Howdydoody! I hope all is well, and that your 295th day of the year is filled with as much joy as this picture. Commodityworld(tm) is fun at the leanest of times, so a week filled with such velocitous (is a word, I checked) volatility and milestones with millstones is a glorious treat indeed. It is natural gas that is making milestones (with millstones round its neck), as it slowly sinks, making further prompt month lows (hark, forwards following). Crude has had a week more nutty than a Snickers bar, as a whipsawing US dollar and a splattergun of Chinese data have pinged prices round like a pinball (but amazingly, are flat on the week). US corporate earnings season is at its peak, hence all is well with the world, as company earnings results under-promise and over-deliver. Anyhoo. Wake up! Time to dine!
—NOAA’s La Niña (aka another winter of strange weather in the cards).
–Hurricane threat to Gulf is fading to zero, say meteorologists (err, who is Richard then?!).
–5 Halloween costumes you can make with stuff you already own.
–No (Euro) Shale ’til Brooklyn 2025.
–The economics of Seinfeld.
–For a first date, wear red.
—Global Hydro and Nuclear Power in Perspective.
–The gazillion dollar question… Marcellus Shale: a blessing or a curse?
–The Mafia goes green. (hat tip EB)
–Stick that in your vuvazela!
–The Economist asks, what are commodities telling us?
–First Spiderman, then Spider-pig, now Spider-goats.
The Burnt Burrito Award of the week goes to the French for their striking ways. When Lady Gaga cancels concerts as no-one has the gas in the tank to drive there, you’ve probably made your point.
The Burrito Deluxe Award of the week goes to the Federal Reserve’s monthly release of the Beige Book, which showed regional economic activity in the US increased at a ‘modest pace’…..we’ll take it!
Have a majestic weekend!