Unjustified $135 Oil and A Clueless Fed
Matching Saudi and oil executive Senate testimony...
Oppenheimer reported that the current record high oil prices are due to excessive speculation, and are not justified by supply and demand.
Analysts believe current fundamentals support oil prices at or below last years level of $65 per barrel.
Fleck has an excellent missive on deleveraging, why unemployment is 13.7%; and despite an economic slowdown, and why rates will continue to rise.
Further, he examines the Feds total disconnect with economic reality...
Last week Bennie & The Feds opined that the risk of a "substantial slowdown" had diminished.
Today, Jeffrey Lacker said downside risks to growth have "diminished" and reversing previous interest rate cuts makes "eminent sense" as the economy recovers.
Fleck examines why our clueless Fed will be helpless from here on in, a must read.
Oppenheimer reported that the current record high oil prices are due to excessive speculation, and are not justified by supply and demand.
Analysts believe current fundamentals support oil prices at or below last years level of $65 per barrel.
Fleck has an excellent missive on deleveraging, why unemployment is 13.7%; and despite an economic slowdown, and why rates will continue to rise.
Further, he examines the Feds total disconnect with economic reality...
Last week Bennie & The Feds opined that the risk of a "substantial slowdown" had diminished.
Today, Jeffrey Lacker said downside risks to growth have "diminished" and reversing previous interest rate cuts makes "eminent sense" as the economy recovers.
Fleck examines why our clueless Fed will be helpless from here on in, a must read.
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