Daily Archive: Wednesday, October 26, 2011

Valance Weekly Report 10.26.2011

Valance Weekly Report (To download PDF, right click link and select save link as) Highlights US – Consumer Confidence erosion mirroring Europe’s EU – Business and Consumer Confidence at cycle lows JN – Exports improve although domestic conditions remain weak UK – Manufacturers’ optimism dropped sharply CA – BoC cut its 2011/12 ...Read More

Crude Oil Update

Still seems to me that the idea that WTI appreciates to Brent as the Strategic Petroleum Reserve release winds down over the next few weeks is playing out as previously discussed. The WTI discount depends on a serious glut condition persisting, and the wind down of the approx 3.8 million barrels a ...Read More


Looks like Merkel is speaking purely for political effect, which may be all she’s capable of, unfortunately. Fact is, from the beginning, without the ECB ultimately writing the check, it’s all been in ponzi. And like all ponzi’s, it seems to work on the way up, and disintegrates on the way down. ...Read More