Robert Rapier's picture

There is a popular narrative going around that I want to address in today’s article. Last November, after several months of plummeting crude oil prices, the Organization of the Petroleum Exporting Countries (OPEC) met to discuss the oil

Kurt Kallaus's picture

It’s easy to be a pessimist after 6 years of an economic recovery where the majority are still trying to recover from the 2008 recession. Net job creation and wage growth since 2008 have been historically weak.

Sheraz Mian's picture

Stocks started today’s session in positive territory after back-to-back weak showings. But for the positive sentiment to carry through to the end of today’s session, we will need to see the bond market behave.

Chris Puplava's picture

It has been a slow grind this year as the markets grapple with the ongoing Greek debt saga as well as anticipating the Fed’s first rate hike in nearly a decade. Measures of wage inflation are picking up as the U.S. employment picture continues to...

George Friedman PhD's picture

The term "Middle East" has become enormously elastic. The name originated with the British Foreign Office in the 19th century. The British divided the region into the Near East, the area closest to the United Kingdom and...

Michael Pettis's picture

I was recently asked by an Australian economics journal to write a review of a book I had already read, The Leaderless Economy, by Peter Temin and David Vines (published in 2013). Because the book is a great place from which...

Matthew Kerkhoff's picture

Even those who pay little attention to technical analysis or Dow Theory have been acknowledging the divergence between the Industrials and Transports. This ominous signal has identified major corrections and bear...

Urban Carmel's picture

Our key message has so far been that (a) growth is positive but modest, in the range of ~3-4% (nominal), and; (b) current growth is lower than in prior periods of economic expansion and a return to 1980s or 1990s...

Chris Puplava's picture

The message coming from the early to late-stage cyclical relative performance for both the US and the globe argued for a bottom in growth this spring, which appears to have arrived on schedule. Growth rates are starting to turn back up after decelerating for several months...

Marc Chandler's picture

The US May jobs reported was stronger than expected. Although it will not boost the chances of a Fed rate hike later this month, a September lift-off still seems like the most likely scenario. The US economy created 280k jobs...

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