Financial Sense

The European Central Bank Embarks on Asset Purchases
Monty Guild's picture

Thus far, the European Central Bank (ECB) remains the only one of the world’s major central banks that has resisted QE in the wake of the global financial crisis. That hasn’t been a matter of prudence— it has been a matter of policy paralysis in the European Union...


100% of Mainstream Interest Rate Theory Is Wrong
Keith Weiner's picture

An interesting article on MarketWatch today caught my attention. The subhead is the money quote, “Back in April every economist in a survey thought yields would rise. Guess what they did next.”


Market Boosted by Caterpillar (CAT) Earnings
Sheraz Mian's picture

Earnings remain front and center in today’s session, with positive results from a number of industry leaders helping boost investor confidence. Hard to tell whether the mood will last through the entire session or not, but markets made a very strong open.


Low Oil Prices Hurting U.S. Shale Operations
Oil Price's picture

The number of active rigs drilling for oil and gas fell by their most in two months, according to the latest data from oil services firm Baker Hughes. There were 19 oil rigs that were removed from operation as of Oct. 17, compared to the prior week.


Big Four Economic Indicators Show Possible Rollover
Doug Short'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 get to identifying their method.


The “New Normal” in EM Ex-China
BCA Research's picture

EM economies ex-China are slowing to a “new, normal growth” phase, which will keep bulks and base metals under pressure this year and next. These economies join China in a broad-based EM slow-down, which will increase...


Speak, Switzerland!
Walter Donway's picture

In the United States, if we hold a referendum, so voters may speak directly and decisively on a question, it always is at the state level, and, lately, most often addresses the legality of gay marriage, the decriminalization of marijuana, getting tough on illegal immigrants, or some other grave matter.


China, Europe & Earnings at Home
Sheraz Mian's picture

Favorable looking headlines from China and Europe and a mixed batch of earnings reports provide the backdrop for today’s trading action. The GDP report out of China shows that country’s growth falling to its level in years, but it nevertheless came in better than expected.


The Ultimate Carry Trade: U.S. Banks Buying Treasuries
Marc Chandler's picture

The drop in U.S. bond yields is perhaps the biggest surprise for investors this year. The gradual decline in Federal Reserve buying, faster growth, and the prospects for a rate hike in 2015 were expected to lift bond yields.


No Hard-Landing for China’s Economy for Now
Sober Look's picture

China's GDP growth is gradually slowing as expected - at least according to the official reports. Growth is now at the lowest level since 2009, but so far the Bloomberg China GDP Tracker forecast of a sharp correction this quarter has not materialized.


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