Whose Side Is OPEC On?
Crude prices are dropping. And since 80% of the price you pay for gas is the cost of crude oil, that means relief at the gas pump.
Archive for: Top Stories
JPMorgan’s $2 Billion Bet
Oops. JPMorgan lost $2 billion. And, just wait, the loss could double or more. By the time JPMorgan pays off its losing bet, the bank could be $8 billion in the red.
Investing Where the Sun Doesn’t Shine
My house is heated by oil. My stove runs on natural gas. My car takes gasoline. There’s not a solar panel to be seen. And I haven’t dug any holes in my backyard to tap into the earth’s natural heating system. Am I living in the past?
Video: Is the Stock Market’s Climb Finally Over?
Andrew Gordon discusses recent market turbulence and answer the question, is the stock market’s bullish climb finally over?
Three Reasons Why Quantitative Easing Isn’t Working
Why is printing trillions of new dollars not giving the US economy a bigger boost? Here are three reasons why… The “extra” money goes to banks, not you and me. We’re seeing little of this money. You can’t spend what you don’t have. We depend on small and medium-sized companies to generate
Europe’s March Towards Madness and Financial Ruin
Greece is on the precipice of political chaos. It’s anybody’s guess how long Italy’s technocrats can stay in power. And Spain could be on the verge of massive bailouts.
A New Force Igniting The Housing Sector
It’s a comment on how this country is run that while real estate in 99% of America’s towns and cities went down when the housing bubble burst a few years ago, Washington’s housing sector barely hiccupped.
Is the US At the Beginning of a “Manufacturing Renaissance?”
“Time to declare a manufacturing renaissance?” asks the LA Times headline.
I don’t think so.
Despite the fact that this is the 33rd month in a row that manufacturing, as measured by the Institute for Supply Management, has indicated sectorial growth.
