPEC+ over supply management crushed oil prices, the industry finds itself at an all-too-familiar crossroads: Will OPEC’s bet that U.S. shale’s “drill, baby, drill” is gone forever be right this time?  Analysts seem to concur that this is a safe bet, at…
march-deficit-blowout:-us-spends-3.5x-more-than-it-brings-in;-ytd-deficit-is-biggest-ever

March Deficit Blowout: US Spends 3.5x More Than It Brings In; YTD Deficit Is...

The covid crisis may be over (with nearly 60% of the population vaccinated, one would certainly hope it's over), but covid crisis spending is here to stay.At 2pm, the Treasury released its latest Monthly Treasury Statement which showed that in March, the US budget deficit exploded once again, surging to $660BN, up five-fold from a…
are-americans-really-going-to-spend-$2-trillion-in-“excess-savings”

Are Americans Really Going To Spend $2 Trillion In “Excess Savings”

In an article published last week, a group of Fed researchers argued that the high savings accumulated by US households over the last year might not be “excessive”. This, as most sellside researchers and most recently, Deutsche Bank rates strategist Stuart Sparks notes, is "an important claim because the reflation narrative posits that as the…
darpa-is-working-on-an-implantable-microchip-to-detect-virus

DARPA Is Working On An Implantable Microchip To Detect Virus

Authored by Steve Watson via Summit News,The Pentagon’s Defense Advanced Research Projects Agency (DARPA) is working on a COVID vaccine that will work on all variants and has developed an implantable microchip that it says will continuously monitor the human body for signs of the virus.Retired Colonel Matt Hepburn, an army infectious disease physician heading up…
gamestop-shares-hold-losses-after-reports-of-ceo-replacement-search

GameStop Shares Hold Losses After Reports Of CEO Replacement Search

In what is perhaps the largest shakeup since Ryan Cohen, the co-founder and former chief executive of online pet food company Chewy, joined its board in January, Reuters reports that GameStop is looking for a new chief executive to replace George Sherman as it pivots from being a brick-and-mortar video game retailer to an e-commerce…
biden-calls-for-‘peaceful-protest’-following-police-shooting-of-black-man-in-minneapolis-suburb

Biden Calls For ‘Peaceful Protest’ Following Police Shooting Of Black Man In Minneapolis Suburb

Update (1520ET): President Biden weighed in on Monday to the shooting death of a black man in a Minneapolis suburb, after the police chief said he believed the officer involved accidentally used a gun instead of a taser."I think we've got to wait and see what the investigation shows. The entire investigation. You've all watched,…
fed’s-bullard-says-75%-vaccination-rate-would-“allow-taper-debate”…-which-could-happen-in-just-two-months

Fed’s Bullard Says 75% Vaccination Rate Would “Allow Taper Debate”… Which Could Happen In...

And just like that the Fed's open-ended tapering discussion became event-based.Speaking on Bloomberg TV, St. Louis President James Bullard said that getting three-quarters of Americans vaccinated would be a signal that the Covid-19 crisis was ending, a necessary condition for the central bank to consider tapering its bond-buying program.When pressed on when will it be time to…
the-next-big-thing-in-nfts:-breaking-them-apart

The Next Big Thing In NFTs: Breaking Them Apart

Authored by Adriana Hamacher via Decrypt.co,In briefInvestors are coming together to pool their funds and profit from high-value NFTs through fractionalization.But NFT fractions are a legal gray area and could be seen as securities.How can regular investors afford the eye-watering sums NFT (non-fungible token) artworks and other collectibles are commanding? And how can they ever hope to…
small-business-closures-soar-back-near-pandemic-peak-as-“financial-hopelessness”-builds

Small Business Closures Soar Back Near Pandemic Peak As “Financial Hopelessness” Builds

Despite trillions in Fed "stimulus" and endless government handouts, John Stanford, co-executive director of the Small Business Roundtable, told CNBC this week that "it continues to be a very painful time for small businesses.""We have to remember, PPP was a bridge program," Stanford said."It was meant to keep people on the payroll, it wasn’t meant…
this-could-be-the-hottest-summer-ever…-for-freight

This Could Be The Hottest Summer Ever… For Freight

By Zach Strickland of FreightWaves,The Inbound Ocean TEU Volume Index (IOTI), which measures maritime bookings for twenty-foot equivalent units for U.S. imports, is set to hit an all-time high this week. The IOTI starts in January 2019 but  covers one of the most active periods in maritime shipping thanks to the pandemic. With imports being…
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