Poor retail, rising wholesale prices prompt inflation concerns
August 20, 2008 | Leave a Comment
July wholesale data shows that inflation concerns are still fresh and should be at the top of the list of current economic concerns. Tuesday’s (August 19) announcement showed wholesale prices climbed 1.2 per cent during July, which was well over the ½ per cent estimates that had been forecasted. Read more
Gold: Cheap as Chips…?
August 18, 2008 | Leave a Comment
THE SHARP DROP in world gold prices starting in late July knocked the cost of physical metal more than 20% off its record top of mid-March at last week’s low point. Read more
Dollar making move as oil slides farther
August 13, 2008 | Leave a Comment
The dollar has been making a strong move in recent weeks after holding firm for several months in light of ongoing financial concern. There has been little fanfare surrounding the gradual improvement over time in the greenback thanks largely to continued focus on other aspects of the economy. Credit, housing, retail, and unemployment have been among the focal points as the dollar has quietly improved. Read more
retail sales and historic jobless claims dampen spirits
August 8, 2008 | Leave a Comment
It seems like every time investor sentiment turns positive and consumers gain hope, something in the way of negative financial news gets in the way. Thursday (August 7), there were a few bits of important economic news that worked together to spoil the day. Retail sales, jobless claims, and disappointing financial sector news all contributed to driving the Dow down 224 points, and left consumers to wonder if the end to the bad news will ever come. Read more
Safe-havens in Troubled Times?
August 6, 2008 | Leave a Comment
Each day we hear another piece of bad news on the banking front. It was called the sub-prime crisis, then it was the credit crunch; what we have in reality is a full blown banking crisis. Read more
Oil and Fed create perfect equities storm
August 6, 2008 | Leave a Comment
Oil continued to drive downward Tuesday (August 5) as speculation brought light sweet crude futures to $118 per barrel during the day with a close at $119.17. This was a $2.24 drop in New York trade. Oil has now fallen $28 since its high on July 11, less than one month ago. The record high on the day was $147.27. Read more
Oil touches 7-week low
July 30, 2008 | Leave a Comment
Stocks surged Tuesday, one day after a sell off, thanks largely to oil touching a 7-week low price point. In New York trade, light sweet crude oil futures dropped $2.54 to a close of $122.19. Not only is this a nearly two month low, it brought the recent oil slide to about $25 in just two weeks, from a record high over $147. Read more
The Paradox of Deleveraging
July 29, 2008 | Leave a Comment
Back in college, most of us took microeconomics before we took macroeconomics. In fact, at Grinnell College where I went, microeconomics was a prerequisite for macroeconomics. The reason was simple: microeconomics begins with the concepts of supply and demand, an essential starting point for the study of macroeconomics. But you only know you’ve mastered both when you intuitively grasp that macroeconomics is not just the summation of microeconomic outcomes, but rather the interaction of microeconomic outcomes. Read more
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- Poor retail, rising wholesale prices prompt inflation concerns
- Gold: Cheap as Chips…?
- Dollar making move as oil slides farther
- retail sales and historic jobless claims dampen spirits
- Safe-havens in Troubled Times?
- Oil and Fed create perfect equities storm
- Oil touches 7-week low
- The Paradox of Deleveraging