<Click on graphic for larger image> Bloomberg.com – Mark Gilbert: The Shipping News Says the World Economy Is Toast In October 2008, as the repercussions of the financial crisis were starting to ripple through the global economy, I noticed a press release from Swedish truckmaker Volvo saying that its European order book had fallen by… Continue reading Shipping Data Does Not Give A Rosy Picture
Conference Call Presentation/Charts of the Week Audio [audio:https://www.biancoresearch.com/bianco/SubscriberArea/012816.mp3|titles=Conference Call ] Topics Covered This Week Include: We Still Produce Too Much Crude Oil Opec’s Foot On The Floor Crude/Stock Correlation Is Oil A Credit Event? Crude Speculators Still Long! Detailing Crude Large Speculators Crude Oil ETFs Take Obscene Losses Energy ETFs Take Losses, Obscene Losses Too… Continue reading Conference Call Presentation/Charts of the Week
Comment On Thursday, January 28, 2016 at 9 AM CT (10:00 AM ET, 7:00 AM PT, and 15:00 GMT), Bianco Research, in conjunction with Arbor Research & Trading, will be hosting a webcast/teleconference moderated by Jim Bianco. Join us Thursday as we discuss how oil, China, the economy and the Fed are affecting the financial… Continue reading On Oil, China, The Economy & The Fed
<Click on chart for larger image> Bloomberg Business – China Climbs Back Up Janet Yellen’s Worry List Yellen cited China as a reason to hold steady last September When Federal Reserve Chair Janet Yellen looks for an update on China at this week’s policy meeting, she’ll find little reason for cheer. The Shanghai Composite Index… Continue reading Why The Fed Is Worried About China Again
The Financial Times – Fed meeting: what to watch for Will the Fed acknowledge weaker US data? With the notable exception of the December jobs report, US economic data have been disappointing since policymakers raised the Fed’s short-term interest rate in the middle of December. Manufacturing contracted for a second month, inflation has been tepid… Continue reading The FOMC Statement Is Released Today
<Click on chart for larger image> Comment The chart above is from the latest CNBC survey of Wall Street professionals released yesterday. CNN Money – U.S. recession cries get louder America’s economy is not in a recession, but fears of one are growing fast. The chance of the U.S. sinking into a full-blown recession now… Continue reading Recession Talk
<Click on chart for larger image> Real Time Economics – American Drivers Are Back on the Road in Record-Setting Fashion An expanding economy and dramatically cheaper gas prices have lured Americans back onto the roads, where they’re racking up record mileage, new data shows. U.S. vehicle-miles traveled surged 4.3% in November 2015 compared with November… Continue reading Vehicle Miles Traveled
<Click on graphic for larger image> The Wall Street Journal – Fees on Mutual Funds and ETFs Tumble Toward Zero In November, asset manager BlackRock Inc. said it would slash by more than 50% the annual expenses charged to investors in an exchange-traded fund that aims to mimic the performance of the entire U.S. stock… Continue reading Mutual Fund/ETF Fees Near Zero
<Click on chart for larger image> <Click on chart for larger image> The Wall Street Journal – U.S. Home Price Growth Picks Up in November, Case-Shiller Says Home prices extend gains, supported by continued low mortgage rates Home price growth accelerated in November, according to a report released Tuesday, underscoring that the market continues to… Continue reading Home Prices Continue To Rise
<Click on graphic for larger image> Real Time Economics – Where the Commodity Glut is Driving Down Jobs Cheap oil and a squeeze on coal are slicing away at payrolls in what was one of the fastest-growing states and what remains one of the poorest. North Dakota lost 18,800 jobs, or 4% of the total… Continue reading The Commodity Glut And Jobs
Bloomberg Business – U.S. Oil Explorers Seen Reporting $14 Billion in 2015 Losses String of bleak earnings reports to stretch into next month During the next eight days, independent U.S. oil explorers are expected to report 2015 losses totaling almost $14 billion, the result of the steepest price collapse in a generation. Hess Corp. kicks… Continue reading Oil Companies Extend Losses