Robert Rapier's picture

No, despite the popular narrative that we keep hearing, the U.S is not running out of crude oil storage. Yet there are those who are predicting that oil prices are going to fall to $20 or $30 a barrel, pointing to...

Adrian Ash's picture

Gold prices fell closer to November's 5-year lows vs. the US Dollar in London trade Wednesday, but rose against the Euro as the single currency sank once again on the FX market. Dealers saw stronger wholesale Asian demand...

Marc Chandler's picture

The euro was trading $1.1150-$1.1220 a week ago. The launching of the ECB's bond buying program coupled with another strong U.S. employment report jump started the euro's slide, after consolidating mostly last month.

Michael Shedlock's picture

At the heart of the constant bailout bickering in Europe is a fundamental, but seriously misguided notion that a battle is underway between the virtuous and fiscally responsible Germans and the irresponsible Greeks...

Matthew Kerkhoff's picture

It's been almost a hundred and twenty years since Charles Dow first created the Dow Jones Industrial average, commonly referred to as the Dow. Over that time the Dow has undergone a substantial transformation and now...

Urban Carmel's picture

With valuations at high levels, the current pace of sales growth is likely to be the limiting factor for equity appreciation. This is important, as the consensus expects earnings to grow at 3% in 2015 and 13% in 2016.

Marc Chandler's picture

The euro finished last week three standard deviations below its 20-day moving average. Even though the returns in the foreign exchange market are not normally distributed, this is a rare event, and reflected...

Sheraz Mian's picture

The jobs report reconfirms that the U.S. recovery is for real and here to stay. The Fed may or may not be ready to start the long-awaited tightening cycle in June, but this report shows all over again that the economy is...

Adrian Ash's picture

Gold and silver prices sank lunchtime Friday in London after new U.S. jobs data beat Wall Street forecasts with the strongest annual run of net hiring since the Tech Stock Bubble peaked in March 2000.

Charles Hugh Smith's picture

When we look back from 2025, it will be painfully obvious that central bank policies exacerbated the systemic crises that brought down the global financialization machine.

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