by Summary:
End of quarter rotation so stocks went down bonds went up. Bull trend still intact. 
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End of quarter rotation so stocks went down bonds went up. Bull trend still intact. 
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
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| End of quarter rotation so stocks went down bonds went up. Bull trend still intact.  |
Great work Mike!!!
If the U.S is selling oil reserves. Why was Biden begging Saudi Arabia and Venezuela for oil ?
10:55
This is crazy, USA basically said they don't want oil under $100
Mike, somethings aren't making sense. My previous comment asking why is Biden begging for oil if as you say we are a net exporter? I found this trying to find the answer if we are a net exporter or importer;
30 Mar, 2022 17:22
HomeBusiness News
US ramps up imports of ‘banned’ Russian oil
"Purchases have risen to 100,000 barrels a day, data shows
US ramps up imports of ‘banned’ Russian oil
The volume of Russian oil imports by the United States has increased by 43% from March 19 to 25 compared to the previous week, according to a new report by the US Energy Information Administration (EIA). Data showed the US imported up to 100,000 barrels of Russian crude per day.
Imports had been suspended during the week of February 19 to February 25. However, in early March, the weekly supply of Russian oil reached its maximum value in 2022, amounting to 148,000 barrels per day.
The ramp up comes despite US President Joe Biden’s signing of an executive order on March 8, banning energy imports from Russia and new investment in the Russian energy sector. The US Treasury has set a deadline for the completion of transactions for the import of oil, oil products, LNG, and coal from Russia into the country until April 22.
In 2021, Russian oil supplies to the United States more than doubled compared to 2020, reaching 72.608 million barrels. That is 3.3% of the US’ total imports. Russia has also provided 20% of the total supply of petroleum products to the United States."
I also found: The U.S. is allowing an ag license, (fertilizer, seeds, live animals, etc), import from Russia as found on Treasury web site.
Https. Home. Treasury. Gov / system,/ files / 126 Russia _ gl6a. pdf
The US, "China, do you want $100 oil?"
China, "Russia has been selling me for $40.
The US, "I am going to sanction both of you, kick both of you out of SWIFT."
Love the content! Data rich! No fluff. Can’t get that everywhere
Great work as always Mike! Looking forward to next week's MMT Report! Hoorah!
Join our team! Mike rocks!
Do you think China and India buying cheap oil from Russia might bring down oil prices?
mike reminds me of my bestfriend from highschool, love both of them hahaha
Question for you Mike, have you noticed the supply disruptions as a whole getting better? I'm noticing things are starting to be in stock again. I'm even seeing some sales promotions again. I think that would be deflationary by nature. If bank credit is increasing that could mean higher sales till bank credit tapers off. It would also take time for consumers to use all the available credit to them. If wages and salaries are rising, people will have the capacity to get bigger loans. I would like to hear your thoughts on all this if possible…