May, 2008
LiveWire Economics Blog - May 30, 2008 10:27
Dollar surges as oil dips
Thursday (May 29) was a generally positive one on Wall Street and from a US economic perspective. Crude oil futures dipped to $126.62, the lowest level in a few weeks. Despite the drop, retail gas ticked to another new record high of $3.95 per gallon. Still, the fact that oil is nearly $10 off its [...]
Laws against Buying Oil – Gold & Silver?
The chairman of a Senate oversight committee, Joseph Lieberman, has said he is considering legislation to place limits on large institutional investors in commodities markets, which have posted record prices this year in agricultural products and oil.
Housing, oil, and retail gas data clearly confusing
Several new economic data reports dominated US financial markets Tuesday (May 27). Stock investors seemed to focus mainly on the hopeful reports as all the main stock indices were up firmly on the day. News on the housing markets, consumer confidence, and price changes in oil and retail gas made for a busy Tuesday.
The Weekly Report
bubble, easy money, inflation in fiat money supply, inflation in commodities and hard assets, inflation, fear of inflation, rising rates, YC inverting, flattening, rising and inverting again, tightening, withdrawal of liquidity, corrections, crashes, talk of stagflation, FEAR, withdrawal of speculative funds, further corrections and crashes, demand collapse…..Deflation.
Macro-Economic Indicators
With the amount of news, views, blogs, opinions and general chit-chat that abounds in the markets it can become somewhat difficult to form a view on where the macro-economy is headed. For each bull there is a bear and the extremes of both can be bewildering for readers.
Homes sink, oil and gas boil over
As oil and gas prices are spiking to new records on an almost daily basis, home prices continuing to fall at historic rates. Premium unleaded gas prices have cleared the $4 mark nationally, while the retail gas price for regular unleaded is nearing that mark. The gas rates are certainly first in the day-to-day mindset [...]
Far Out Financial Chemistry Kit
WHEN ALBERT HOFMANN – the Swiss chemist who discovered LSD – passed away at the start of this month, newspaper editors the world over reported it as the death of the man “who experienced the first ever bad trip.”
Gas nears $4, $5 speculation heats up
Oil futures spiked to another new record over $129 per barrel Tuesday (May 20) dragging retail gas prices along for the ride. Prices at the pump topped $3.80 per gallon, according to the Energy Information Administration.
Most Popular Content
- Stock Markets in Europe Rally in Positive US Jobs Data
- Gold Futures Reach Their Record High
- EIA Reports More Than Expected Increase in Supplies Data
- Gold Futures Gain After a Volatile Session
- Forex Trading: Weekly Outlook
- Crude Oil Futures Keep Up the Bullish Rally
- Gold Futures Rally as the Greenback Weakens
- EIA Reports Increase of 3.6 Million Barrels in Crude Oil Stockpiles

