It is the 16th of November 2019

News

Martin Shkreli: "Prison Life Isn't That Bad"

Martin Shkreli says prison life at the notorious “Club Fed” jail in Brooklyn isn’t all that bad.

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BLS Caught Fabricating Wage Data

While it's not the first time we have observed the BLS manipulate data (the last time was in "This Is What Happens When The Bureau Of Labor Statistics Is Caught In A Lie"), never before had we actually caught the Bureau Of Labor Statistics openly fabricating data. Until now.

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Which American Cities Will File Bankruptcy Next?

We harp on the massive, unsustainable, yet largely unnoticed, debt burdens of American cities, counties and states fairly regularly because, well, it's a frightening issue if you spend just a little time to understand the math and ultimate consequences.  Here is some of our recent posts on the topic:

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WTI/RBOB Extend Losses After Another Big Gasoline Inventory Build

WTI and RBOB have trended lower since last week's inventory data hit and today's API inventory prints (showing a decent crude draw but a relatively large gasoline build - biggest since January compared to DOE data) sparked some more weakness in both oil and gasoline prices.

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