January 30, 2015

8 Charts Say U.S. Economy Is Weaker Than Believed

By Lance Roberts at Street Talk Live

"Sign, sign, everywhere a sign

Blockin' out the scenery, breakin' my mind

Do this, don't do that, can't you read the sign?" - Five Man Electrical Band

Will Deflation Derail Fed's Rate Move?

Lisa Abramowicz of Bloomberg reports, Jeffrey Gundlach: Fed Is on the Brink of Making a Big Mistake:
Jeffrey Gundlach says the Federal Reserve is on the brink of making a big mistake.

Debt Overhaul Showdown: Greece vs. Lenders

By Sober Look

We are about to witness a historic showdown between the major euro area institutions and Greece. Greece's newly appointed finance minister Yanis Varoufakis, a staunch bailout critic, will lead the negotiations on debt haircuts. On the other side will be the creditors: the International Monetary Fund and the European Commission - with additional support from the ECB. Private bondholders may get dragged into the fight as well (although many of them are Greek banks who will do what the government tells them). 

Will Greece Challenge Its Lenders?

By The Conversation UK via Economy Watch

Syriza, in choosing to enter into coalition with the Independent Greeks, is sending a clear message to the Eurozone’s leaders: it is intent on challenging Greece’s debt repayments.

So, some form of challenge to the austerity policies of the previous government is inevitable – this was its mandate. But it has options for the extent to which it might challenge international lenders – and its leaders might want to consider if this is the best option for the Greek economy.

Civilization Clash: West vs. Islam

By Jay Ogilvy, Stratfor Global Intelligence

The Charlie Hebdo attack and its aftermath in the streets and in the press tempt one to dust off Samuel Huntington's 1996 book, The Clash of Civilizations and the Remaking of World Order. Despite the criticisms he provoked with that book and his earlier 1993 article in Foreign Affairs, recent events would seem to be proving him prescient.

Or was he? 

January 29, 2015

Global Refining Demand To Support Oil Price

By Dan Steffens, Oilprice.com  

In last week's article I posted a chart from the International Energy Agency'srecent Oil Market Report that shows global demand for refined products catching up to supply by the 3rd quarter of this year. My opinion is that all of the analysts who are now blaming the sharp drop in oil prices on a “glut” of supply could change their tune quickly as consumers adjust to lower fuel costs. Just as higher costs reduce demand for any commodity, lower costs will increase demand. This is especially true for a commodity that has a direct impact on standard of living, like oil does.