The discovery of a new Covid strain slammed petroleum prices on Friday as overwhelming fears
of demand destruction enveloped energy markets, erasing gains dating back to August. This
… more

We at Notes From Underground on Oct. 31 wrote a post titled, "The Odious Designs of ECB Policy." It noted that during the ECB post-meeting press conference President Christine Lagarde said - in… more

Petroleum prices fell for a fourth consecutive week, the longest streak of weekly losses since March 27, 2020. After having reached seven-month highs a scant four weeks ago, prices are now at… more

Yra Harris & Kevin Duffy with thanks to Financial Repression Authority.

It’s been. another week in which headline inflation concerns has jolted markets, particularly in the interest rate space, but not as much as many investors and traders would have expected. The… more

Energy prices fell for a third consecutive week and third week in 12 as the looming threat of intervention by executive order from the US president to try to reduce energy prices dominated market… more

The U.S. and Canadian unemployment data both were somewhat stronger than expected. The markets were trading in focus with the robust U.S. data — equities higher, DOLLAR firm, and bonds trying to… more