Coffee, Crude Tea or Me?
Summary
Discussion, critique and analysis of the potential impacts on equity, bond, commodity, capital and asset markets regarding the following:
Coffee, Tea or Me? is a book of alleged memoirs by the fictitious stewardesses Trudy Baker and Rachel Jones. The book depicts the anecdotal lives of two lusty young stewardesses, and was originally presented as factual.
Published to great fanfare in 1967, this piece of adult fiction went on to become a national and international best seller. Together with three sequels, Coffee, Tea or Me? sold more than 5M copies and was translated into a dozen languages.
Interesting codicil, this adult fiction series was actually written by a male American Airlines PR rep in NYC. One Donald Bain was inspired via a ghostwriting session with two Eastern Airlines stewardesses whose reminisces of their escapes were a bit thin. Bain managed to amply fill in the blanks and let the stews take all the book tour and TV glory.
After his initial anonymous success, the "Murder She Wrote" books were published with the "author" identified as the fictional character "Jessica Fletcher", played in the adapted TV series by Angela Lansbury, "with Donald Bain", who wrote them all by himself.
Proving that one thing can oddly lead to another and sometimes, things aren't quite what they seem. Along those lines...
YTD WTI oil has plunged -22%, and since November, coffee futures are in a 38% nosedive. Are these and other signs pointing to something other than the Fed and MSM narrative of a robust economy with tame inflation and minimal unemployment? Moving West...
Crude Mottled?
A crude model for Oil, pun intended… Economy – ; Oil demand growth = or – vs last year; /CL and /RB Inventory + vs. last year ; Price - ; DUH. Jeffrey P. Snider points out similar logic here. Baring exogenic shock, oil is lacking upside impetus for prices until demand growth substantially shrinks inventory growth.
Since Jan 1st, Crude has traversed from $54 to $42 or 22% and is at the price seen early last November. This was when OPEC and 10 other oil producing countries agreed to production cuts to combat a growing supply glut and push the market up.
Funny thing, OPEC just met again to extend those production cuts. Coincidence? Invoke Leroy Jethro Gibbs Rule 39. And last weeks resulting declines in oil? What do you expect when the Iranian oil minister opens his mouth about production cuts of 1.8Mbp, and says "reaching an accord to deepen the cuts would be difficult".
Why would he say that? Last week's appointment of new Saudi Crown Prince Mohammed bin Salman, known for his combative political and economic policies against fellow OPEC member Iran, placed the future of the supply cutting plan under increased uncertainty.
Dissension in the OPEC ranks, they should know better, as everyone knows this axiom holds true.
This missive was published as an exclusive to Seeking Alpha. To access the ENTIRE text for FREE on Seeking Alpha, please click here. The Nattering One does not receive remuneration if you register, only satisfaction.
There is no cost involved and it has been our experience that if you exert control (by unchecking a box of two) over your communications settings in your Seeking Alpha profile, your email inbox will not be polluted with one bit of Spam (not even the cured pork shoulder variety. Tasty even.)
As we are now a "contributor" at Seeking Alpha, our published articles, instablog and comments can be found here. Please continue to follow The Nattering Naybob here and at Seeking Alpha. We thank you for your support.
Discussion, critique and analysis of the potential impacts on equity, bond, commodity, capital and asset markets regarding the following:
- Last Time Out; Coffee, Tea or Me; Brent and WTI
- Faux Inflation; EU Banks; GDP; CPI; Coffee
- Corrective Correlations; The Death Cross
QE purchases ending in October 2014, were telegraphed in the July FOMC minutes release, which precipitated a 75% collapse in oil prices. This was the last time a death cross (50 dma crossing below 200dma) was seen in Brent or WTI Oil, until last week that is, when it's howling was heard again. - Fed Devil In The Details?Coffee, Tea or Me?
Coffee, Tea or Me? is a book of alleged memoirs by the fictitious stewardesses Trudy Baker and Rachel Jones. The book depicts the anecdotal lives of two lusty young stewardesses, and was originally presented as factual.
Published to great fanfare in 1967, this piece of adult fiction went on to become a national and international best seller. Together with three sequels, Coffee, Tea or Me? sold more than 5M copies and was translated into a dozen languages.
Interesting codicil, this adult fiction series was actually written by a male American Airlines PR rep in NYC. One Donald Bain was inspired via a ghostwriting session with two Eastern Airlines stewardesses whose reminisces of their escapes were a bit thin. Bain managed to amply fill in the blanks and let the stews take all the book tour and TV glory.
After his initial anonymous success, the "Murder She Wrote" books were published with the "author" identified as the fictional character "Jessica Fletcher", played in the adapted TV series by Angela Lansbury, "with Donald Bain", who wrote them all by himself.
Proving that one thing can oddly lead to another and sometimes, things aren't quite what they seem. Along those lines...
YTD WTI oil has plunged -22%, and since November, coffee futures are in a 38% nosedive. Are these and other signs pointing to something other than the Fed and MSM narrative of a robust economy with tame inflation and minimal unemployment? Moving West...
Crude Mottled?
A crude model for Oil, pun intended… Economy – ; Oil demand growth = or – vs last year; /CL and /RB Inventory + vs. last year ; Price - ; DUH. Jeffrey P. Snider points out similar logic here. Baring exogenic shock, oil is lacking upside impetus for prices until demand growth substantially shrinks inventory growth.
Since Jan 1st, Crude has traversed from $54 to $42 or 22% and is at the price seen early last November. This was when OPEC and 10 other oil producing countries agreed to production cuts to combat a growing supply glut and push the market up.
Funny thing, OPEC just met again to extend those production cuts. Coincidence? Invoke Leroy Jethro Gibbs Rule 39. And last weeks resulting declines in oil? What do you expect when the Iranian oil minister opens his mouth about production cuts of 1.8Mbp, and says "reaching an accord to deepen the cuts would be difficult".
Why would he say that? Last week's appointment of new Saudi Crown Prince Mohammed bin Salman, known for his combative political and economic policies against fellow OPEC member Iran, placed the future of the supply cutting plan under increased uncertainty.
Dissension in the OPEC ranks, they should know better, as everyone knows this axiom holds true.
This missive was published as an exclusive to Seeking Alpha. To access the ENTIRE text for FREE on Seeking Alpha, please click here. The Nattering One does not receive remuneration if you register, only satisfaction.
There is no cost involved and it has been our experience that if you exert control (by unchecking a box of two) over your communications settings in your Seeking Alpha profile, your email inbox will not be polluted with one bit of Spam (not even the cured pork shoulder variety. Tasty even.)
As we are now a "contributor" at Seeking Alpha, our published articles, instablog and comments can be found here. Please continue to follow The Nattering Naybob here and at Seeking Alpha. We thank you for your support.
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