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Finance / the Economy

The Resource Behind The New Housing Price Explosion Is Crashing

Jun 29, 2021 at 11:05 | Safehaven.com

Lumber prices have skyrocketed in the past 12 months, causing the average price of both new and existing single-family homes to increase. Until now. That bubble appears to…

Used Car And Truck Prices Are Fueling A Dramatic Rise In Inflation

Jun 11, 2021 at 17:56 | Michael Kern

Wall Street stocks and most financial markets have simply shrugged off news that inflation levels have accelerated to the fastest pace in more than decade. On Thursday morning,

How COVID-19 Is Transforming The Auto Industry

Sep 11, 2020 at 10:53 | Oxford Business Group

Automotive players in Turkey expect up to 8m used car sales in 2020 as a pre-pandemic shortage of new vehicles is exacerbated by supply chain disruptions attributed to the virus.…

Trade War Weighs On Western Automakers In China

Jul 31, 2019 at 03:56 | Ag Metal Miner

Automotive executives running carmaking joint ventures in China must be asking themselves regarding the current performance situation: is it a downturn in the lower end of the car market or…

Global Economy Throwing Up Red Flags For Oil

Oct 17, 2018 at 15:53 | Nick Cunningham

Investors are feeling the most pessimistic about the health of the global economy in a decade, according to a survey from Bank of America Merrill Lynch. The gloom is spreading,…

Higher Oil Prices Could Jeopardize India’s Economy

Apr 30, 2018 at 15:40 | Tsvetana Paraskova

While oil exporting nations are benefiting from higher oil prices, oil importers face growing crude import bills that affect government finances. India—the world’s third-largest oil importer—is one of the biggest…

Russia May Feel Pinch From Oil Cut Deal This Year

Feb 16, 2018 at 09:13 | Irina Slav

Russia’s economy may come to feel a negative impact from the OPEC-led oil production cut deal, the central bank warned, adding that it expected GDP growth during the first…

The Blockchain Revolution Is Heading To Space

Jan 23, 2018 at 15:30 | Michael Kern

There is a new wave of coders and hackers looking to upend the entire internet, signaling the start of a brand new space race. No, this isn’t an episode of…

Norway’s $1.1 Trillion Wealth Fund Looks For Riskier Investments

Jan 15, 2018 at 13:50 | ZeroHedge

Just over a year ago we noted that, after being forced to withdraw at least $15 billion to fund 2017 budget deficits, the $860 billion Norwegian sovereign wealth fund announced that…

Another Oil Exporter Unpegs From The U.S. Dollar

Jan 11, 2018 at 10:07 | Matt Smith

In an effort to shore up dwindling reserves, Angola has decided to unpeg its currency, the kwanza, from the U.S. dollar - a peg which has been in place

Santa Is Putting Christmas On The Blockchain And Saving Billions

Dec 13, 2017 at 16:30 | Julianne Geiger

So, you think that you know all there is to know about Christmas? Maybe you string enough lights on your roof to give Clark Griswald a run for his money.…

Goldman: Automated Trucks To Cost 300k Jobs Per Year

Nov 14, 2017 at 14:31 | Jon LeSage

While Google’s Waymo company has taken center stage for bringing self-driving cars to roads, autonomous trucking may make it to the mainstream first.  Silicon Valley startups, technologists, and venture capitalists…

Did Venezuela Just Default?

Nov 14, 2017 at 09:13 | Irina Slav

S&P Global Ratings declared Venezuela in default just as the country’s Vice President Tareck El Aissami met with creditors to discuss the restructuring of its debt. According to

Could Low Oil Prices Cause A Global Recession?

Jan 25, 2016 at 14:36 | James Hamilton

The global economy is slipping into recession. The evidence is showing up in all the usual ways: slowing output growth, slumping purchasing-manager indexes, widening credit spreads, declining corporate earnings, falling…

The Clock Is Ticking On The U.S. Dollar As World’s Reserve Currency

Sep 21, 2015 at 16:02 | Henry Hewitt

The View From Hubbert’s PeakIn 1971, the American President put an end to a 2,500 year trend; the Wall Street Journal called it “Nixon’s Worst Weekend.” Considering the…

More To Ruble’s Collapse Than Meets The Eye

Dec 17, 2014 at 14:35 | Colin Chilcoat

The ruble is dying, and fast. In what is now being dubbed ‘Black Monday’ the ruble’s value to the dollar dropped nearly 15 percent. Tuesday brought no respite and the…

How Diminishing Returns and EROI can Lead to Economic Collapse

Dec 12, 2013 at 16:46 | Gail Tverberg

What do diminishing returns, energy return on energy invested (EROI or EROEI), and collapse have to do with each other? Let me start by explaining the connection between Diminishing…

Low Gasoline Prices Bring US Inflation Down to Four Year Low

Nov 21, 2013 at 16:57 | Ed Dolan

A big drop in gasoline prices brought the US inflation rate for October, as measured by year-on-year change in the consumer price index, to just 0.95 percent, its lowest level…

Why Rising Energy Costs are Responsible for Widespread Economic Recession

Oct 25, 2013 at 17:57 | Gail Tverberg

How does the world reach limits? This is a question that few dare to examine. My analysis suggests that these limits will come in a very different way than most…

World Bank: Russian Energy Strength is Economic Weakness

Sep 25, 2013 at 19:16 | Daniel J. Graeber

The head of the World Bank in Russia said Wednesday he was alarmed by the slowdown in the Russian economy.  The bank said the Russian economy was slow to emerge…

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