Charts of the Week
A Long-Term Look At Crude Oil & Gasoline
December 27, 2019
Crude oil prices and production since 1859 and retail gas prices since 1973
Crude oil prices and production since 1859 and retail gas prices since 1973
Summary With the election still roughly a year away, there is plenty of time for candidates’ odds to shift. In fact, a look at recent history shows only two candidates who led at this point in the process in previous elections actually won the nomination – Hillary Clinton in 2015 and Mitt Romney in 2011.… Continue reading The Recent History of Nomination Betting
Today's topics include a look at the 2020 FOMC voters, foreign demand for U.S. corporates, the consumer remains resilient, China warns the EU, deflating bubbles before they pop, the dogs of the Dow and the rise of intangible assets.
With roughly one year to go before the election, the betting markets see Biden as the leader for the Democrat nomination. History suggests this race is far from over, however.
Today's topics include stock valuations, the problems with regulating banks, more on the repo market, stocks vs. bonds, market forecasts, miles driven in the U.S., machine learning in finance, diversification, business investment and Mnuchin's liquidity call one year ago today.
On Friday Jim was on Bloomberg's Real Yield hosted by Jonathan Ferro. The other guests were Kathy Jones of Schwab and George Bory of Wells Fargo. The show had three segments, Yield of Dreams, CCC No Evil, Fear No Evil, and Conviction Trades for 2020.
Today's topics include the latest on the trade war, the year all assets provided a positive return, inflation expectations, beating the index, the decade without a recession, the Fed's support of the repo market, ACH system experiences a delay, arguing the utility of negative rates and Trump's tweets.
Private pension funds have much smaller funding gaps than their government counterparts.