Here is a look at some of the other oil market players that are finding themselves on equally dangerous dire straits. Oman Analysts may be overstating Oman’s role as a mediator in a volatile region, but make no mistake–Oman is…
$18 Trillion In Global Stimulus In 2020
Over $18 Trillion In Global Stimulus In 2020, 21% Of World GDP – the latest observations from BofA chief investment officer, Michael Hartnett who concluded that there is just one bull market to short – namely credit – “and the Fed won’t let…
Investor Legend Jeremy Grantham Is “Amazed” At This Unprecedented Stock Bubble
The generally cheerful investing icon Jeremy Grantham unleashed fire and brimstone, taking his $7.5 Billion portfolio to a net short position for the first time since the Global financial crisis, and summarizing his dire assessment of the current unprecedented situation…
Boeing: More 737 MAXs canceled and no passenger jets delivered
The devastating airline downturn effectively paralyzed Boeing’s passenger jet business in May. For the month, Boeing delivered a paltry four military airplanes, not one of those a passenger jet, and only took in new orders for a net gain of…
Qatar Airways will not take new planes this year or next
Qatar Airways will not take any new planes ordered from Boeing or Airbus in 2020 or 2021, Chief Executive Officer Akbar al-Baker said on Wednesday, adding there would be a knock-on effect on future deliveries due to the coronavirus pandemic….
The FED Has Monetized All Treasury Issuance In 2020
There is no more controversial entity in the US, more inflammatory yet out of the spotlight of public outrage, than the Federal Reserve: it is the FED’s actions over the past 108 years – and especially over the past decade…
US Signs Commitment For Mass Troop Exit From Iraq
he United States confirmed on Friday that it will discuss with the Iraqi government the status of its remaining military forces, stressing that it does not seek military bases or a permanent military presence in Iraq. According to a joint…
World’s First Passenger Drone Service At Luxury Hotel
An autonomous aerial vehicle technology company called Ehang has launched the world’s first commercial Urban Air Mobility (UAM) service in China. The EHang 216 drone can carry fly two human passengers, has been exhibited in China and Europe over the last several years. We noted in April…
El-Erian Warns: Bad Things Happen When Markets Front-Run The Economy
Governments need to ensure durable growth that benefits more than the well-off in society. For most of the last 15 years, the US economy has relied on a mix of public and private finance to liquefy financial markets, boost asset prices…
Volkswagen Management In Turmoil
As if Volkswagen didn’t have enough problems as it attempts to extricate itself from the coronavirus morass, the issue of its unsatisfactory system governance is rearing up again. CEO Herbert Diess lost his other job as head of VW brand…
Chesapeake Energy preps bankruptcy plan
In 1994, the Italian scientists discovered a new physical phenomenon – the production of energy in Ni / H reactions. These reactions were neither chemical nor nuclear. His work was followed by about 50 scientific teams, including such names as…
Euphoria Hits Dot Com Insanity High
Less than three months after markets were gripped by a historic bout of panic, dumping everything – bonds, stocks, gold, bitcoin – in a liquidation frenzy, euphoria on Wall Street is back to levels not seen since the dot com bubble…
NASA Announces “Lattice Confinement Fusion”
NASA Glenn Research Center published article Lattice Confinement Fusion: NASA Discovers Potential New Power-Generation Method. Excerpt: Lattice Confinement Fusion NASA Discovers Potential New Power-Generation Method A team of NASA researchers seeking a new energy source for deep-space exploration missions, recently…
World Trade Refuses To Rebound
The pandemic and ensuing lockdowns across the world have led to a recession, if not depression, unseen since the 1930s. It has resulted in unprecedented job loss and economic declines in both developed and emerging economies. Central bankers have spent the…
GE Aviation delivers first KF-X engine
The US-based powerplant manufacturer announced the milestone on 4 June, noting that the first F414-GE-400K engine was delivered in May. Korea Aerospace Industries (KAI) selected GE Aviation in May 2016 to partner on the KF-X project, with an initial 15…