Financial Sense

Oil Prices Rise as OPEC Discusses Deeper Output Cuts
Oil Price's picture

OPEC is discussing a potential deepening of crude oil output cuts in a bid to accelerate market rebalancing, sources from the cartel told Reuters. The news came as the group’s Economic Commission Board met to discuss...

Why a Trump Impeachment Is Highly Unlikely
The Conversation's picture

Impeachment is a predominantly legislative process currently followed in several dozen countries, including Brazil, South Korea and the Philippines. “Impeach” has roots in the Latin word for being caught. It allows members of the...

US Household Debt Rises to All-Time Highs
Mises Institute's picture

Following the 2008 financial crisis, many observers were surprised by how much many Americans began saving. From 2009 to 2012, total household debt fell considerably, dropping by more than 12 percent from 2008 to 2013.

Republican Tax Reform May Accelerate Exodus Out of California
FS Staff's picture

Both Republican tax plans may have serious impacts on residents in high-income states with places like California, Massachusetts, and New York impacted the most. “It’s not just that they’re going after itemized deductions in both the Trump plan and the Republican...

Major Disruption Coming, "Decimating" Entire Industries, Says New Report
FS Staff's picture

Oil prices will see a steep plunge as autonomous electric vehicles decimate the value chain of entire industries in just a few years. So write James Arbib and Tony Seba of RethinkX in their latest thought-provoking report looking at the power of technological disruptions...

Dollar Drops as Investors React to Latest Washington Drama
Marc Chandler's picture

The US dollar has drifted lower against most of the major currencies as the culmination of news from Washington, escalating already rising concerns about the economic agenda that was to bolster growth with dramatic tax reform, infrastructure...

The Big Four Economic Indicators: April Industrial Production Largest Gain in Three Years
Jill Mislinski's picture

Official recession calls are the responsibility of the NBER Business Cycle Dating Committee, which is understandably vague about the specific indicators on which they base their decisions. This committee statement is about as close as they...

Are You Expecting the Great Convergence?
Matthew Kerkhoff's picture

We all know that investing is a game of expectations. The market “prices in” certain information, and then we adjust our outlook and positions as those expectations change. A key operating rule of this “game” is that when the best that can be...

AI Predicts Next US Recession to Start in 2019
FS Staff's picture

March 2019 is the current target date for the next US recession, says a machine-learning "forecasting engine" developed by San Diego-based Intensity Corporation. Intensity boasts a number of very large tech firms as clients—Apple, IBM, Microsoft, and others...

Oil Jumps as Saudis And Russians Agree to Extend OPEC Deal Into 2018
Oil Price's picture

What Saudi Arabia’s Oil Minister said in March will not happen, has happened: in a joint statement, Khalid al-Falih and his Russian counterpart Alexander Novak said that OPEC and Russia have agreed to extend the oil production cut deal...