Adrian Ash's picture

Gold bids pushed prices up to 1-week highs at $1220 per ounce on Wednesday, rising in London trade after China's financial markets re-opened to find bullion unchanged in Yuan terms from before the Golden Week began.

Doug Short's picture

What is the relationship between the market and recessions? Is there are causal relationship between the two? Does a recession lead to a decline in the market, or does a market decline foreshadow a recession?

Ugo Bardi's picture

Do you remember the old Soviet Union? Dubbed as "The Evil Empire" by Ronald Reagan in 1983, it disappeared in a puff of smoke in 1991, crushed under a mountain of debts. The origins of the financial collapse of the Soviet Union are rather well known: it was related to the fall of the oil prices which, in 1985...

Sober Look's picture

The number of U.S. job openings is now running materially above the pre-recession levels. One would think the nation's unemployment rates should be at pre-2008 levels as well.

Marc Chandler's picture

Corrective forces continue to grip the foreign exchange market. Many expect the dollar's downside correction/consolidation to end today. Technically-inspired short-term participants often see 3-4 day counter-trend moves to be typical of market moves.

Doug Short's picture

In August Fed Chair Janet Yellen delivered an extended analysis of "Labor Market Dynamics and Monetary Policy" at the annual Jackson Hole Symposium. Her speech essentially reviewed the ongoing debate over the cyclical versus structural factors in employment since the Great Recession.

Oil Price's picture

California has just entered its fourth year of drought — a slow-rolling crisis that is showing no signs of abating. All of California is now affected, with more than half of the state considered to be in “exceptional” drought, the worst designation handed out by the U.S. Drought Monitor.

Sheraz Mian's picture

Growth worries about Europe and Ebola headlines provide the unsettling backdrop for today’s stock market action. Stock have faltered lately, with a combination of global growth worries and Fed policy uncertainty weighing on sentiment.

Sober Look's picture

Today the dollar gave up much of its Friday's gains that were driven by stronger than expected U.S. employment situation report. We haven't seen such volatility in currency markets in some time. What happened?

Global Risk Insights's picture

The ongoing tax inversion debate in the U.S. can be summed up in two phrases: “patriotic duty” and “competitive for business.” But after Treasury Secretary Jacob Lew released new tax rules to govern tax inversions, it became clear that tax inversions are really about something else.

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