Michael Shedlock's picture

By Michael Shedlock – The state of Illinois has not passed a budget for close to three years. Arguably it’s just as well because Illinois budgets for decades have been nothing but a moth-eaten collection of lies, one time deficits repeated endlessly...

FS Staff's picture

Recently, markets have been taking a breather. Are they signaling a temporary stall or something more worrisome? And what comes next? This time on Financial Sense, we spoke with Tom McClellan, editor of McClellan Financial Publications...

Marc Chandler's picture

Oil prices rallied yesterday following the EIA weekly data and are up further today. Despite the rise in US inventories (4.1 mln barrels) more than four times greater than expected, participants focused on other details.

Doug Short's picture

The astonishing surge in leverage in late 1999 peaked in March 2000, the same month that the S&P 500 hit its all-time daily high, although the highest monthly close for that year was five months later in August. A similar surge began in 2006, peaking in July 2007, three months before the market peak.

Detlev S Schlichter's picture

As the tentacles of the central planning octopus reach ever more forcefully into more corners of the economy, the free market is inevitably in retreat. But nobody seems to notice or to care.

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