Word: breathers
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...Imminent war, imminent stimulus, the long-awaited capitulation-cum-rebound - take your pick and call me in the morning. But something rode in late Wednesday to the rescue of what was about to be a very depressing selloff. Monday?s unflinching sellers had taken something of a breather on Tuesday, reviving the usual optimistic talk that the long-awaited bottom had maybe been reached by Monday?s rational rout. But on Day Three it was back down the slippery slope...
Since peaking last September at $37.80 per bbl., oil prices have tumbled to below $25. This breather from high energy costs is going to be short-lived. In the past two years, members of the cartel have stuck close to their output quotas, which they demonstrated in last week's announced production pullback. That will bring crude prices above $25 per bbl. again. Should crude top $30 for a prolonged period, it will further eviscerate U.S. corporate profits and have a deeply corrosive effect on the entire U.S. economy...
...OPEC GETS POLITICAL Since peaking last September at $37.80 per bbl., oil prices have tumbled to below $25. This breather from high energy costs is going to be short-lived. In the past two years, members of the cartel have stuck close to their output quotas, which they demonstrated in last week's announced production pullback. That will bring crude prices above $25 per bbl. again. Should crude top $30 for a prolonged period, it will further eviscerate U.S. corporate profits and have a deeply corrosive effect on the entire U.S. economy...
What happens is Cincinnati, Ohio. In the tense months since three days of violent confrontations in April between mostly black protesters and mostly white police, many cops seem to have taken a breather. According to figures the city provided TIME, in June of this year police made 2,517 arrests for nonviolent crimes such as disorderly conduct and weapons violations; in June of last year they made 5,063 such arrests. Arrests for violent crimes, such as murder and arson, declined slightly, to 487 from 502, despite a 20% jump from the previous June in the incidence of those crimes...
...Option 2: Take a quick breather. Another mysterious product of my faulty brain, this option comes up regularly despite its complete lack of merit. It sounds so reasonable: Stop for 60 seconds, let the muscles rest a bit and catch your breath. Then continue with renewed vigor and resolve, having made the superior tactical choice. The only drawback to this is that it has never worked for anyone, ever, anywhere on earth. Stopping for "just a sec" during an endurance event is comparable to taking a "quick look" at the core of a nuclear reactor just...