Urban Carmel's picture

U.S. corporates have started reporting their financial results for the 4th quarter of 2014. So far, it looks horrible. Bearing in mind that just 18% of the S&P has reported, this is how the quarter is tracking: EPS growth...

Jeffrey D Saut's picture

In the past missives I have written about the real reason the Saudis have “leaned” on the price of crude oil. It began last summer when Saudi Prince Bandar bin Sultan, Director General of the Saudi Intelligence Agency, went to...

Matthew Kerkhoff's picture

It's often touted that gold is a great, perhaps the best hedge against inflation. I'm not sure why this belief is so widespread among precious metal enthusiasts, but a quick look at the chart below, courtesy of Jeremy Siegel...

Marc Chandler's picture

As the demonizing of Syriza gives way to post-electoral analysis, its victory is being seen as anti-austerity not anti-EMU. Politics makes for strange bedfellows, and a small conservative party of Independent Greeks have...

Chris Puplava's picture

The call I made last year that the ECB would engage in a full-scale stimulus program proved early and it's now clear much of the delay had to do with pacifying German opposition through a number of closed-door meetings. However, it is this delayed timing that now sets us up...

Michael Shedlock's picture

Congratulations to Hugh Pavletich and Wendell Cox (co-authors) of the 11th Annual Demographia International Housing Affordability Survey 2015, for another excellent job. The survey shows...

Sheraz Mian's picture

Stocks will likely continue to cheer the big monetary stimulus from the European Central Bank (ECB) even as the picture emerging from Q4 earnings season is less than reassuring. Oil has been a big drag on earnings.

John Butler's picture

A former RAF aviation engineer and software engineer in the financial sector, Steve Baker has been the Conservative MP for Wycombe, Buckinghamshire since 2010. Recently he was elected by his colleagues to the...

Tom McClellan's picture

The news out of the European Central Bank on Jan. 22 helped to lift the major averages higher. The DJIA and SP500 have not yet made it back up to the level of their December 2014 highs, but the Dow Jones Utility Average...

Robert Rapier's picture

In the past few weeks I have received numerous questions about the role of a “drop in demand” in the oil price decline. These questions are driven by many stories in the media that have referenced a drop in demand.

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