By EconMatters You have come a long way baby The lumber market has really come off the 2009 bottom of $140 per mbf and closed Friday at $399.80 per mbf on the back of good news out of the housing sector of the economy.
By EconMatters Trading: State of the Union I was visiting a large Oil trading floor last year, and they were having their big state of the union town hall on the floor and the CEO of the group that trading and marketing rolled up into talked about the dying volatility […]
By EconMatters Seaway Pipeline or Garden Hose This is hilarious if prices weren’t so damn high, but despite a robust export market for finished products, crude oil is backing up all the way to Cushing, Oklahoma, and is only going to get worse in 2013.
By EconMatters Where are all the Gold Bugs? The decline in GDP saw gold and silver spike yesterday with the thought that the fed will still be around a little while longer. But before that report traders have been selling into any Gold & Silver rally with the thought […]
Gas Prices Pegged to Risk On Trade
By EconMatters Energy and environment conservation has been high on every nation’s agenda probably even before the oil crisis in the 1970s. Green cars such as hybrids and electric cars have been gaining popularity as well as auto market share in the U.S. driven in part by high oil and […]
By EconMatters EIA Report The weekly EIA report came out today and one of the noteworthy data points was the Cushing, Oklahoma storage numbers. Already at a record, Cushing added another 1.8 million barrels to storage sending total Cushing stocks to 51.9 million barrels of oil in storage facilities at […]
The Great Recession and the very slow pace of subsequent recovery has sky-rocketed unemployment, as well as people on welfare and food stamps. A record high of 15 per cent, or 46.37 million Americans, were on food stamps in June last year — that’s almost one in every seven Americans. […]
EIA Inventory Data
Since the Global Community all the sudden seems to be preoccupied with Market manipulation even though the authorities knew it was a problem for over 5 years with Libor Rate Fixing. It is high time authorities look at the Crude Oil market which has been manipulated for the last decade […]
What a difference a year has made! About this time last year, the dollar seemed on the brink of disaster amid the debt ceiling debate at U.S. Congress. U.S. CDS spiked 430% in three months, and S&P downgraded the U.S. sovereign debt credit rating for the first time in history. […]
Silver has taken some serious beatings lately, but there seems to be a renewed optimism in the market place towards the white metal as Bloomberg reported that
The American Institutes for Research (AIR) published a report in August this year taking a look at the economic impact of college dropouts. The AIR analysis estimated that the cost to the nation from students who started college in fall of 2002, but failed to graduate six years later amounted […]
Independent trader and professional speaker (according to the bio page on his web site) Alessio Rastani caused quite a stir this morning when he went on BBC and said the following:
[credit provider=”Wikimedia Commons / www.flickr.com/tracy_olson” url=”http://www.flickr.com/photos/tracy_olson/61056391/”] The public debt of the United States has increased by over $500 billion each year since fiscal year (FY) 2003, and as of September, 2011, the gross debt was about $14.7 trillion, of which closed to $10 trillion was held by the public and […]