Search Results for: fracking

How Good was the Payrolls Report Really?

Posted on by David Stockman
  A Lagging and Imprecise Indicator As we have pointed out in our most recent update on manufacturing data, last Friday’s payrolls report will eventually be revised out of recognition (in previous months, a number of reports have at first been subject to an upward revision, only to be revised significantly downward again a month […] Login or Join Now To Read More

Update On Ships, Trains And Trucks–Trade Is Hurriedly Heading South

Posted on by David Stockman
Over the past year we have regularly contended that a far greater threat to the global economy than either corporate earnings, currency devaluations, rate cuts (or hikes), reserve outflow, or even the stock market, is the sudden, global trade crunch which has been deteriorating rapidly since late 2014 and has seen an even more dramatic drop off as 2015 is winding down. Actually, that is incorrect: global trade is merely a manifestation of the true state of the above listed items. Login or Join Now To Read More

Ignore The Dead Cat Bounce: The Next Financial Crash Has Already Begun

Posted on by David Stockman
The 1st of October came and went without financial armageddon. Veteran forecaster Martin Armstrong, who accurately predicted the 1987 crash, used the same model to suggest that 1 October would be a major turning point for global markets. Some investors even put bets on it. But the passing of the predicted global crash is only good news to a point. Many indicators in global finance are pointing downwards – and some even think the crash has begun. Login or Join Now To Read More

US Economy Faltering———More Ominous Data Points

Posted on by David Stockman
  Something is Clearly Amiss in Manufacturing As we have pointed out on occasion of last week’s economic data update, we tend to focus on the manufacturing sector for a number of reasons. These are: 1. the manufacturing sector is in fact the largest sector of the economy in terms of gross output; 2. given […] Login or Join Now To Read More

Becoming China: Ghost ‘Man-Camps’ In North Dakota

Posted on by David Stockman
Nothing highlighted a malinvestment-driven "if we build it they will come" boom (and subsequence complete bust) better than China's so-called "ghost cities." But now, thanks to The Fed's "lower for longer" enabling of every and any zombie company in the world, many previous oil-boomtowns across Texas and North Dakota are facing a real-estate crisis. As Bloomberg reports, the former bustling "man-camps" of towns like Williston, ND are now desolate with hundreds of skeletons or wood & cement as predictions that fracking would sustain production and a robust tax base for decades have failed completely. Login or Join Now To Read More

Fed’s New Slogan: We Have Met The Enemy And He Is Us

Posted on by David Stockman
If the consequences for the economy were less important one couldn’t help but be amused by the predicament in which Janet Yellen finds herself today. She and her fellow Fed travelers have been “preparing” the market for a rate hike for nearly a year and now it is that very preparation that has kept them... Login or Join Now To Read More

Oxy Petroleum’s Spin-Off Scam——-Bursting Corporate Debt Bubbles That Janet & Posse Never Notice

Posted on by David Stockman
Stockholders and bondholders in the deal are now getting their hands burned off. Login or Join Now To Read More