 |
Louisiana Light • 4 days | 84.39 | +0.14 | +0.17% | ||
|
Bonny Light • 3 days | 84.45 | -0.41 | -0.48% | ||
|
Opec Basket • 4 days | 84.23 | -2.94 | -3.37% | ||
|
Mars US • 184 days | 77.26 | -1.51 | -1.92% | ||
|
Gasoline • 10 mins | 2.565 | +0.010 | +0.40% |
|
Bonny Light • 3 days | 84.45 | -0.41 | -0.48% | ||
|
Girassol • 3 days | 85.44 | -0.34 | -0.40% | ||
|
Opec Basket • 4 days | 84.23 | -2.94 | -3.37% |
|
Peace Sour • 1 hour | 71.31 | -0.84 | -1.16% | ||
|
Light Sour Blend • 1 hour | 74.36 | -0.84 | -1.12% | ||
|
Syncrude Sweet Premium • 1 hour | 81.31 | -0.84 | -1.02% | ||
|
Central Alberta • 1 hour | 71.71 | -0.84 | -1.16% |
|
Eagle Ford • 4 days | 75.43 | -0.05 | -0.07% | ||
|
Oklahoma Sweet • 4 days | 75.50 | +0.00 | +0.00% | ||
|
Kansas Common • 6 days | 72.25 | -0.75 | -1.03% | ||
|
Buena Vista • 7 days | 87.60 | -1.22 | -1.37% |
Breaking News:
Stagflation Signals Soar as Manufacturing Surveys Show Skyrocketing Prices
Manufacturing surveys indicate stagnant growth…
UK Manufacturing Sector Hit by Weak Demand and Red Sea Crisis
UK manufacturing has slipped back…
Geopolitics and Inflation Threaten to Derail Booming Stock Market
The S&P 500 reached record…
Finance
Commodity Price Fears and China’s Growth Forecasts
Commodity markets lost more than $16 billion in value during last week’s selloff, Reuters reported in a special report. Equity and commodity markets plunged…
Bank of England Governor: Global Economy is Back on the Precipice
We don’t normally look to Mervyn King, governor of the Bank of England, as a luminary of the financial world. Not that Mr. King isn’t a clever fellow, but he…
Use the Melt Down to Load Up on India
Take a look at the chart for the emerging market ETF (EEM) below and you will be surprised to see how well it has held up in the recent collapse.…
Bernanke Says Buy Stocks, Or Else!
I believe that the risk markets are discounting a recession that isn’t going to happen. Not yet, anyway. So I am going to start adding some small, limited risk call…
Economics Will Never Be Value-Free
Lately, everyone seems to be acting like an economist. Whether they are screaming that Keynesians are destroying the economy, that the debt will be the downfall of the US and…
Is QE3 Back From the Dead?
When I went to bed late last night, the (SPX) was trading down 30 points, and I was thinking “here we go again”. When I woke up, the market was…
Index Funds and Commodity Prices
There has been a lot of growth over the last decade in funds that take long positions in commodity futures contracts in order to offer investors an asset that follows…
What the S&P Downgrade Means to you and Me
S&P lowered the US debt rating from AAA to AA+ on Thursday. What does this mean to you and me? Well, S&P is only one of three debt rating services, and…
The Real Crash is Coming in 2012: Are Stocks Now a Screaming Buy?
I don’t think that we are going into recession immediately. I believe that we can eke out a few more quarters of 2% ish type growth before we put in…
RIP for America’s Triple A Rating
At long last, after months of warnings, leaks, hand wringing, and speculation, Standard and Poor’s has at last downgraded US Treasury bonds a notch to AA+. The change was the…
European Debt Crisis Now Takes Center Stage
As US politicians put their debt crisis to bed, for the time being at least, all eyes switch to Europe. The European debt crisis is, in reality, any number of…
Here is Where to Watch for the Turn
What to say about Thursday’s market? The “RISK OFF” trade had its finest hour. The Dow average WAS down 512 points, NASDAQ (QQQ) cratered by 135 points, oil (USO) was…
Putin Calls U.S. Economic Parasite
Don’t expect to see Russian President Vladimir Putin invited to the White House for a sleepover in the Lincoln Bedroom anytime soon. Vladimir Vladimirovich has committed the unpardonable diplomatic sin…
How Long Can the Spending in Afghanistan Continue?
With all the debate in the United States over raising its debt ceiling, politicians and lawmakers are once again fighting over national spending. Democrats are sore that the US$2.4 trillion…
What the Markets Are Telling Us
I spent the morning doing a round robin with hedge fund trader friends of mine trying to figure how we all got this so horribly wrong. I did this as…
The Death of the Bond Vigilantes
Back in the seventies and eighties, when inflation was soaring well into double digits, the markets were regularly punished by a band of gun slinging traders known as the “bond…
Jesters, Economics, and American Dollar Supremacy
The debt debate has been going on all summer, a 2 months and running theatrical experience of court jesters parading about while the United States economy teeters on the edge.…
GDP is Another Bucket of Cold Water
Another bucket of cold water was thrown on financial markets on Friday with the shocking release of Q2 GDP of 1.3%. The whisper number prior to the release was at…
Something Extraordinary is Happening in the Russian Federation
Nine decades after Lenin and his Bolsheviks imposed Communism on the Russian empire and two decades after the implosion of the USSR, some of the country’s largest industrial conglomerates retained…
Debt Disagreement and the Need to Transition the Economy to Post Growth Mode
President Obama and House Speaker Boehner are both right, but they’re both tragically wrong. And unless they can somehow wake up and see why they’re wrong, we all lose—big time.…
