TyB
Of course the markets (Nikkei up 2% after a small rest) up but cooling off because muh bank hearings (how those Gold bars doing Bob!) which is just the latest dog and pony show as nuffin habbens-what do you expect them to say?…the truth?-after them but it looks good on TeeVee and there are moar central banks lowering and/or pausing rates than raising
Bank of Canada Keeps Rates At 5% As Expected, Drops Language On Rising Inflation Risks
The Bank of Canada kept its overnight lending rate at 5% for the third consecutive meeting - where it has been since mid-July and tied for the highest rate since April 2001 - in line with Wall Street estimates, and acknowledging a stalled economy while keeping the door open to further hikes as they watch for more progress on slowing inflation. Echoing similar dovish twists by other central banks, BOC officials said recent data suggest the economy is no longer in “excess demand” and their hiking campaign is dampening spending and price pressures. As a result, the statement dropped its October language about rising inflationary risks even as it reiterated that it was prepared to hike if needed. The more neutral language in the statement suggests the BOC is increasingly confident interest rates are restrictive enough to bring inflation back to the 2% target, similar to their peers at the Fed and ECB.(even with the fake data it is highly unlikely even that will show 2% anytime soon as the FOMC and it’s minion speakers have already said-covertly if you paid attention that 3% will be “acceptable” to them)Still, officials will want to see more progress on core inflation, which strips out the effect of more volatile items, before declaring victory. Before Wednesday’s decision, traders in overnight swaps were betting the bank would start cutting borrowing costs by the April meeting and lower the benchmark overnight rate to 4% by the end of 2024.(FOMC may cut in January but guaranteed in March so the whole “start cutting in late ‘24” is complete shit and said as much earlier this year)
Canada’s economy has stalled and consumption is weak. The unemployment rate has risen to 5.8% from 5% in just seven months, a loosening of the labor market that typically coincides with recessions. Just six weeks ago, the bank said the labor market remained “on the tight side,” but acknowledged on Wednesday they see it loosening. After temporarily reversing course due to rising gasoline costs, inflation decelerated to a 3.1% yearly pace in October. “The slowdown in the economy is reducing inflationary pressures in a broadening range of goods and services prices,” the bank said.
That said, prematurely declaring victory over inflation, only to have to restart rate hikes later, would be crushing to the central bank’s credibility. Headline inflation has been above the Bank of Canada’s 1% to 3% control range for 30 of the last 31 months — the worst record in the modern era of the central bank — and more than half of economists surveyed by Bloomberg say that has hurt the bank’s reputation.
https://www.zerohedge.com/markets/bank-canada-keeps-rates-5-expected-drops-language-rising-inflation-risks
Muh Oil is down another 3% plus so DOE buying Oil for SPR @ $79 (and dint get ANY discount for bulk as any good negotiator does this) but they paid spot and it’s dropped almost $9 since that done-way to go!!!
https://tradingeconomics.com/commodities
Muh JGB 10y in full deflation mode (muh Yen hovering around 147 vs USD) so they are taking advantage of it-reality-to drop it further as I’ve said for many years the BoJ will NEVER raise rates and now there has been so much stag/deflation they have set it up for the YE print to look much better
https://tradingeconomics.com/japan/government-bond-yield
https://www.wsj.com/market-data/stocks
And FUCK those CEOs-especially Jamie Dimon as the OCC allows them to add or subtract trillions in OTC derivatives in any given quarter and say “that’s ok” by doing nothing and just “report it”-saying “muh Stress Tests are hard”-the regulators allow them to mark many assets at mark-to-model (fantasyland) instead of mark-to-market (reality) and then it gets worse as there the “hold to maturity” accounting bucket that isn’t even looked at
>inb4 shiilz triggered by meme
He’s an actor
RINOs removes RINO
He just does a better job in his stage role
Remove them all
Russian AF RSD911 Special Flight Detachment Ilyshun 96 appears NE of Cuba heading to Havana from Moscow depart
911….
