The first decade of this century was certainly interesting. We kicked it off with a massive bubble and, as usual, were told “this time is different.” The Internet was changing things and so stocks were valued by page reads or eye balls or some other “new metric.”
A worldwide deflation fear is expanding and may actually be rampant. BCA Daily Insights (August 25, 2014) notes that, “out of 32 OEC countries, more than two-thirds have domestic inflation rates that fall short of 1%.”
The Latest Conference Board Consumer Confidence Index was released this morning based on data collected through August 14. The headline number of 92.4 was an improvement over the revised July final reading of 90.3, an upward revision from 90.9.
Scotland is building what it calls the world’s biggest tidal array in the Pentland Firth in northern Scotland, the country’s government announced last week. Once built, the tidal array is projected to provide enough electricity to power 175,000 homes...
Lebanon was created out of the Sykes-Picot Agreement. This agreement between Britain and France reshaped the collapsed Ottoman Empire south of Turkey into the states we know today...
Looking at growth and debt beyond developed countries, Moody’s forecasts that GDP growth for 2014 across the 20 largest emerging markets, excluding China, will only amount to 2.1%. Data from Thomson Reuters shows that 2014 is turning into a record year for issuing...
A review of monthly figures for new installations of electric power capacity in July shows that renewable energy is quickly becoming the energy source of choice in the U.S.
The U.S. dollar is narrowly mixed. It opened Asia broadly higher in a sloppy start of the session, which may have been linked to a technical glitch that led to a four-hour delay of the electronic futures trading.
Janet Yellen has given her widely anticipated opening speech at the Federal Reserve Bank of Kansas City’s Jackson Hole Conference. As expected, she devoted her remarks to the labor market, which is the subject of this year’s conference.
The iShares S&P Latin America 40 Index ETF (ILF) broke out higher from 2 months of sideways price congestion, which suggests that its larger 2014 advance has resumed and targets at least an additional 4% rise to 41.60 that will remain valid above 39.05.