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Goldman Sachs: This Is The Next Big Risk For Oil

Echoing commentary published here during the weekend, overnight Goldman’s chief commodity Jeffrey Currie repeated his recommendation to overweight allocation to oil to “hedge against increased geopolitical risks, driven by elevated US-Middle East tensi…

The New Flagellants

Guest Post by The Zman Flagellation is the beating of the body with special implements such as whips, lashes, rods, the cat o’ nine tails, etc. Usually it was done involuntarily, but in the medieval period it became a voluntary form of penance. The Benedictine monk Peter Damian is credited with introducing self-flagellation as a form … Continue reading “The New Flagellants”

Let’s Be Like Japan!

Authored by Lance Roberts via RealInvestmentAdvice.com,

There has been a lot of angst lately over the rise in interest rates and the question of whether the government will be able to continue to fund itself given the massive surge in the fiscal defic…

Like Hoover and Dubya, will Trump eat his words about the economy?

Guest Post by Paul Brandus “The fundamental business of the country, that is the production and distribution of commodities, is on a sound and prosperous basis,” Herbert Hoover said on October 25, 1929. Oops. “The basics in the economy are good,” George W. Bush said on Dec. 4, 2007. Double oops. Both of these presidents … Continue reading “Like Hoover and Dubya, will Trump eat his words about the economy?”