When the economy is humming along, extending consumers credit can help keep the wheels oiled up and running. Lending eases up across the economy from mortgages for homes to auto loans to consumer credit. Today’s Bear of the Day is a company that had been readily extending consumers credit to buy their products. The problem…
OPEC cut the forecast for how much crude oil it will need to provide in 2015 to the lowest in 12 years amid surging U.S. shale supplies and reduced estimates for global consumption. The Organization of Petroleum Exporting Countries lowered its projection for 2015 by about 300,000 barrels a day, to 28.9 million a day….
The US dollar is trading within yesterday’s ranges against the major currencies. The Canadian dollar is the main exception. It is pushing lower still, with the greenback pushing a little beyond CAD1.1550. The main development today is the continued drop in oil prices. The latest cause has been the cuts in demand forecast by OPEC and IEA. Generally softer…
Source As we all know, the oil price has plummeted to a level we haven’t seen in more than five years and this will obviously have severe consequences for both the USA and the Eurozone as major economies. At the current oil price, a lot of the shale gas oil and gas producers are nearing…
Ben Swann and Peter Schiff discussed the news of China surpassing the United States as the world’s largest economy. Peter explained why it’s only a matter of time before China and many other countries jettison the dollar as the world’s reserve currency. When that day comes, the US is in for a rude awakening. Peter…
by Carl Gibson hina has overtaken the U.S. as the world’s top economy. But in taking a few examples from China, as well as investing in jobs that stay in America and taking steps to insure economic stability for the majority of American workers, the U.S. can come out on top again. And we can…
The drop in oil revenues has triggered a self-reinforcing feedback dynamic. Oil is not just something that is refined into fuel–it is capital, collateral, debt and risk. In other words, it is intrinsically financial. As I noted in The Oil-Drenched Black Swan, Part 2: The Financialization of Oil, oil has been financialized to the point that few outside…
Asian stocks advanced, following U.S. stocks higher on better-than-estimated retail sales in the world’s biggest economy. Oil in New York extended declines below $60 a barrel. The MSCI Asia Pacific Index increased 0.7 percent by 1:51 p.m. in Tokyo, paring the biggest weekly decline since Oct. 17 as Japanese shares gained before elections this weekend….
T2108 Status: 44.6%T2107 Status: 45.2%VIX Status: 18.5 (8.4% increase after jumping 24.5% the day before)General (Short-term) Trading Call: Hold. Caveats listed below.Active T2108 periods: Day #38 over 20%, Day #36 over 30%, Day #33 over 40%, Day #2 under 50% (underperiod), Day #6 under 60%, Day #108 under 70% Reference Charts (click for view of last…
Republicans are keen to sacrifice CBO’s role as impartial arbiter of fiscal measures on the altar of “dynamic scoring” of tax measures.[0] But there is no economic reason for restricting this approach to only tax measures. First, on tax measures, from Jane Gravelle in a Congressional Research Service review of the policy literature: Economists were attracted to…
