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I mean, you've got public servants retiring with $300K pensions plus gold plated benefits plans for themselves and their spouses (better than anything you can buy in the public sector) - full medical, prescription drug, dental, and vision. It was so crazy that I had to read the article twice...

Apparently, this is what happens when you let public sector unions choose your political representation, write your legislation, and run your state for you for 80 years.

Forbes, April 27, 2020 Adam Andrzejewski, Senior Contributor - Policy Why Illinois Is In Trouble – 109,881 Public Employees With $100,000+ Paychecks Cost Taxpayers $14B Illinois could soon be the first state in history to have its bonds rated as “junk.” Last month, both Moody’s MCO and...

You can’t burn crude oil in your car. Refiners have cut way back on production because demand is on life support. Both May and June Unleaded Gasoline are trading comfortably above the March and April lows.

The foundation, the very definition of the term “cryptocurrency” is decentralized control. Which can NEVER happen with the Chinese Communist Party. And it is in this light that I find the OP’s post so disingenuous. He calls it a “cryptocurrency” in the second and fourth paragraphs of his OP...

So does this mean that the CCP will allow the Yuan to float and be traded internationally in the exact same way as the dollar and the franc? Will the CCP allow its citizens to move unlimited amounts of Yuan into and out of the Country? Will the CCP continue to maintain its huge currency...

Discount brokers are only interested in high turnover clients. They’ll let you open an account with $10K and give you 4 X buying power intraday on ES. But if you want access to LME Select because you want to spread Daily Prompt Gold versus Comex Gold on Globex - you’re going to RJ O’Brien...

It’s their shite lazy Risk Management/Manager. Their entire business model is tailored towards scalpers and day traders. The big swinging dicks won’t use a discount broker.

AMP simply can’t or won’t correctly margin a spread - I’ve had several clients switch accounts. A major Chicago FCM like Advantage, Rosenthal-Collins, RJ O’Brien, Dorman, Rand (and there are others) has the Risk Management and clientele experience to apply intraday and settlement SPAN margin...

Their storage is full up at present. Their pipelines are full. And Magellan sold three of their six marine terminals in January. And the marine terminals are where the substantial storage tanks are located. While the stock might very well have upside - it’s not necessarily for the reasons...

Uh yeah. Zero demand. The June contract could very well have the physical delivery constraints as the May contract.

Has any of you ever seen an equity share registered with the SEC and listed on a public exchange trade negative? The only reason that the WTI future went negative for a brief time was because of a very restrictive and prescribed physical delivery procedure in the terms of the contract and for...

An FCM clearing Valero - sure. A broker clearing a retail spec account - no freaking way when it comes to physically settled energy. Not gonna happen.

Call Amerex, TFS, or Prebon and buy a Cal 21 Strip.

COVID-19 response ‘could bankrupt the insurance industry’: insurance defense lawyer (Reuters) - For Steven Badger of Zelle, who specializes in representing commercial insurance companies in coverage disputes with policyholders, business has never been better. It’s a peculiar quirk of his...

I'm sure this type of litigation will be playing out everywhere. Longtime Tuscaloosa business files lawsuit after COVID-19 coverage claim is denied https://abc3340.com/news/coronavirus/longtime-tuscaloosa-business-files-lawsuit-after-covid-19-coverage-claim-denied

Most index futures like ES are cash settled. Even Eurodollars are cash settled. The Crude Oil contract is physically settled - and with a very specific, rather restrictive and prescribed procedure at that. You either had to deliver FOB from rack space at Cushing, Oklahoma (full up), or...

Oh we’re going to see all kinds of commercial modifications because most of these businesses are seeing zero cash flow for what - 4,5, maybe 6 months :caution:

Oh that’s rich. One Capitalist Communist Party ghosting the other Capitalist Communist Party over unfair capitalist practices :D

Washington Post, April 22 Hard-hit restaurants, gyms and other businesses are battling insurers over the coronavirus, sparking a new Washington lobbying war Hundreds of billions of dollars are at stake, and some groups have asked Trump to intervene. A multibillion-dollar standoff between the...