Wolf Richter: Why the Heck Is the Trucking Business Slowing Down?
Trucking activity is a long-standing leading indicator of economic activity. It’s been flashing red in recent months.
Read more...Category Archives: Investment outlook
How Much Did Your Economy Suffer in the First Quarter?
We poll members of the commentariat for readings on the state of their local economy.
Read more...How Shale Is Becoming The Dot-Com Bubble Of The 21st Century
The parallels of the dot com era with the shale boom are simply stunning as most E&P companies need to spend well over their operational cash flow.
Read more...Witnessing A Fundamental Change In The Oil Sector
The U.S. oil production decline has begun.
Read more...Pettifor Warns of GFC 2.0 Approach
Yves here. This is a short but important debate over how much to worry about the upcoming train wreck in emerging markets when the Fed finally gets around to tightening. Pettifor sees it as a potential global crisis event; Macrobusiness sees it as a typical emerging markets bust. The Pettifor viewpoint seems more on target. First, […]
Read more...Explaining the Dearth of Private Investment
Business investment in advanced economies contracted sharply during the global crisis and has recovered little since. This column argues that the main factor holding back investment is overall economomic weakness. In some countries other contributing factors include financial constraints and policy uncertainty. Fixing the investment dearth will require fixing the general weakness in economic activity.
Read more...Rob Parenteau: Draghi’s Doom Loop(s) – More Than Just the Euthanasia of the Rentiers
Draghi’s Doom Loop(s): why the ECB’s QE, combined with negative deposit rates, could set a 1987 style crash for bonds in motion.
Read more...Central Banks Warn: Investors May Get Crushed When They All Run for the Exits
This post illustrates how remarkably short investors’ memories are. Or they may be betting that if they have a big enough hissy fit when monetary authorities raise rates, as they did during the taper tantrum of 2013, that central banks will lose their nerve.
Read more...Wolf Richter: Investors Crushed as US Natural Gas Drillers Blow Up
The carnage in natural gas drillers that Wolf called early has arrived.
Read more...Tech’s Four Horsemen of the Apocalypse: Amazon, Facebook, Google, Apple
This is a great talk on the outlook for the four dominant tech companies by Scott Galloway of L2. Trust me. Just watch it.
Read more...Nomi Prins: The Volatility/Quantitative Easing Dance of Doom
The battle between the ‘haves’ and ‘have-nots’ of global financial policy is escalating to the point where the ‘haves’ might start to sweat – a tiny little. This phase of heightened volatility in the markets is a harbinger of the inevitable meltdown that will follow the grand plastering-over of a systemically fraudulent global financial system.
Read more...Wolf Richter: The US Oil Bust Just Got Worse
Wolf was early to point out the disconnect between declining rig counts, which the mainstream media has touted as proof that the oil bust was about to end, and rising production. That pattern has not abated.
Read more...Dear Federal Reserve: *Now* is the Time to Raise Interest Rates? Really? Seriously?!?
I am at a complete loss as to why the Federal Reserve might think that now is the moment to begin raising interest rates. I cannot see a scintilla of hard evidence in support, and potent evidence against.
Read more...Could Oil Prices Plummet A Second Time?
Are oil prices heading for a double dip?
Read more...Wolf Richter: The Chilling Thing Devon Energy Just Said About the US Oil Glut
Devon Energy shows how companies are pumping even more oil with fewer rigs and lower investment, perpetuating the oil oversupply.
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