Oil predicted to reach $200 - May 7, 2008 9:08

A new Goldman Sachs report released Tuesday (May 6) forecasts oil to reach between $150 and $200 within two years. This prompted oil futures to clear $123 per barrel just a couple days after dipping to $111. Supply shortage concerns also ran through the market as speculators flying high on the forecast reacted to any [...]

April 08 Non-Manufacturing ISM Report – It Went Up? - May 6, 2008 10:15

The Non-Manufacturing ISM report on business was released to day with a headline figure of 52% for the Non-Manufacturing Index (NMI), indicating that conditions had returned to expansion after a full Quarter of contraction. However the devil is in the details and a look at the components that make up the headline number shows a [...]

GDP boosts stocks, dollar, lowers oil - May 2, 2008 9:20

Analysts, economists, investors, and Americans in general were surprised at Wednesday’s gross domestic product estimate that showed growth of .6 percent for the US economy during the first quarter of 2008. This was slightly better than the general consensus, and surprised some analysts who believed the economy might have contracted, indicating possible recession, during the [...]

The Fed says Mission Accomplished - May 1, 2008 12:10

As we know the Federal Reserve cut rates by 0.25% on Wednesday to bring the Fed Fund rates down to 2% with the discount rate also cut 0.25% to 2.25%. Of more interest though was the accompanying statement, especially when compared to the release made in March after the 0.75% cut.