![JeffSnider_EDU's tweet photo. 🟥HUGE move in oil prices confirm recession hit to demand.
THREAD:
1. Despite sustained restrictions to global supply, here we are just pennies away from CONTANGO all over again in WTI futures. That's already a big red flag.
2. Chinese imports of crude oil were weak in October, Europe is falling further into recession. Global demand for energy falling into a deeper hole.
3. Big problem is US demand reflected in renewed weakness in wholesale gasoline (RBOB) prices. In afterhours trading today, RBOB dropped to its lowest in over a year! [prices shown below are closing]
4. Weakness across energy space is merely confirming signals we've been seeing in other financial markets like interest rates. It's been more than two weeks showing the bond selloff (September effect) is over and fundamentals are back in charge.
5. Other bond markets are ahead in the post-September move. Germany's LT yields peaked over a month ago and rates there - which typically lead USTs out of the effect - are strongly showing increasing concerns.
6. Another crucial warning is the deepening inversion in the spread between the 3m and 6m UST bills. It had dropped sharply during bank crisis, rebounded in disinflation and is now back down almost to bank crisis levels again as macroeconomy hits the wall.
7. Energy market is coming down fast, curve collapsing back to contango confirming global signals in rates and other places. For the full video on all these, check it out here:
https://t.co/UuXQSzCQCR](https://pbs.twimg.com/media/F-YrXhWWsAAEA1K.jpg)
![JeffSnider_EDU's tweet photo. 🟥HUGE move in oil prices confirm recession hit to demand.
THREAD:
1. Despite sustained restrictions to global supply, here we are just pennies away from CONTANGO all over again in WTI futures. That's already a big red flag.
2. Chinese imports of crude oil were weak in October, Europe is falling further into recession. Global demand for energy falling into a deeper hole.
3. Big problem is US demand reflected in renewed weakness in wholesale gasoline (RBOB) prices. In afterhours trading today, RBOB dropped to its lowest in over a year! [prices shown below are closing]
4. Weakness across energy space is merely confirming signals we've been seeing in other financial markets like interest rates. It's been more than two weeks showing the bond selloff (September effect) is over and fundamentals are back in charge.
5. Other bond markets are ahead in the post-September move. Germany's LT yields peaked over a month ago and rates there - which typically lead USTs out of the effect - are strongly showing increasing concerns.
6. Another crucial warning is the deepening inversion in the spread between the 3m and 6m UST bills. It had dropped sharply during bank crisis, rebounded in disinflation and is now back down almost to bank crisis levels again as macroeconomy hits the wall.
7. Energy market is coming down fast, curve collapsing back to contango confirming global signals in rates and other places. For the full video on all these, check it out here:
https://t.co/UuXQSzCQCR](https://pbs.twimg.com/media/F-Yqo-WXoAEIXTE.jpg)
![JeffSnider_EDU's tweet photo. 🟥HUGE move in oil prices confirm recession hit to demand.
THREAD:
1. Despite sustained restrictions to global supply, here we are just pennies away from CONTANGO all over again in WTI futures. That's already a big red flag.
2. Chinese imports of crude oil were weak in October, Europe is falling further into recession. Global demand for energy falling into a deeper hole.
3. Big problem is US demand reflected in renewed weakness in wholesale gasoline (RBOB) prices. In afterhours trading today, RBOB dropped to its lowest in over a year! [prices shown below are closing]
4. Weakness across energy space is merely confirming signals we've been seeing in other financial markets like interest rates. It's been more than two weeks showing the bond selloff (September effect) is over and fundamentals are back in charge.
5. Other bond markets are ahead in the post-September move. Germany's LT yields peaked over a month ago and rates there - which typically lead USTs out of the effect - are strongly showing increasing concerns.
6. Another crucial warning is the deepening inversion in the spread between the 3m and 6m UST bills. It had dropped sharply during bank crisis, rebounded in disinflation and is now back down almost to bank crisis levels again as macroeconomy hits the wall.
7. Energy market is coming down fast, curve collapsing back to contango confirming global signals in rates and other places. For the full video on all these, check it out here:
https://t.co/UuXQSzCQCR](https://pbs.twimg.com/media/F-YqEAZWEAADYcD.jpg)
Olivia
Online
The Bitcoin Dad Pod
@bitcoindadpod
A weekly podcast that explores the news, technology, and social context around the bitcoin revolution:
on the blockchain
Joined February 2022
243 Following
279 Followers
723 Posts
@Satoshis_Dragon @bitcoinofficesv That's one of the weaknesses of chasing small countries that are so marginalized that BTC adoption makes sense: small country policy swings, you have very little political stability (though that's sort of a global problem now), and absolutely no recourse.
