Crude Gets Clobbered

Could a collapse in demand for crude oil be imminent? If the global economy weakens, then demand for crude oil would weaken. Perhaps this is what we're seeing here now, since a sharp increase in crude oil supply surprised the markets today, sending crude oil down almost $3 per barrel!

30-Year Yield Drops Below Fed Funds Rate

As if a collapsing stock market wasn't enough of a sign of trouble ahead, today, the Fed Funds rate on the 30-year dropped. This is an ominous new sign of further trouble ahead.