It is the 27th of April 2017

News

"I'm Sorry, We'll Fix This": United CEO Issues Apology To Passenger And Everyone Else

Hopefully putting an end to the media circus that has gripped America's attention over the past 24 hours, the CEO of United Continental, Oscar Munoz, has finally apologized for the airline’s handling of a Chinese-American passenger who was forcibly dragged out of a flight in Chicago, an incident which caused media outrage and cost the airline over a billion dollars in market cap as traders dumped its shares on fears of a Chinese backlash.

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WTI/RBOB Extend Gains After Biggest Crude Inventory Draw Of 2017

WTI/RBOB prices jumped intraday on the heels of anonymous and ambiguous headlines about Saudi and OPEC production cut extensions and extended gains on API inventory data. After last week's surprise builds in crude (and at Cushing), API showed a 1.3mm draw in crude inventories - the biggest since Dec 2016. Gasoline and Distilates contonued their season drawdowns also.

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An Open Letter to President Trump on Tax Reform

The following article by David Haggith was pubished on The Great Recession Blog:

By Wallstreethotrod at English Wikipedia [Public domain], via Wikimedia Commons

If the @realPresident wants #realTaxReform, he should forget about trying to redesign the albatross, and go for a change so big that it’s completely transformative. Pursue a change that the swamp will have an epileptic seizure over. It’s bold, and it’s simple if you have the guts to keep it simple. It’s great.

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Hedge Fund CIO: "Expect Enormous Losses In The Next Correction As There Is No Price Discovery In Index Investing"

In today's excerpt from Eric Peters Weekend Note to clients, the CIO of One River Asset Management focuses on the one topic that is first and foremost on the minds of the active investing community: the unprecedented shift from active to passive management, and what it means for not only the industry, but for markets during the next "normal correction."

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Confusion In Bond World, As Eurodollar Shorts Hit New Record High Over $3 Trillion

One week after we observed the biggest monthly short squeeze in 10Y TSYs in history, it was a relatively calm week in the longer-end of the Treasury curve.

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