Today's release of the Fed's Industrial Production report showed a 0.6 percent increase in February, handily beating the Investing.com forecast for a 0.1 percent gain. The improvement was further enhanced by the upward revision of previous month's headline number from -0.3 percent to -0.2 percent
The FDIC has sued 16 of the largest banks in the world plus the British Bankers Association (BBA) alleging that they engaged in fraud and collusion to manipulate the London Inter-bank Offered Rate (LIBOR). BBA called LIBOR “The most important number in the world.”
Given the widespread deterioration I am seeing we may be setting up for a larger correction, with the mid-term election cycle predicting an intermediate peak in the market between now and the end of April.
The stock market is down after reaching all-time highs again in March. That means it’s time to talk about black swans, dragon-kings, and other such ilk; never mind the winter is beginning to thaw and economic indicators are improving for the U.S.
It was a fun correlation while it lasted. From 2008 to early 2012, copper prices displayed a very strong correlation to the movements of the SP500. Even more importantly, whenever copper prices would show a sign of weakness that the SP500 did not show, it was nearly...
US retail sales rose 0.3% in February, a little more than expected. The news was blunted by sharp downward revisions to the January series, leaving the level of retail sales lower and pointing to somewhat less personal consumption to drive GDP here in Q1.
Created in 2008 by the mysterious ‘Satoshi Nakamoto’, in the past few months bitcoin has gone from a fringe financial technology topic to a mainstream media phenomenon. The debate is now raging as to whether bitcoin is, or is not, a sound form of alternative money.
We’ve been dealing with an abnormally cold winter for most of 2014 with the weather being blamed for the recent poor economic data we’ve had over the last two months. However, there are plenty of naysayers who dismiss the effects of old man winter and claim the economy is beginning to cool on its own account. So, who's right?