EC Whistling P

The economic challenges facing Russia, the eighth largest economy (and 2nd most powerful military) in the world, are intensifying. I’ll let the charts speak for themselves. The Ruble is collapsing, hitting new all-time lows against the U.S. Dollar. This is leading to a significant increase in inflation, with prices rising 9.1% over the past year….

The Market’s Most Deceptive 14% Bounce

So much for the usual Black Friday hype. On Monday – the first full trading day after the Thanksgiving holiday – the NYSE Composite (^NYA) lost 67 points on news that Black Friday holiday sales decreased by 11%. The post-holiday punch didn’t affect all stocks, however. Among those to buck the downward move, Buenaventura Mining…

29 November 2014 Initial Unemployment Claims Rolling Average Wors

Blue Line 4 Week Average The market was expecting the weekly initial unemployment claims at 290,000 to 300,000 (consensus 295,000) vs the 297,000 reported. The more important (because of the volatility in the weekly reported claims and seasonality errors in adjusting the data) 4 week moving average moved from 294,250 (reported last week as 294,000) to…