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EconMatters

By EconMatters Crude oil has been the center of energy-related headlines since 2H14 when it started its dramatic ‘normalizatin’ process while everybody (us included) seems to have forgotten about natural gas.  So we thought we should give an update on natural gas as well. Market Watch reported that May natural gas NGK15 settled at $2.49 per million British thermal units…

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By EconMatters
Whistleblower Program
The past week we have made markets safer by arresting the dangerous flash crash villain who was a threat to national security and the health of the entire financial market system. Like I always say when in doubt follow the money trail in identifying motives and what is really going on here in this Flash Crash …

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By EconMatters
Treasury, Fed, CME & HFT Community
Since there seems to be a fundamental lack of knowledge lately regarding market crashes, I thought I would explain what happened in the epic bond market crash of last year. It seems Treasury along with the Fed and various other players from the CME and the large financial institutions have been searching …

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By EconMatters Oil Glut Build in PAD3 Gulf Coast
Used oil barrels at a storage in Seattle PHOTO: REUTERS
As expected, EIA on Wednesday reported for week ending April 17, U.S. crude-oil inventories gained 5.3 million barrels to 489 million barrels, which is still the highest in at least 80 years, according to the EIA. Looking closer at each PAD region, almost…

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By EconMatters IBM has an interesting service — The Watson Personality Insights “uses linguistic analytics to extract a spectrum of cognitive and social characteristics from the text data that a person generates through blogs, tweets, forum posts, and more.” (h/t @WallStreet_Rant).  So we thought it’d be interesting to put EconMatters to the test.  We used one of our latest more formal…

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By EconMatters This evening, MarketWatch gave an update that the American Petroleum Institute (API) data  released late Tuesday (for the week ended April 17) showed U.S. crude supplies climbed 5.5 million barrels, more than double the 2.6 million-barrel increase forecast by analysts surveyed by Platts.  API also reported that gasoline stockpiles rose 1.1 million barrels, while distillate inventories climbed 1.7 million barrels.…

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By EconMattersPBOC Easing China is now firmly in stimulus mode when PBOC announced on Sunday to cut the reserve-requirement ratio by 1% to 18.5% effective April 20.  This is the second reduction this year and the largest since November 2008 during the global financial crisis. The reserve-requirement ratio represents the minimum fraction of customer deposits and notes that each commercial bank…

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By EconMatters
Storage Builds
Everyone this week focused on the slight production declines that this was a sign to go long oil, but what seemed to go under the radar was another build in both Cushing and the Gulf Coast storage hubs. Cushing added another 1.3 million barrels to weekly storage and stands at 61.5 million barrels. The Gulf Coast …

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By EconMatters WTI surged to close at $56.01 a barrel on Wednesday, while Brent closed at $62.86 after the US crude oil inventories showed a ‘less-than-expected increase’. The latest weekly inventory (week ending April 10) from EIA showed an increase of 1.3 million barrels, much less than the 10.9 million barrels of build from the previous week. The report also…

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By EconMatters There have been several interesting and significant events taking place in the West Pacific region since our last update about the island row between China and Japan in the East China Sea and a semi-sub rig of CNOOC in the South China Sea rubbing several neighboring countries the extreme wrong way. China’s Artificial Island Expansion New satellite images released in…

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By EconMatters
GE Underperforms Market
Jeff Immelt, feeling the pressure for a stock price that has vastly underperformed the overall market during his tenure as CEO at GE, has finally taken financial engineering to an entirely new level. Despite being in the era of Central Bank Liquidity and ZIRP, GE`s stock price can best be described as treading water. The stock is down almost 13% …

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By EconMatters Economists are forecasting 7% growth in China for this year, according to the Bloomberg consensus median, in line with government targets.  Although it is lower than the historical growth trend of China, any country (U.S. included) in the world right now would kill for a 7% GDP. So does this mean all’s well in China?  A Bloomberg Intelligence Analyst…

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