LiveWire Economics Blog
LiveWire Economics Blog - June 6, 2008 14:49
Oil and gas rise as dollar dwindles
Just when oil seemed poised for an extended price regression, after dipping to $122 Wednesday, a new one day record for futures price gains interrupted the downward momentum. Light sweet crude oil actually slipped a bit off its daily high before closing at $129.79 in New York trade today (June 5). The $5.49 price gain […]
It’s Time
Ben Bernanke did something very unusual this week. He mentioned the strength, or lack of, in the US Dollar. This is a big moment, whenever asked before, including in front of Congress et al, Bernanke has refused to comment.
Inflation concerns grow
No one is ready to guarantee that the US economy is beyond concern, but Federal Reserve Chairman Ben Bernanke and other central bank members have been hinting that inflation is moving to the forefront of policy consideration.
Real Rates Are Rising
Apparently, rates for first time buyers are rising, hitting 7% on some products. I have news for everyone, get used to it. Real rates as charged by lenders will continue to remain well above the official Bank of England base rate for some time.
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 […]
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