Chris Puplava's picture

The call I made last year that the ECB would engage in a full-scale stimulus program proved early and it's now clear much of the delay had to do with pacifying German opposition through a number of closed-door meetings. However, it is this delayed timing that now sets us up...

Michael Shedlock's picture

Congratulations to Hugh Pavletich and Wendell Cox (co-authors) of the 11th Annual Demographia International Housing Affordability Survey 2015, for another excellent job. The survey shows...

Sheraz Mian's picture

Stocks will likely continue to cheer the big monetary stimulus from the European Central Bank (ECB) even as the picture emerging from Q4 earnings season is less than reassuring. Oil has been a big drag on earnings.

John Butler's picture

A former RAF aviation engineer and software engineer in the financial sector, Steve Baker has been the Conservative MP for Wycombe, Buckinghamshire since 2010. Recently he was elected by his colleagues to the...

Tom McClellan's picture

The news out of the European Central Bank on Jan. 22 helped to lift the major averages higher. The DJIA and SP500 have not yet made it back up to the level of their December 2014 highs, but the Dow Jones Utility Average...

Robert Rapier's picture

In the past few weeks I have received numerous questions about the role of a “drop in demand” in the oil price decline. These questions are driven by many stories in the media that have referenced a drop in demand.

Doug Short's picture

Today's seasonally adjusted 307K came in above the forecast of 300K. The four-week moving average at 306,500 is now 27,500 above its 14-year interim low set eleven weeks ago.

Sheraz Mian's picture

It’s all about Europe today, with the region’s central bank finally coming around to doing things that they had long promised they would do. Markets were looking for the Euro-zone version of the QE and the ECB...

Matthew Kerkhoff's picture

Last Friday we talked about economic cycles and I mentioned that there are indications that the current expansion is not yet over. Let's go into a bit more detail. Bull markets don't die of old age. You've probably heard...

Michael Pettis's picture

On Tuesday the National Bureau of Statistics released China’s 2014 GDP growth numbers and reported growth consistent with what the government has been widely promoting as the “new normal”.