Sheraz Mian's picture

The European Central Bank (ECB) came through on the commitment it made in October to sweeten its ongoing monetary policy stimulus program in order to spur growth and fight deflation within the common currency block. This commitment had produced the desired effect in the markets...

Robert Rapier's picture

Along with the OPEC meeting that takes place late this week, the biggest story in the world of energy is the Paris Climate Change Conference (Conference of Parties 21, or COP21) that runs through the end of next week. This conference is put on by the United Nations with the goal of producing...

Matthew Kerkhoff's picture

Last week was shortened due to the Thanksgiving holiday, but there was no shortage of economic data to parse. Let’s check in and see what some of the latest figures are telling us. Existing home sales continue at a brisk pace. October’s seasonally adjusted annual rate of 5.36 million...

Marc Chandler's picture

Some observers anticipate that with the yuan’s entry into the SDR that foreign central banks will quickly add the yuan to their reserves. We are less convinced. First, “can” and “will” should not be confused. Chinese officials have waived quota restrictions for foreign...

Michael Shedlock's picture

Alternative Bank Schweiz (ABS), a small bank in Switzerland broke the negative interest rate on deposits barrier, CHARGING customers to cake their money. (emphasis in caps from the article). "The Alternative Bank Schweiz wrote to customers telling them they would face a -0.125 per cent...

Sheraz Mian's picture

The major indexes are on track to for a weak open, with heightened geopolitical tension superceding the positive revision to the Q3 GDP growth pace. The Middle East is a complicated region in the best of the times and it has become even more so with the rise of ISIS and the entry of Russia in the...

Matthew Kerkhoff's picture

The S&P 500 is mostly flat for the year, but beneath the surface there has been a lot of movement. Some sectors, such as consumer discretionary, have pulled the major index up, while others are acting as a counterweight. The chart below shows YTD performance for each of the nine...

Ben Hunt PhD's picture

The world made two discoveries last week. Everyone is aware of the first discovery – that ISIS is not “a junior varsity team” but an able protagonist in what Pope Francis quite rightly calls “a piecemeal third World War”. Very few are aware of the second discovery – the existence of...

Michael Shedlock's picture

In response to the Paris terrorist attacks, President Obama essentially said terrorists are welcome here. ABC News reports Obama Vows to Veto Bill Increasing Screening for Refugees. "President Barack Obama is vowing to veto a bill from House Republicans that would increase ..."

John Mauldin's picture

Soon after the Paris attacks, I picked up the phone to talk over the situation with my friend George Friedman. George is one of the truly world-class thought leaders on geopolitics. We had an animated 20-minute conversation. I didn’t particularly like what I heard.

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