Stratfor's picture

Two notable developments occurred Nov. 11 related to Europe's migrant crisis, notable not so much for what they directly achieved but for their potential effects. Both events concerned the migration route that passes across the eastern Mediterranean and up through the Balkans, which...

Kurt Kallaus's picture

While factories are a minor portion of employment and income, even this weak sector is being overly maligned by a healthy cooling of the energy sector. Cheaper petroleum and commodity prices have definitely subdued the manufacturing sector, but will boost longer term...

Roberto Aguilera's picture

Oil price rises over the past 40 years have been truly spectacular, but the recent fall is probably here to stay, thanks to increasing production. We discuss these trends in our new book, The Price of Oil, published this month.

Charles Hugh Smith's picture

To the degree that serfdom is political powerlessness and near-zero access to the processes of accumulating productive capital, super-welfare guaranteed income for all is simply serfdom institutionalized into a Hell devoid of purpose, pride, meaning, community and positive social roles.

Jill Mislinski's picture

The reaction in the popular financial press to last week's Employment Report for October was one of surprise. The unemployment rate dropped to 5.0% and the number of new nonfarm jobs (a relatively volatile number subject to extensive revisions) jumped to 271K.

BCA Research's picture

The broad market has enjoyed a powerful bounce since the September low, but only a handful of stocks/sectors are driving returns, with the value line index (an equally-weighted broad market index) significantly trailing the S&P 500 (top panel). This message is corroborated by...

Urban Carmel's picture

3Q financials have been predictably poor, with negative growth in both sales and EPS. Sales growth has been affected by a 50% fall in oil prices and 15% rise in the trade-weighted dollar. Both of those are likely to make upcoming 4Q financials look bad as well.

Sheraz Mian's picture

China’s inflation reading came in a tad cooler than expected, spotlighting the persistently weak demand conditions in that country that have been a worry for the markets lately. The country’s consumer price index increased +1.3% for October from the year-earlier...

Matthew Kerkhoff's picture

Investors are once again battening down the hatches, preparing themselves for rough conditions stirred up by the Fed’s weather system. The FOMC’s latest remarks, combined with last Friday’s strong jobs report, have convinced many investors that the first rate hike will happen in December.

Marc Chandler's picture

As this Great Graphic, composed on Bloomberg, illustrates, the divergence between the two ISMs is approaching record levels. The manufacturing sector is more exposed to international competition and the strong dollar than the service sector...