Market Overview

Real GDP growth grew just 1.2% in the last quarter. It will likely be revised up, but it’s still a disappointing figure.Another figure that disappointed was a broad measure of capital spending...

Ford Motor Company (NYSE:F) issued a stark warning last week when reporting second quarter earnings. On its conference call, CFO Bob Shanks used the word “plateau” in relation to the...

Factory orders declined rather sharply in June, offering more evidence that the (economic) summer might be upon us. It was not a surprise given that the flash durable goods estimate also for June...

I’m old enough to remember the 1970s, and to remember the economic debates in the United States at the time concerning the inflation of that era. The U.S. left the Bretton Woods system near the...

As expected, the Bank of England cut interest rates on Thursday to 0.25% from 0.5%.The move leaves the US as the only major player talking about rate hikes. But as we have seen, there’s far more...

Political resistance to the oligarchy's financialization skimming operations will eventually cripple central bank giveaways to the financial sector and corporate oligarchs.That inflation and interest...

Crude oil is on the move higher (for a change) as it attempts to follow through to the upside in the aftermath of Wednesday's upside-reversal spike.A sustained climb above $41.41 should trigger...

Yen Up, Dollar DownIt didn’t seem like it at first, but when Japan added 130 billion to to quantitative easing programs overnight, it was actually sending a negative signal. The yen rallied, the...

The new proposal on the conversion of Swiss franc loans presented by the president's office on Tuesday is, as we expected, much more modest than the first proposal presented in January, meaning...

DOW + 41 = 18,355SPX + 6 = 2163NAS + 22 = 215910 Y + .02 = 1.55%OIL + 1.64 = 41.15GOLD – 5.10 = 1358.70US services companies expanded more gradually in July, with job gains slowing in a key...

Sterling has slumped two cents in the wake of the Bank of England's announcement. It cut the base rate 25 bp and announced a resumption of its asset purchase program. It will buy GBP60 bln of gilts...

The Federal Reserve has continued to take a tough rhetorical stance towards its key interest rate, having warned investors consistently over the last year that they would be hiking. But in actuality...

Forex News and EventsBoE to surprise markets Three weeks ago we predicted that the probability of a cut was unlikely, while markets had already priced it in. This time around, while there is a...

The Bank of England’s (BoE) policy decision and the Quarterly Inflation Report will be the major macro events of today.The pound is under decent selling pressure with the BoE expected to cut the...