Category: Daily Market Commentary

You may be thinking, why should I care about bank deposits? There are a couple of reasons, but first, consider that all money is lent into existence. The lending process and, therefore, money creation begins with bank deposits. As bank deposits shrink, as they recently have been, less money is created. As shown below, money […]

Crude oil prices tumbled Thursday as President Biden announced the DOE would release 1 million barrels of crude oil per day for 180 days, totaling 180 million barrels. The intention is to lower gas prices. While releasing more crude oil from strategic reserves may temper inflation, a few factors are worth considering. First, the International […]