Marc Chandler's picture

The change in the Greek negotiating team appears to have helped reinvigorate the talks with the official creditors. However, insufficient progress has been made that would allow a resumption of aid payments.

Axel G Merk's picture

In anticipation of higher U.S. rates and lower rates elsewhere, the greenback had enjoyed a dramatic rally. Has the tide turned, or is the dollar merely taking a breather? We believe there are threats and opportunities hidden...

Adrian Ash's picture

Gold prices rose sharply lunchtime Tuesday in London, with traders returning from the UK's long May Day weekend bidding gold 1.6% higher from where it ended last week on news of the worst US trade deficit in 6.5 years.

Charles Hugh Smith's picture

Collaboration, innovation and risk are all intrinsic to adaptation. Without adaptation, every system eventually perishes once conditions change. One feature of capitalism that is rarely discussed is the premium placed on...

Doug Short's picture

To facilitate comparisons, we've adjusted the two P/E ratios and Q Ratio to their arithmetic means and the inflation-adjusted S&P Composite to its exponential regression. Thus the percentages on the vertical axis show...

Michael Shedlock's picture

I have seen many grim predictions regarding robots taking away human jobs, but one of the most dire predictions comes from a study commissioned by ING-Diba. The study claims that 59 percent of Germany's work force could be...

Robert Rapier's picture

Occasionally I am deluged with inquiries about a particular news story. That happened this week. As the inquiries mounted, I decided I better address the story. After I saw one more gushing, uncritical report on CNN, I knew...

Christopher Quigley's picture

In February 2012 I wrote an essay on the fascinating and timeless work of Nikolai Kondratieff with a brief introduction to long-term economic cycles known as Kondratieff waves or K-waves. As I explained at the time...

George Friedman PhD's picture

The United Kingdom is going to the polls on Thursday. Elections electrify the countries in which they are held, but in most cases they make little difference. In this case, the election is a bit more important. Whether Labour or the...

Urban Carmel's picture

GDP growth in the first quarter was, by various measures, among the best since the end of the recession. Real GDP grew 3.0%, the second highest growth rate in the past 5 years. GDP excluding inventories grew 2.5%...

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