This compilation of financial-related insights includes videos from Sean Foo, Michael Cowan, Tech Revolution, Stansberry Research, and ITM Trading.
Sean Foo begins with talking about Russia terminating the Black Sea grain deal which shocked the world. Michael Cowan talks about markets surging as the Dollar crashes. Tech Revolution mentions a bombshell from OPEC leaving the West terrified. Matt McCall and Jim Bianco joins Stansberry Research to discuss the years of zero interest rates are over. Lynette Zang talks about
Sean Foo
Jul 20, 2023
Russia has terminated the Black Sea Grain deal shocking the world. This move will make the inflation crisis worse and is an escalation of the economic war. Here’s what you must about Russia’s big gambit against the West using the food supply.
Michael Cowan
Jul 20, 2023
The Dollar Is Crashing & Markets Are Surging | Major Changes Explained
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Tech Revolution
Jul 20, 2023
Saudi Arabia and Russia, the powerhouses of the oil export game, are about to turn up the heat!
They’ve just announced even bigger cuts in oil production. Can you believe it? Amid worries about a global economic slowdown and the US Federal Reserve potentially raising interest rates, these guys are taking bold action.
The Organization of the Petroleum Exporting Countries and their members, including Russia, have joined forces in a pact to slash output by a whopping 2 million barrels per day, starting this November. And let me tell you, that’s the largest cut they’ve made since the chaos of the C---D-19 pandemic in 2020. It seems like they’re d--d serious about shaking things up.
So, OPEC and the parties involved made the big decision in an exclusive meeting in Vienna.
And as mentioned already, they decided to cut down on oil production. This move could change the game and give a much-needed boost to oil prices. You see, prices have been sliding down the slippery slope, going from $120 to a measly $90 in just three months.
People were freaking out about a global economic recession, rising US interest rates, and a stronger dollar. But hey, this decision might just turn things around. Now, nobody knows for sure if the cuts will include extra reductions from countries like Saudi Arabia, or if they’ll simply reduce the existing production.
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Brent crude jumped by 0.38 percent, reaching a sweet $92.15 per barrel. And US West Texas Intermediate didn’t want to miss out on the fun, climbing up by 0.29 percent to $86.77 per barrel.
After the meeting, Saudi Arabia’s Energy Minister, Prince Abdulaziz bin Salman, made it clear that the alliance’s main focus is to keep the oil market stable and sustainable. It’s like their number one priority.
So, on Wednesday, they decided to reduce oil production by a whopping 2 million barrels per day. These cuts are based on the current figures they already have. That means the reductions won’t be as significant because OPEC+ missed their output target by around 3.6 million barrels per day back in August.
Now, let’s talk about why they couldn’t pump out enough oil in the first place. We could trace it back to those Western sanctions. They put a dent in countries like Russia, Venezuela, and Iran. Plus, some producers like Nigeria and Angola faced their fair share of output issues too.
Prince Abdulaziz spilled the beans on the actual cuts. They’re aiming for a range of 1 to 1.1 million barrels per day. Then, Mohammed Al Suwayed, the CEO of Razeen Capital, sounded the alarm. He warned that this decision might worsen the global price increases that are already causing chaos in the world economy.
He believes that when they cut down on oil production, it makes the prices go up. But here’s the thing, this decision doesn’t seem to be based on the usual market stuff. It’s more about all these political and international things going on.
Hassan thinks that the current oil prices are influenced by all these geopolitical happenings, not the usual market stuff. And we might have to deal with even higher interest rates and inflation because of it.
He’s worried that with inflation going up and the economy being a bit shaky, people might not be as keen on buying oil in the next few months. That could throw things off balance, and we don’t want that to happen, do we? So, Hassan thinks we need to make some smart decisions and take action to keep the oil market steady in the short term.
In addition to everything, OPEC and its members have decided to change things up a bit. They’re going to meet up every two months now instead of the usual schedule.
Despite relentless pressure from the US to crank up the oil pumps, those OPEC+ folks were firm to make some cuts. US President J-------n, feeling quite annoyed, wastes no time in expressing his disapproval.
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His team, National Security Adviser Jake Sullivan and top economic adviser Brian Deese released a statement saying, “The president is disappointed by the shortsighted decision by OPEC+”
These supply cuts are hitting countries that are already struggling with high prices. The timing seems unfair considering the entire global economy is still dealing with the aftermath of the Russia-U-----e war.
While John Kirby’s remarks may have downplayed the significance of OPEC’s actions, it’s essential to acknowledge that different experts and analysts have varying viewpoints on the matter. In this case, analysts from the renowned US investment bank Citi have raised concerns and sounded the alarm bells regarding the implications of OPEC’s decisions.
Stansberry Research
Jul 20, 2023
Most people in the market believe that inflation is on its way down and that it will continue to drift lower into next year. But on this episode of Making Money With Matt McCall, Matt welcomes a guest who has a differing opinion. Jim Bianco thinks that inflation will remain “sticky.”
That may sound like ominous view on the economy and market. But Jim remains positive. He explains his viewpoints and discusses whether it could lead to a recession.
Matt and Jim also look bigger picture – diving into tech stocks and the artificial intelligence (“AI”) boom. Jim even shares some great insight on investing in a few AI-related stocks you probably haven’t heard of. Find out their names by tuning in now.
ITM TRADING, INC.
Jul 20, 2023
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The banking system is in the process of changing. And if you don’t pay attention to these changes, you will be absolutely blind sighted when the outcome is in your face. I’m about to expose the complete illusion of the Fed stress test and guess what? 23 banks that participated will cost. I’m going to show you what they are not taking into account because they are now allowing money to come out of both the banks and the corporation. And the banks are corporations, after all. Which means that in this next upcoming crisis, they’re going to be dependent on taxpayer bailouts. The ratio of liquid assets to deposits in the banking sector has declined six straight months. It’s time people wake up and see what’s happening.
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