Economy

This latest monthly missive is on dwindling energy supplies – known as Peak Oil, something Edward has talked about before. The parabolic rise and collapse in oil prices we saw last year was not just about speculation, it was about peak…

Bill Gross has a piece out now on Pimco’s website suggesting we are about to witness a sea change in saving and spending habits, government intervention, and a host of other issues. This is not a buy-the-dips kind of atmosphere and it will…

The August 2009 Manufacturing ISM Report On Business was released and the widely followed PMI Index came in ahead of expectations at 52.9. Expectations were for 50.5. As 50 marks the divide between contraction and expansion, this survey…

Nouriel Roubini is the most prominent economist to warn that a double-dip recession would be a distinct possibility if economic policy-makers return to policy normalization too quickly.  Now, Stephen Roach, head of Morgan Stanley Asia,…

Across the world, governments are doing their level best to shore up weak banking systems in the wake of the most significant final crisis in decades.  Most market players appear to believe these efforts successful; why else have…

The FDIC has just released a press statement outlining the second quarter results for the fund and the financial institutions it regulates.  What was particularly notable in the statement was the decrease in funds available to deal…

The U.S. Department of Labor released the Unemployment Insurance Weekly Claims Report showing that initial jobless claims decreased 10,000 in the latest week to 570,000 from an upwardly revised 580,000 the week prior. The 4-week moving…

The Chinese are getting serious about addressing overcapacity that has developed in industry, according to statements released by the state press. This should be seen as a positive development given concerns about a bubble in property and…

Nationwide released data from its August 2009 house price index showing that house prices rose 1.6% from the previous month.  This is the fourth consecutive month in which house prices have risen in the UK, bringing the year-on-year…

Senator Ted Kennedy died last night after a year's battle with cancer. However one might feel about his politics, one must admit that Ted Kennedy had a remarkable life, one that is celebrated in the video clip below.