Financial Sense

Capital Flight Intensifies in Italy and Spain
Michael Shedlock's picture

Money continues to pour out of Italian and Spanish banks for safer havens. This month I note a curious side effect: A huge amount of money went into French banks instead of German banks. The following table shows the winners and losers.


Federal Reserve to Test Negative Interest Rates
Global Risk Insights's picture

In a recently released annual report, the Federal Reserve issued rules for stress-test scenarios that include a move to negative interest rates. While the report is careful to categorize the scenarios as merely hypothetical, investors would be...


Clueless Fed?!
Axel G Merk's picture

"The Fed doesn't have a clue!" - I allege that not only because the Fed appears to admit as much (more on that in a bit), but also because my own analysis leads to no other conclusion. With Fed communication in what we believe is...


Amid Low Oil Prices, OPEC's Divisions Deepen
Stratfor's picture

Oil prices hit new lows in January, but the world's biggest producers still can't seem to agree on how to respond. Venezuelan Oil Minister Eulogio del Pino returned home empty-handed after concluding on Feb. 7 a week of visits to major...


Gary Shilling: All-Out Price War Could Send Oil to $10 to $20 a Barrel
FS Staff's picture

Longtime listeners of the show will know that Gary's comments are always worth paying attention to, which is why we were especially interested to hear if he was still sticking to his forecast made last year for oil to eventually reach as low as $10 to $20 a barrel. Here's what he said...


Credit Markets Continue to Show Signs of Stress - Caution Warranted
Chris Puplava's picture

With credit default swaps spiking in recent weeks among a wide number of major financial institutions—most notably Germany's largest bank, Deutsche Bank—it's time to take a look at the overall credit markets for signs of contagion/crisis. Here are some of the things we are monitoring...


It's Not March 2009... And That's Bad
Patrick O'Hare's picture

Thinking about March 2009 could understandably induce some post-traumatic stress for a lot of people. That was a harrowing time to say the least. Still reeling from the Lehman Bros. bankruptcy and the greatest financial collapse...


Gold Is Spiking – Here’s Why
Sober Look's picture

Some people say that gold is dead. They point to deflationary pressures and a bear market that started back in September of 2011. The bulls have been wrong for years; however, that may be about to change. At present, there are multiple...


Chart of the Day: Nonfarm Payrolls and Bank Tightening
FS Staff's picture

The percent of banks tightening on loans to small businesses leads nonfarm payrolls by about 6 months. In the chart above we’ve advanced the percent of banks tightening forward by that amount to show the extremely high correlation between these two indicators overtime...


Can Big Oil Continue to Pay Dividends?
Oil Price's picture

The dividends for the largest oil companies in the world are suddenly not looking as untouchable as they once were. Hefty payouts from Big Oil are what has made them the darlings of Wall Street for a long time. The oil majors, in most cases...


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