57e77465-c45a-43a8-aab7-62356024a4b4

Greetings, 1. We begin with the energy markets where US crude oil inventories unexpectedly declined, sending prices higher. The Fed’s decision to leave rates unchanged gave crude an additional boost. 2. The next chart shows US oil inventories in terms of barrels as well as days of supply. 3. US crude oil production remains stable –

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b455ca16-d539-4033-a562-6c9c99b9217b

Greetings, First, if you have a moment, please fill out our quick 3-question survey (from Matt Garrett) on the bond market correction: here. We’ll have the results next week. Thanks! Source: @WSJ, ‏@MarathonWealth More on global bond markets shortly. Let’s begin with the United States where the latest economic results have been quite poor. 1. The NY

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150 from the air

The Rule of 150, first posited in the 1990s by British anthropologist Robin Dunbar, refers to the maximum number of people with whom any person can build meaningful relationships. While there appears to be a spirited debate over the actual figure (100? 150? 250?), the general assumption that humans maintain closer relationships within small groupings seems to have some historical merit. In military leadership dating back as far as the Roman centurions, history has borne out that, once the number of 150 is exceeded, it’s nearly impossible for individuals to form strong enough interpersonal bonds to work well together

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