Webster's defines paradox as "a seemingly absurd or self-contradictory statement or proposition that when investigated or explained may prove to be well founded or true."
With the global economy in a grinding half-step mode, or even worse, depending on one's vantage point, you can bet the last thing bureaucrats want is a surprise spike in energy prices.
Oil prices softened Wednesday after the the Yellen Report reached the market and official reports of a larger than expected increase in U.S. crude stocks. Just the day before brent crude rose on rumors of OPEC cutting production going into next year of about 500,000 barrels per day.
The price of oil is critical to Saudi leaders. If the price drifts down too much there will be a lot of squirming going on there, for sure. And the call for harsher sanctions against Russia by blowhards like Financial Times columnist Martin Wolf could sink the EU economy further than it already is.
If fears about EU deflation were any thicker one might need a chainsaw to cut them. What makes all this so intriguing is practically no one is expecting a spike in energy prices. Investors are convinced central bankers know their way out of this murky, protracted bog.
And anyone who dares question or attack these bureaucrats is subject to attack from their MSM shills as was the recent case when an electronic female media head openly attacked a longtime fund manager. That should tell you just how thin skinned these media types are.
It's quite difficult to think of enough bad things to say about MSM in general. On a particular note, this was pure, low-class-media reaching-for-ratings trash. A common staple these days.
Tolerance continues to grow thinner by the week. The Good Ship MSM is, thanks to the Internet, taking on water and they know it. Like tolerance, its influence shrivels daily.
So what does all this have to do with an unexpected spike in energy prices? Well, that's part of the intrigue of it all. We'll have to wait and see.
t. man hatter
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