If one number summarizes the oil price meltdown, it’s 74,119.
The arrest of alleged flash-crash architect Navinder Singh Sarao could reshape the debate over high-frequency trading.
These three charts illustrate where the crude oil market has been – and where it’s headed from here
Blogger Ben’s work is already done. In his very first substantive post as a civilian he gave away all the secrets of the monetary temple. The Bernank actually refuted the case for modern central banking in one blog. In fact, he did it in one paragraph. This one. A similarly confused criticism often heard is that the…
I see #1 and #4 as the most likely triggers of a rise in Treasury yields.U.S. Treasury bonds (10-year and 30-year) topped out above 15% in late 1981, and have traced a sawtooth pattern down ever since. The 10-year bond now yields 1.92% and the 30-…
Those who refuse debt, regardless of the sacrifice, are starving the parasitic, exploitive machine; those with debt are feeding it.We hear a lot about debtors, and very little about undebtors. I define an undebtor as an individual or entity t…
Brookings scholars share my view that American industry remains in struggle, not renaissance mode. Two aspects of its newest manufacturing report are especially worth highlighting:
Average monthly job creation has been so strong for the past year (259,000) that it’s produced the best such performance since the late-1990s.
The market has come to a dead stop a little below resistance and a little above support.
Fed Chair Janet Yellen made some minor trade-related headlines (in the greater scheme of things) when she reportedly told the Senate Banking Committee that she opposed including enforceable disciplines on currency manipulation in trade agreements.