The Ukrainian crisis and sour relations with Russia highlight the need to address the EU’s energy security issues. The recent EU Ypres summit decision might be an important step in this direction.
If you think stocks are in a bubble and the Fed should start raising rates, well, the last two speeches from Fed Chair Yellen certainly convey a different message. Speaking at the IMF on Wednesday, Yellen argues that monetary policy "faces significant limitations" in promoting financial stability.
While the path of least resistance for U.S. stocks is still up, there are still potential pitfalls this summer from obstacles overseas.
If you want proof that human beings in the developed world are a spoiled bunch you need look no further than the history of fuel efficiency and actual gas mileage per vehicle in the U.S.
As predicted back in April (see post), US M&A activity accelerated in Q2, resulting in the most active first half since 2007.
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.
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...
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...
As the Federal Reserve continues to reduce the pace of asset purchases, attention has turned to the impending rise in interest rates. But to control short-term rates, the Fed will need to rely on new tools.
The Institute for Supply Management reported that the U.S. manufacturing sector continued to expand at a healthy pace last month as their purchasing managers index was little changed, down slightly from 55.4 in May to 55.3 in June.