@reardencode Thailand is a bad place to be depressed
Seems like we were all wrong, the ECB has finally debunked bitcoin /s
https://t.co/q5Bv173XFI
Who to follow
Max DeMarco 
@itsmaxdemarco
Filmmaker & Co-Founder @21cstudios
Rapha Zagury
@RaphaZagury
CEO @twentyone $XXI | Founder @ElektronEnergy
Tony | thebitcoinway.com
@V4BTC
Educator @TheBitcoinWay_ · Bitcoin self-custody · Cybersecurity · Plan B · Helping you become a Sovereign Individual · Nostr: https://t.co/CVvtnNy6wm
@BTCcoalition_ca The story about the proposed bill to criminalize fossil fuel promotion was quite bizarre. There's now a response claiming that 'of course it won't criminalize free speech', but, um I read the bill, and it reads like it WOULD in fact criminalize speach...
https://t.co/nfunMEugej
ROFL. Just got 900 of the 1000 USD that MtGox owed me. Nearly a decade later. Had to give trashpal my SSN so they can snitch to the feds that I might owe income tax on my $100 loss over 10 years.
@nobsbitcoin Do you have a lightning node? @bitcoindadpod wants to put you in our podcasting 2.0 Boost splits to send some sats your way as thanks for the great work.
In the shownotes to my interview with Waxwing I mistakenly included a link to a join market scam page.
I have replaced the link with the joinmarket project github. Also, verify binaries and PGP keys.
https://t.co/wON3ut0nz3
Enjoying the waxwing interview on the @bitcoindadpod - check it out if you haven't.
https://t.co/DAiy8BeSel
@getAlby Why it's the @bitcoindadpod, of course. I think I hear them buzzing about @getAlby every week!
This would be the 'Satoshi head injury' defense. He's a real 5 dimensional thinker that Craig Wright. 🤡
TIL that Craig Wright wrote to the Bitcoin Foundation in 2014 asking to collaborate with them. This was despite the foundation's longest serving director, @gavinandresen, being influential in kicking Wright out of Bitcoin three years prior.
Only one of those statements is true.
"TL:DR
The only way out for governments that are completely fiscally understandable and are confronting debt markets that can no longer paper over these unsustainable policies is taxation through inflation and confiscation."
@bitcoindadpod
They are the same picture
@ChrisLAS @JZA @AdoptingBTC Bitcoin is FOSS and runs on Linux. They go together like peanut butter and jelly.
🟥HUGE move in oil prices confirm recession hit to demand.
THREAD:
1. Despite sustained restrictions to global supply, here we are just pennies away from CONTANGO all over again in WTI futures. That's already a big red flag.
2. Chinese imports of crude oil were weak in October, Europe is falling further into recession. Global demand for energy falling into a deeper hole.
3. Big problem is US demand reflected in renewed weakness in wholesale gasoline (RBOB) prices. In afterhours trading today, RBOB dropped to its lowest in over a year! [prices shown below are closing]
4. Weakness across energy space is merely confirming signals we've been seeing in other financial markets like interest rates. It's been more than two weeks showing the bond selloff (September effect) is over and fundamentals are back in charge.
5. Other bond markets are ahead in the post-September move. Germany's LT yields peaked over a month ago and rates there - which typically lead USTs out of the effect - are strongly showing increasing concerns.
6. Another crucial warning is the deepening inversion in the spread between the 3m and 6m UST bills. It had dropped sharply during bank crisis, rebounded in disinflation and is now back down almost to bank crisis levels again as macroeconomy hits the wall.
7. Energy market is coming down fast, curve collapsing back to contango confirming global signals in rates and other places. For the full video on all these, check it out here:
https://t.co/UuXQSzCQCR
![JeffSnider_EDU's tweet photo. 🟥HUGE move in oil prices confirm recession hit to demand.
THREAD:
1. Despite sustained restrictions to global supply, here we are just pennies away from CONTANGO all over again in WTI futures. That's already a big red flag.
2. Chinese imports of crude oil were weak in October, Europe is falling further into recession. Global demand for energy falling into a deeper hole.
3. Big problem is US demand reflected in renewed weakness in wholesale gasoline (RBOB) prices. In afterhours trading today, RBOB dropped to its lowest in over a year! [prices shown below are closing]
4. Weakness across energy space is merely confirming signals we've been seeing in other financial markets like interest rates. It's been more than two weeks showing the bond selloff (September effect) is over and fundamentals are back in charge.
5. Other bond markets are ahead in the post-September move. Germany's LT yields peaked over a month ago and rates there - which typically lead USTs out of the effect - are strongly showing increasing concerns.
6. Another crucial warning is the deepening inversion in the spread between the 3m and 6m UST bills. It had dropped sharply during bank crisis, rebounded in disinflation and is now back down almost to bank crisis levels again as macroeconomy hits the wall.
7. Energy market is coming down fast, curve collapsing back to contango confirming global signals in rates and other places. For the full video on all these, check it out here:
https://t.co/UuXQSzCQCR](https://pbs.twimg.com/media/F-Yr1oDWkAA3UID.jpg)
Good morning from San Salvador ☀️
It’s the last full day of @AdoptingBTC, and another packed day on the open source stage 😎
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