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TWEAKING OUR FORECAST HIGHER

“It’s no longer enough to be the low cost producer in U.S. horizontal shale. EOG’s goal is to be competitive, low-cost oil producer in the global market.” – Bill Thomas, chairman of EOG Resources Inc., 2/16/16 KEY MARKET OBSERVATIONS AND...

OIL PRODUCTION FALLS FURTHER (U.S. & CANADA)

“I still think prospects for rate increases this year is the logical [view].”             -Jeffrey Lacker, Federal Reserve Bank of Richmond President, 2/24/16 FAST FACTS ABOUT TODAY’S ECONOMIC DATA: U.S. New Home Sales and Median Prices down in January. U.S....

OF COURSE THEY WON’T CUT PRODUCTION

“[Production freeze] is not like cutting production. That is not going to happen because not many countries are going to deliver even if they say they will cut production, they will not deliver. So there is no sense in wasting our time seeking production cuts.”...

RESERVES? OH, WE HAVE PLENTY

“The central bank is neither a god nor a magician, there is no way that we can wipe out all uncertainties.” Zhou Xiaochuan, governor of the People’s Bank of China, 2/13/16 KEY MARKET OBSERVATIONS AND IMPLICATIONS: China FX reserves fall by at least $99 billion in...

CHINA TRIES TO CURTAIL BAD BANKERS

“When I look at my December forecast and compare it with my outlook for unemployment and core inflation today, there’s virtually no change.” – John Williams, Federal Reserve Bank of San Francisco President, 2/18/16 FAST  FACTS  ABOUT  TODAY’S  ECONOMIC  DATA:...
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