Financial Sense

Cutting Oil Production Will Not Solve OPEC’s Problems
Global Risk Insights's picture

As oil prices continue to fall, OPEC faces a dilemma at its meeting in Vienna on 27 November. Members must decide between decreasing production that will support the oil prices but also consequently the U.S. shale oil industry, and...

Renewable Energy: Does It Need Critically Rare Materials?
Ugo Bardi's picture

Renewable energy, by definition, is inexhaustible or, at least, it can tap the sun's energy for times that can be considered infinite from our viewpoint. However, renewable energy doesn't live of sun alone. It needs metals, semiconductors, ceramics and more.

Consumer Confidence Surprises to the Downside
Doug Short's picture

The Latest Conference Board Consumer Confidence Index was released this morning based on data collected through November 13. The headline number of 88.7 was a surprising drop from the revised October final reading of 94.1, a downward revision from 94.5. Today's number was well below the forecast of 95.9.

Why Millennials Still Live at Home (It Isn’t Jobs, Student Debt, or Housing)
Michael Shedlock's picture

A New York Fed research paper wonders, "What’s Keeping Millennials at Home? Is it Debt, Jobs, or Housing?" The paper says "it's a mystery" why the housing recovery did not have a bigger impact on millennials living at home.

Good News: GDP Revised Higher
Sheraz Mian's picture

The positive GDP report should help the market maintain its positive momentum in today’s session. Stocks have been steadily building on their record level in recent sessions, and today will likely be no different.

Are Low Rates Responsible for High Valuations
Urban Carmel's picture

Interest rates are low, so stock valuations should be high. After all, a lower discount rate means that company cash flows are worth more; hence, a higher stock price. And the higher yield offered by equities makes them more attractive than low yielding treasuries, another reason to pay up for stocks.

Gary Shilling on Interest Rates, Deleveraging, and Corporate Profits
FS Staff's picture

Economic growth in the U.S. will probably remain weak for another four years and interest rates are likely to fall even further, Gary Shilling recently told Financial Sense Newshour. The number one reason, he says, is “the overpowering reality of deleveraging″...

This Indicator Suggests Gold’s Bear Market Has a lot Longer to Go – But Is It Right?
Dominic Frisby's picture

When is this gold bear market going to end? There’s a question to which we’d all like to know the answer. I actually have gold and gold stocks on a short-term buy signal at the moment. They’re bouncing from oversold levels, as I suggested last week they would.

Russia Might Be Forced to Cut Oil Production
Oil Price's picture

Russian Energy Minister Alexander Novak says Moscow is considering a possible cutback in oil production to help end the drop in prices, but there appears to be little it can do without harming its own energy sector.

A Feast of Data This Week
Sheraz Mian's picture

Stocks today are expected to continue the positive momentum from last week, pushing the major indexes even deeper into record territory. Positive data out of Germany and more follow-through from China’s surprise rate-cut last week should help...