Robert Rapier's picture

Last month BP (NYSE: BP) released the Statistical Review of World Energy 2014. This report is one of the most comprehensive sources of global and country level statistics on production and consumption of oil, natural gas, coal, nuclear power and renewables.

Doug Short's picture

Market Cap to GDP is a long-term valuation indicator that has become popular in recent years, thanks to Warren Buffett. Back in 2001 he remarked in a Fortune Magazine interview that "it is probably the best single measure of where valuations stand at any given moment."

Jeffrey D Saut's picture

By the time the 2nd quarter was complete 2014 was in the process of being transformed from a flat year for risk assets and a strong year for fixed income into a much more encouraging year for the former and perhaps less so for bonds. Indeed if the SPX index were to simply replicate its first +6.05% half performance...

Marc Chandler's picture

The headline of a recent Financial Times article reads "Paris rails against the dollar's dominance." It could have been written nearly any time in the past half century. After all it was a former French President Giscard d'Estaing...

Chris Puplava's picture

The U.S. economy is building momentum in both the service and manufacturing sector, which is clearly visible no matter where you look, and June’s employment report is a perfect example.

Bill Fleckenstein's picture

I am beginning to see more and more stories about price hikes in various and sundry publications. Today’s Wall Street Journal and New York Times contained no fewer than three articles on this topic.

Doug Short's picture

Today's report of 288K new nonfarm jobs was well above the forecast of 212K. Moreover, the unemployment rate fell to 6.1%, beating the expectation of an unchanged 6.3%.

Evelyn Browning Garriss's picture

The economic impact of the El Niño is widespread. It is benign for most of US agriculture and lowers winter heating demand for most of Canada and large portions of the Western and Northern US. However, the impacts on other portions of the North American economy are not as favorable.

Ben Hunt PhD's picture

Deng Xiaoping and his ally/mentor, Zhou Enlai, are the architects of modern China, of China as a Great Power. For 30 years Zhou tempered the Maoist ideology of permanent revolution, preserving the kernel of a stable army and stable government bureaucracy, setting the stage for...

Jeffrey D Saut's picture

Last week the Volatility Index (VIX/11.26) tagged 10.34 on an intraday basis for its lowest reading since late 2006 and early 2007. I wrote about that occurrence in Thursday’s Morning Tack by noting...