Russia Launches Its Mir Payment Cards in Cuba
https://money.usnews.com/investing/news/articles/2023-12-05/russia-launches-its-mir-payment-cards-in-cuba
>Mir Space Station
Mir’s Fiery Re-entry, March23, 2001
The storied history of the Mir space station includes collisions, a fire, and political change. But it also consists of unprecedented long-duration spaceflights and scientific studies – and without it, the International Space Station may never have been built. Nine ten years ago, the journey of the 15-year-old Russian space station ended. On March 23, 2001, Mir re-entered the Earth’s atmosphere near Nadi, Fiji, and fell into the South Pacific. The planned and controlled re-entry began when the engines of a cargo ship docked to Mir were fired causing the station’s orbit to brake, starting Mir’s descent. The video here shows both real and computer generated images of the breakup of the 143-ton station as it descended to Earth.
https://www.universetoday.com/60633/mirs-fiery-re-entry-march-23-2001/
>fuck this place
Still here for such a strong fee-fee statement
But that’s all you ever do
Please state your assertations again
Kek
SAM312 C40B WH NSO AC departed Austin Intl NW-arrived from Travis AFB, CA last night
Customs and Border Patrol CBP216 drone SW from Grand Forks AFB, ND
Same pattern every single daYour “tune” never changes
Easy to see if one is inclined
You should change it up a bit as you stick out HARD
Fail
Exxon Hikes Buybacks 14%, Will Buy Back $20 Billion In Stock Next Year
(Muh oil dropped below $70-down over 4% nao)
Today in "more money than God" news, Exxon Mobil announced it was going to hike its share buybacks by 14% upon consummating its $60 billion acquisition of Pioneer Natural Resources Co. Exxon plans to repurchase $20 billion of its shares next year, on a par with its main competitor, Chevron Corp., which also increased buybacks following its $53 billion acquisition of Hess Corp. in late October, Bloomberg reported on Wednesday.
Exxon said it intends to invest between $23 billion and $25 billion in capital projects in the upcoming year and that this investment aims to enhance its presence in North America's most productive oilfields and explore new reserves in areas like Guyana. Additionally, Exxon is also boosting its investment in low-carbon initiatives, the report says.
The company aims to reduce structural costs by $6 billion by 2027, adding to the $9 billion saved since 2019, the report says. It will also invest $20 billion in low-carbon initiatives, including lithium, carbon-capture, and hydrogen, by 2027. The acquisition of Pioneer significantly boosts Exxon's Permian Basin output, as we have noted.
And the buybacks come at a time when ESG and "green" investing are seeing major pushback. Recall, just 3 weeks ago we wrote about how CEO Darren Woods argued that attacking oil and gas would only slow the push to net zero. The head of the oil supermajor argued that turning big oil companies into “villains” would trap millions of people in the developing world in poverty, according to a Bloomberg report.
At the Asia Pacific Economic Cooperation CEO Summit in San Francisco in November, Woods said: “The solutions to climate change have been too focused on reducing supply. That’s a recipe, for human hardship and a poorer world.”
Instead he urged governments to “harness the industry’s capabilities for change”, Bloomberg reported. He suggested providing government funding for technologies that reduce emissions, such as carbon capture, until they become viable through market dynamics.
Moar
https://www.zerohedge.com/markets/exxon-hikes-buybacks-14-will-buy-back-20-billion-stock-next-year
https://tradingeconomics.com/commodity/crude-oil
Market capitalization of Exxon Mobil (XOM)
Market cap: $393.80 Billion
Finally a new persona you’ve applied to me
Congrats but you only have 2 moar you haven’t (and won’t use)
Kek
d67437
I’m heartbroken really
Kek
Yawn
Keep up
Already in Riyadh
Putin lands in Saudi Arabia in rare trip abroad to discuss Israel-Hamas war
https://www.theguardian.com/world/live/2023/dec/06/israel-hamas-war-live-updates-palestinians-killed-gaza-strike-as-israeli-military-idf-fighting-khan-younis-news?filterKeyEvents=false&page=with:block-6570a2598f08807d1ae12033#block-6570a2598f08807d1ae12033
>>20034102 lb