Oil Markets Archives - Capitol Development Account

FED MEETING LARGELY A NON-EVENT

In my view the FOMC meeting was largely a nonevent. The Fed left interest rates near zero and signaled it would leave them there through at least 2023. The Committee stated ...

17 September, 2020

A BRIEF EXPLANATION OF EXCESS BANK RESERVES AND MONETARY VELOCITY

Gold is at the highest level in almost 8 years. Oil is almost $41 barrel. The yield curve is the steepest in over five years. Many, me included, believe a reason for the above is the result of the exponential increase in...

23 June, 2020

AND WE THOUGHT 2016 WAS TECTONIC??!!

The flaws and fragility of France’s and more broadly Europe’s over reliance on global supply chains, from the car industry to smart phones and pharmaceuticals has been exposed. We must question this interdependence and the

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16 June, 2020

WILL THE LOCKDOWN CREATE A SIMILAR UNINTENDED CONSEQUENCE AS PROHIBITION?

Yesterday I commented about the politicization of re-opening. Several days ago, I referenced a story on Bloomberg that indicated 82% of small businesses wish to reopen. Conversely 90%...

21 May, 2020

OIL AND TRAVEL STOCKS LED THE ADVANCE

Equities led by oil and travel surged the most in about six weeks after promising early results for an experimental vaccine. Commenting about crude, China announced that its...

19 May, 2020

AS EXPECTED THE DATA IS HORRIFIC

As widely expected April’s economic data is horrific. Retail sales and factory output registered the steepest declines on record. Retail sales fell 16.4% and industrial production plunged ...

18 May, 2020

DIFFERING VIEWS OF REOPENING ABSENT OF A POLITICAL LENS

Earlier in the day, the Dow fell almost 400 points, the result of weekly jobless claims that exceeded estimates by over 500,000, increasing by almost 3 million. In eights weeks more than...

15 May, 2020

EQUITIES CLOSED NOMINALLY HIGHER

Equities initially fell for a myriad of reasons including escalated rhetoric against China over the corona virus. The President is prodding the nation to reopen for business while...

05 May, 2020

HAS A MAJOR POLICY MISTAKE BEEN MADE?

There is a growing number of analysts, politicians and “nonpartisan” reporters beginning to ask is the lockdown a major policy mistake. There have also been several influential epidemiologists stating Covid-19 is about as lethal as a bad ...

28 April, 2020

WHAT WILL BE THIS WEEK’S PREVAILING NARRATIVE?

What will be this week’s prevailing narrative? The decline in the number of deaths and cases? The extent of the economic calamity via the government mandated shutdown? The prevalence of a “second wave” in states that have decided to partially reopen?...

27 April, 2020