Financial Sense

Spotlight on the Fed
Sheraz Mian's picture

The Fed remains in the spotlight today, with the central bank expected to give investors a roadmap for the future course of monetary policy. There are plenty of other headlines as well, ranging from a continued oil price sell-off...

Does Russia Present a Systemic Threat to Global Markets?
Marc Chandler's picture

Winston Churchill famously said of Russian foreign policy that it was "a riddle, wrapped in a mystery, inside an enigma." What people leave out is what followed. Churchill offered an answer: "perhaps there is a key. That key is Russian national interest."

Draghi Risks Becoming the Boy Who Cried Wolf Over QE
Global Risk Insights's picture

Recent remarks by ECB President Mario Draghi have promised to tackle the near-recession level of activity plaguing the Eurozone. But while words have come often, there has been far less action from the central banking system, which seems rife with internal debate and political issues.

Competition Finally Upsets the Biggest Monopoly of All: OPEC
Walter Donway's picture

No coercive monopoly or business able to sustain its prices without regard for competition can prevail in a free market. Its profits, above those prevailing in the market, will attract competitors, either producing its product or an alternative product, and they will gain market share by charging lower prices.

Viewing Russia From the Inside
Stratfor's picture

Last week I flew into Moscow, arriving at 4:30 p.m. on Dec. 8. It gets dark in Moscow around that time, and the sun doesn't rise until about 10 a.m. at this time of the year — the so-called Black Days versus White Nights. For anyone used to life closer to the equator, this is unsettling.

Mish’s Take: What’s Behind the Plunge in Oil? Boon to Spending or Recessionary?
Michael Shedlock's picture

In the wake of a widely unexpected, huge oil price decline, I have received many questions and comments. Some speculate U.S. pressure on Saudi Arabia to punish Russia. Others think "big oil" is out to punish the frackers.

U.S. vs. Global Shock
Tim Duy PhD's picture

The string of solid U.S. economic news continued with industrial production advancing 1.3% in November. Year-over-year growth (5.2%) is now comparable to the late-90's. Meanwhile, the international fallout from the oil price drop continues. Russia is a classic emerging market crisis story.

Red Flags in Russia
Patrick O'Hare's picture

The yield on the 10-yr Treasury note has dropped six basis points this morning to 2.06%. Why lead with that? Because it's a telling indication that market participants recognize something is amiss out there.

The Big Four Economic Indicators: Industrial Production
Doug Short's picture

According to the Federal Reserve, "Industrial production increased 1.3 percent in November after edging up in October; output is now reported to have risen at a faster pace over the period from June through October than previously published.

Draghi Now Has All the Ammunition He Needs for QE - Implementation Still a Problem
Sober Look's picture

If Mario Draghi was lacking ammunition to initiate an outright quantitative easing program in the Eurozone, he certainly has it now. Even the staunchest opponents will have a tough time arguing against...