The United States consumed 20.25 million barrels of oil per day in 2023, 3.88 million of which come from Canada and 3.38 million from Alberta lol

 

  What could possibly go wrong?

... Canada is the fourth largest oil producer in the world and Alberta is the country’s biggest producer. Some 97% of the country’s 4 million bpd of oil exports went to the U.S. in 2023 with several European nations and Hong Kong taking the remainder, according to Canada’s energy regulator. Alberta supplied 87% of the oil exported from Canada to the U.S. in 2023. ...

[Alberta Premier Danielle] Smith said Canada is looking at three different pipeline proposals to its West Coast, at least one pipeline into the Northwest Territories, one into Manitoba, one to the Hudson Bay, and one into Eastern Canada.

“Those are conversations we were not having three months ago,” [provincial energy minister Brian] Jean said of the pipelines. ...

More.

1Q2024 GDP, third estimate, up $1.455 trillion nominal year over year, US debt to the penny up $3.128 trillion

 

The obscenity of US national debt at $34.5 trillion notwithstanding, the value of grand total foreign ownership of it is up almost $529 billion year over year in March 2024 to a record high of . . .

. . . $8.091 trillion.

An almost 7% increase.

Here.

Meanwhile:

Bridgewater Associates founder Ray Dalio told the Financial Times a few days ago that he is concerned the soaring U.S. debt levels will make Treasurys less attractive “particularly from international buyers worried about the US debt picture and possible sanctions.”

So far, that hasn’t been the case: Foreign holdings of U.S. federal debt stood at $8.1 trillion in March, up 7% from a year ago, according to Treasury Department data released Wednesday. Risk-free Treasurys are still seen as an attractive place to park cash, but that could change if the U.S. doesn’t rein in its finances.

On an average monthly basis, yields on all UST peaked for this cycle last October, save for 1Y which peaked last September.

What, me worry?

 

S&P 500 finished the day down 20.38% from the January high

 

The fastest vaccine to go from development to deployment was the mumps vaccine, from 1963 to 1967

 

 

Pfizer and Moderna want FDA approval in less than two?

What, me worry?

In 2020 global debt to global GDP soared to 356%

Global debt finished 4Q at $281 trillion:  3.56x = $281 trillion, so x = $78.93 trillion global GDP.

US GDP in 2020 was $20.9 trillion, TCMDO was $83.49 trillion (almost 400%).

What could go wrong, right? You are fully invested in stonks, amirite?!

The problem is that the global corporate sector has been caught in the COVID-19 shock with unprecedented levels of financial leverage; global debt on non-financial corporations was $71 trillion at the end of 2018, representing 93% of global GDP.

 

 

 

Five weeks out from Election 2020 Biden is ahead of Trump by as much as Hillary was ahead of Trump five days before Election 2016

What, me worry?

What, Me Worry?