The death of Osama bin Laden had investors in a pretty good mood yesterday morning. And well it should. It’s quite a victory to finally remove this scourge from the planet. And we might even anticipate something of a peace dividend from the removal of this terrorist. On the flipside, the information...
The high gasoline prices of 2008 may be nothing but a pleasant memory this summer. That year, gasoline peaked at over $3.50 a gallon. Already this year, the average price of regular gasoline has already broken through the $2.80 mark – whereas it took until mid-April to hit that level in 2008. We’re...
Once again, China has raised reserve requirements for banks to slow down lending and, hopefully, slow inflation, too. China reports that inflation accelerated to 4.9% in January. Part of the reason is that drought has damaged China 's grain production and food prices are up. Chinese banks lent $158...
Filed under: Filed under: Ian Wyatt, oil stocks, oil, inflation, China, China stocks, dollar, Bakken, oil prices, U.S. dollar, Middle East, Facebook
So how do we view a stock market that can’t hold its early highs, sells off to slightly negative territory mid-day, and then recovers roughly 50% of the decline by the close? Is that bullish behavior? Is it bearish? Or is it just plain weird? While there’s certainly no shortage of weird out...
The Hero's Dilemma: Kill the Dragon or Rescue the Princess? Our previous experiences with "stagflation," as the double economic whammy of slowing growth and rising inflation is known, occurred in the '70s and early '80s. Market veterans still recount the Legend of Former Fed Chief...
Filed under: Filed under: stagflation, Accuride, FOMC, short profits, oil, oil prices, dragon, short, IndyMac, Western Refining, U.S. dollar, Fed, housing market, inflation, interest rates, WCI, bonds, Bernanke, Volcker