FS Staff's picture

New data on delinquency rates for commercial and industrial loans for the first quarter of 2016 has just been released and shows a surge heading into this year, after steadily rising throughout 2015. Based on forward-looking data, delinquencies may continue to increase well into...

Oil Price's picture

Crude oil has reached a critical technical level, which is likely to test the resolve of the bulls to push prices higher. The bulls have a favorable tailwind with production outages reducing the supply glut. Till about two weeks ago, the drop in...

Jeffrey D Saut's picture

Market bubbles occur when the price of an asset significantly deviates from its intrinsic value. There have been numerous bubbles predicted in my 20 years as a professional investor. Fortunately, only two, from the perspective of US investors...

FS Staff's picture

One of the most important macroeconomic issues facing the world today is the looming June 23 vote in Britain regarding whether the UK should remain in the European Union. Today, we debate the pros and cons of a Brexit including the potential impact this may have...

BCA Research's picture

The unintended consequences from the continued altering of the capital structure of firms, by issuing debt and retiring equity at a time when operating cash flow growth is showing signs of fatigue is disconcerting.

Tim Duy PhD's picture

The June FOMC meeting is live. That message came through loud and clear in the minutes and was subsequently confirmed by New York Federal Reserve President William Dudley. Last week, via Reuters...

Paul Kasriel's picture

Recent economic data, e.g., retail sales, housing starts and industrial production, suggest that the US economy has awoken from its winter slumber. In addition, growth in consumer prices has accelerated of late (see Chart 1).

Monty Guild's picture

Breathless news that driverless cars are poised to take over the roadways has so far left us skeptical—partly because we believe that the technological challenges to real-world implementation are higher than...

FS Staff's picture

In a recent interview with Financial Sense, retail expert Howard Davidowitz called the widely-read report "absolutely crazy, because there’s no way those chains can return to their former numbers.” The massive store closings underway right now and the hundreds more to come...

Michael Shedlock's picture

New accounting rules show Chicago has understated its pension liabilities by $11.5 billion. At the end of 2015, the stated liability was $7.1 billion. Today it’s $18.6 billion. That’s a jump in net liabilities of 168%.

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