Chris Puplava's picture

We are in a precarious position with the current credit crisis precipitated by the subprime mess. To see how the tentacles of the housing recession are spreading into the economy and financial markets and how serious things are, take a look at...

Chris Puplava's picture

It's looking like 2007 will be the year that reality sets in for the financial markets. How many times were financial pundits calling for a housing bottom after we saw a brief up tick in various housing economic measures earlier in the spring?

Chris Puplava's picture

This was the title for the U.S. Macro Outlook from Mark Zandi, Chief Economist and co-founder of Moody's Economy.com, Inc. released today which seems quite appropriate.

Chris Puplava's picture

The markets vaulted north last Thursday and took nearly everyone by surprise. The top news story from Yahoo Finance on the day entitled, "Stocks Surge on Retail Sales Reports," had the following explanation for the markets move:

Chris Puplava's picture

The markets were down sharply yesterday on negative news from big retailers indicating the housing spillover is getting worse, not better.

Chris Puplava's picture

Yesterday's commentary looked at the overall energy picture since British Petroleum (BP) began collecting data in 1965.

Chris Puplava's picture

Last week British Petroleum (BP) released their annual report on world energy, and today's WrapUp will highlight the general trends in energy for oil, natural gas, coal, uranium, as well as regional patterns in consumption, with the emphasis on the U.S., China, India, and the Middle East.

Ryan Puplava CMT's picture

As the economy shifts from expansion to contraction in a normal cyclical economy with moderate inflation, typically the first market to turn down is the bond market. Martin Pring talks about the business cycle's effect on the stock market in this article: http://www.pring.com/articles/article8.htm.

 

Chris Puplava's picture

Last Friday the Federal Reserve released the industrial production numbers for May, which showed stagnant growth with zero growth over April's levels and capacity utilization falling two-tenths of a percent to 81.3%.

Ryan Puplava CMT's picture

One of the wonderful attributes of technical analysis is the ability to go back in history to view how prices performed and visually compare their traits with events that are happening today. The past performance of the financial market is never an indicator of future results, but we can learn from the past to avoid repeating mistakes.

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