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…
A Federal Reserve data release (Z.1 Flow of Funds) for 3Q2014 – which provides insight into the finances of the average household – shows a marginal decline in average household net worth. Our modeled “Joe Sixpack” – who owns a house and has a job, and essentially no other asset – is also feeling poorer….
Despite a 100bps rate hike this morning, Russia’s Ruble has slipped lower and now trades 55.8 to the USD – a new record low. The initial surge in the Ruble was quickly sold back as the hike, while in line with surveyed expectations, was below FRA-market-implied levels of 200bps. Goldman believes this will not slow the…
Part 1 Biopharmaceutical Stocks-New Highs Were Hit on December 10 Five Straight Years of Gains in Biotech-the IBB is up 292% since Dec 18, 2009 Biotech stocks are following the long term seasonal bullish trend surging in Q4 and up about 49 % YTD. The easiest way to invest in the biotech market is with…
