Crude prices are back to where they were in 2004. Before that, crude previously topped near $41 in September of 1990!
The market still believes the Fed will hike rates in September or October. The CME's FedWatch Sees it like this.
Last month, the Empire State Manufacturing report eked out a small gain, giving economists grounds for optimism in the manufacturing sector.
Retail sales, led once again by autos, beat the Bloomberg Economic Consensus. In addition, prior revisions were all higher.
The Financial Times reports Memo Reveals Extent of Control Bailout Monitors Will Have on Greece.
Economists in general, but especially those at the Fed, continue to state a belief that the current economic weakness is transitory.
In reaching a deal with Greece, Germany is the last remaining holdout.
In addition to bubble-busting events in real estate and the Chinese stock market, China now has to deal a plunge in exports.
On July 24, the Conference Board asked the question: Is Wage Growth Accelerating?
Economists were shocked by the plunge in the Conference Board Consumer Confidence Index Wednesday morning, well below the any economist's guess in Bloomberg's Econoday Forecast.
The crash in Chinese stocks continued today following a respite last week.
Weekly initial unemployment claims fell to the Lowest level Since 1973, perhaps distorted by auto retooling summer shutdowns, or lack thereof.
From mid-2012 until the beginning of 2014, US treasuries were in a steep decline (yield rising) in expectations of Fed rate hikes that never came.
In spite of the fact that Uber is the most banned company in the world, it thrives for one simple reason: People like it, especially business travelers and millennials, even if politicians don't.
Chinese GDP came in at 7% beating estimates (not that anyone really believes it, and I sure don't), but the good news stops there.
In spite of counterproductive attempts by the Fed and Central Banks to foster price inflation, debt overhang has stymied those efforts, at least in regards to consumer prices and import/export prices
In an emergency Saturday meeting, eurozone finance ministers have concluded that "under certain conditions", the latest Greek bailout proposal "may provide" a basis for negotiation.
The IMF has only one legitimate purpose that I can figure out: To continually write position papers and articles silly enough to keep bloggers loaded with material for rebuttal.
Every age group but 65 and older voted "No" in the referendum as the following Greek "No" Vote Demographics shows.
The overheated Shanghai and Shenzhen markets have lost 29 and 32 per cent respectively over the past three weeks following 7-year highs reached on June 12.