Saudi's are offering to cut because they can't push prices lower to force any one else to cut and they know it. Their offer not to increase is meaningless and now they want to influence prices the other way and try to get something out of everyone. Iran, on the other hand may actually do a deal. After all they want prices to rise and I don't know what their production cap is. It may not be as large as people suspect.

I don't think the issue is dire. At worse we see oil come down $10 and if a deal is cut, no matter how minor it will make oil rise more than $10. But who knows.

Maybe a lot of old people died and left money to their heirs. That's the only way I can think this number could be close to accurate. Good call David and good article.

Not all equities are equal in a rising rate environment. Equities that rise with inflation may be hit with a broad selloff but will recover swiftly and rise as their assets increase in value with inflation and those out of them realize the horrible mistake they made with other investments. These will most likely be commodities that are needed regardless of what happens in the economy. Oil, fertilizers, etc. that are beaten down will look stunningly pretty in a inflationary environment as time wears on.

Strangely enough, some will even do well if inflation doesn't pick up as long as the economy doesn't crash.

Billionaires have the luxury to do that whereas most others don't if they want to retire. That said, I think moves towards increased cash are more a move towards the norm and safety after excessive allocations of capital into property and stocks after these past years which did well due to the Federal Reserve lowering rates to unsafe levels for a long period of time.

4 to 5% rental inflation is horribly out of alignment in a economy growing at 2.5% or less. This explains why job growth and minor salary increases have no effect on total growth and credit card debt is starting to inflate again.

It has long been known the Federal Reserve has been backed into a corner and will have to raise rates by the end of the year. I don't know why the market is shocked, but then again the market has been oscillating back and forth all year expecting rate rises that clearly weren't going to happen. Fed lies all had many people losing money trading when they need not have.

We will see what happens after they fractional rate rise. My suspicion is nothing again for a long while. In fact, a rate drop after the end of the year rise may be in the works before another increase.

Yawn recovery smothery. It looks like we are going back to the same old trading range again.

If it keeps falling it will be a good buy. Right now its mostly blowing off the run up it had. It is funny that its fresh food is having problems not its soups which are less appealing to the health conscious due to high sodium. Even so, we gobble them up and so Campbell is still a good long term play. Understandably the management is trying to diversify to growth. How they fare will depend on its upside.

Beware tech has been outperforming but it's very cyclical and you usually don't want to buy in at the end of the up cycle. What you miss you miss. Look for the new trend.

I agree that it isn't, but I certainly don't like where it's going. Socialist economics always begins with gross manipulation of banking which inevitably requires socialist intervention because standard economic signaling doesn't work and the economy suffers along with the people.