Freedom

Freedom Financial Archive | Originally posted Nov 17, 2022 The Philly Fed, a great forward-looking indicator, came out with a terrible number. The Empire Manufacturing Index was equally atrocious. Inflation isn’t going away any time soon, if these surveys are correct. Hi, I'm Mark Rossano, Editor of the NEO Report. Today we want to go […]

Freedom Financial Archive | Originally posted Nov 16, 2022 I always want to pat these people on the head and comment on their naivety. Who am I talking about? Those Western liberals who think the “Arab Spring” was a cry for freedom. It’s ludicrous. Over there, they don’t even call it the Arab Spring. They

Freedom Financial Archive | Originally posted Nov 14, 2022 When I’m driving with my wife, I hate making a wrong turn. It’s embarrassing to admit my mistake, turn around, and go the correct way. I try to avoid doing so until the last possible minute. And even then, I try to make it look like

Freedom Financial Archive | Originally posted Nov 11, 2022 Diesel Itself When you look at the distillate side, which is that middle cut of the cracker itself, we continue to see massive shortfalls. And just looking at the data today, we continue to be very short on the distillate side. But I think it's important

Freedom Financial Archive | Originally posted Nov 09, 2022 The US jobs market is showing some different signals we want to look at in terms of which one matters most as we go forward. There is a lot of disconnect between what the non-farm payroll is showing and what the household survey is representing. Essentially,

Freedom Financial Archive | Originally posted Nov 04, 2022 In our last daily, we talked about a few things. Let’s recap: We’re running out of diesel… fast. It’s difficult to get the required diesel to the Northeast because they don’t have the pipeline and rail infrastructure, nor enough Jones Act vessels available to receive it.

Freedom Financial Archive | Originally posted Nov 03, 2022 It’s easy to channel your “inner Seinfeld” and point at the Russians and Saudis for the diesel shortage. But in truth, it’s a tragedy of errors committed by US politicians – and US voters – that’s to blame. Diesel, diesel anywhere? Nor a drop to burn.

Freedom Financial Archive | Originally posted Oct 21, 2022 Houston, We Have a Storage Problem The natural gas backdrop remains supportive. But there is nothing in the cupboard! Near-record low inventories for this time of year have put a bid under the market, keeping the price of natural gas high. Below is a chart of

Freedom Financial Archive | Originally posted Oct 18, 2022 October’s Empire Manufacturing Index paints a dire economic picture going into year end. The end of the month always brings a plethora of data, especially from the regional Federal Reserve banks. Each section provides a broad overview regarding the health of the economy in their district.

Freedom Financial Archive | Originally posted Oct 05, 2022 The Old China Hand Shows His Pair of Deuces The Chinese data only strengthens the guidance we have provided about the consumer and general economic headwinds. The issues proliferate. The CCP official data confirms it. There have been studies done that show any Chinese data (good