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Wednesday, August 11, 2021

Is There Any Wonder There's A Southern Surge -- August 11, 2021

Southern surge: any wonder why folks are surging across the southern border, and up until a day or two ago, Canadians weren't allowed to cross the northern border. I'm sort of reminded of the answer Willie Sutton gave the FBI when he was asked why he robbed banks. On top of that, the vaccine is readily available. Why wouldn't folks want to come here? It's a good news story for someone.

China: crude oil inventories dropping. Short term, imports may have dropped due to slowing economic activity but long term, the tea leaves suggest there is going to be a significant supply/demand mismatch. If so, my hunch is that the mismatch won't last long. At $65-WTI, everyone wins.

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Something's Got A Hold On Me -- Etta James

Link here.

I had not noticed this before. There's an instrumental riff of four chords that are the same four chords seen in this video of James Brown.

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