Markets
Russia 1998 – A Currency Devaluation and Sovereign Debt Default Case Study
Russia's collapsing currency and rapidly rising interest rates have been front page news in the media over the past month. Here is a chart that ……Read More
Business
Economy
Why Are Consumers Pessimistic?
While consumer sentiment has, in general, been on the upswing since the Great Recession, as we can see in this chart from FRED, even at ……Read More
Economy
The Comeback of Political Soft Money
Hidden in the trillion dollar 1774 page spending cromnibus (continuing resolution and omnibus) bill pasted together by Congress to avoid yet another government shutdown was ……Read More
Economy
Jobless Claims Statistics – How Useful Are They?
Every Thursday morning at 09:30 Eastern Time, the investment world gets a vague notion of what is happening in the American economy through the Initial ……Read More
Economy
Overstated Tight Oil Reserves and a False Sense of Energy Independence
A recent publication, "Drilling Deeper", by J. David Hughes on behalf of the Post Carbon Institute has proven to be a most interesting resource in ……Read More
Markets
Could falling oil prices spark a financial crisis?
The oil and gas boom in the United States was made possible by the extensive credit afforded to drillers. Not only has financing come from ……Read More