The last time Vladimir Putin was president, he laid the foundation to pull Mother Russia from the wreck of economic chaos to a world power once again. This time, he's ready to extend that influence to counter the West.
There’s a new Cold War brewing – and this time it’s not about military power…
The Fed justified a previous round of quantitative easing "to promote a stronger pace of economic recovery and to help ensure that inflation, over time, is at levels consistent with its mandate".
The stock market has plenty to chew on in today’s trading session and most of the data this morning in on the negative side. Jobless Claims jumped in the wrong direction, while Housing Starts came in weaker than expected and the CPI numbers seem be in the benign territory.
In this special interview with Oxford’s Oliver Inderwildi airing Thursday, Jim and his guest discuss the numerous dynamics of oil and economic growth—what Jim defines as the Petro Business Cycle—and how this relates to riots in Syria, whether non-conventional sources of oil can solve our energy needs, and a number of other factors.
Leading indicators for the labor market suggest we get an acceleration in payroll gains heading into the fall, which is what the market may be discounting currently as it continues to hit new all-time highs. With the market’s long-term momentum continuing to improve and the outlook for employment encouraging, the risks of a recession and/or bear market appear remote with the market likely heading to new all-time highs into the fall.
We humans are caught between the hunger for glory and the price you pay and the crimes you commit in pursuing it.