Market Overview

Yesterday, President Obama gave a State of the Union Address that contained a series of proposals for US Congress on raising taxes, free education, and carbon taxes. I commented Obama Howls at the...

The eurozone has been hovering around a 1% inflation rate, getting closer to zero during 2014, nothing close of the ambitious 2% benchmark set by central banks. Any small downward adjustment in the...

We’ve been saying for years that there should be limits to quantitative easing (QE) (or money printing) and fiscal stimulus after a debt and bubble boom like 1914 to 1929 and 1994 to 2007.These...

The Department of Transportation's Federal Highway Commission has released the latest report on Traffic Volume Trends, data through November. "Travel on all roads and streets changed by 1.1% (2.5...

Export container counts continue to weaken, which is usually a warning that the global economy is slowing. Export three month rolling averages continue to decelerate -- being in negative territory...

Residential building permits were soft in December 2014, but not as bad as last month. Construction completions continue to outnumber permits (showing that the future likely will be worse than today)....

The currency wars picked up steam yesterday with still more unexpected central bank actions. From Canadian Central Bank Unexpectedly Lowers Interest Rates.Canada’s dollar sank the most in more...

The Europeans were a bit of a mish-mash yesterday. It has certainly complicated the structure and made the immediate outlook rather fuzzy. The blip above 1.1638 hasn’t actually broken the...

Volatility confirms and often leads price. The VIX ratio's trend oscillator has been negative since December. This trend, illustrated by consecutive red and yellow painted price sticks, suggests cause...

In his State of the Union speech President Barack Obama effectively tried to take credit for rising U.S. oil and gas production and lower gasoline prices as if to refute the polls that report that the...

Normally I don’t try to answer the question to a title until the end of a writing but after providing some evidence for the conclusion, I will today. The answer to today’s title is easy,...

Housing starts in December rose a bit more than expected, the US Census Bureau reports, but the modestly upbeat news was marred by the decline in new building permits in last year’s final month....

The Federal Reserve's biggest worry and, frankly, every Central Banker on the planet, is deflation. The reason is that deflation, as an economic pressure, is dangerous and once entrenched becomes...

The Australian dollar is under pressure today after a report from the International monetary fund showed that they expect a slowdown in global growth this year adding to the woes of the commodity...