Financial Sense

Jobs Report Shouldn't Derail Fed Action
Sheraz Mian's picture

The jobs report came short of estimates, but the report’s internals are strong enough to keep the prospect of a Fed hike this month very real. The market’s initial reaction to the report reflects the view that this report takes us towards lift-off in the coming meeting.

Meet “Buzz” Draghi: To Infinity and Beyond
Michael Shedlock's picture

The never-ending push for 2% price inflation is absurd to the point of being counterproductive. However, stubborn central bank mules don't care about history or common sense. They just keep doing what their...

No, China Is Not Crashing
Monty Guild's picture

Since a global stock market correction began to unfold about two weeks ago, financial headlines have brought forward a number of causes—seasonal weakness, fears surrounding the impending Fed rate rise...

Global Growth Tensions Reflected in Diverging Data Points
Bill Witherell's picture

Confirmation of slower growth in China in August triggered further tumbling of global stocks on September 1st. The first of the month is when we get the Purchasing Managers’ Indexes (PMI) from Markit...

Europe Rethinks the Schengen Agreement
Stratfor's picture

When France, West Germany, Belgium, the Netherlands and Luxembourg signed the Schengen Agreement in 1985, they envisioned a system in which people and goods could move from one country to another....

Financial Sector to Cut Credit Supply Lines for Oil and Gas Industry
Oil Price's picture

More US oil and gas companies could come under financial distress in the coming months as crucial hedging protection begins to expire. Many companies had locked in high prices for their oil sales last year, allowing them...

ISM Non-Manufacturing: Continued Growth at a Slower Rate
Doug Short's picture

Today the Institute for Supply Management published its latest Non-Manufacturing Report. The headline NMI Composite Index is at 59.0 percent, down 1.3 percent from last month's 60.3 percent.Today's number came in above the forecast of 56.1 percent.

The China Slowdown: Who Loses in the Middle East?
Global Risk Insights's picture

Recent volatility in China’s stock market signals investors’ general skepticism about the economy’s prospects. However, Middle East oil exporters may stand to lose the most if the growth of Chinese oil consumption slows...

Signs to Watch for a Major Peak in Stocks and Impending Bear Market (Update)
Cris Sheridan's picture

So far, two of the three technical warning signs for a possible peak in the market have been raised. The most recent came in June as the market’s internal momentum failed to confirm the S&P 500’s new record highs. If past is prologue, the market will likely attempt...

Pettis: Chinese Debt-Related Shocks to Last for Years
Michael Pettis's picture

With so much happening in China in the past month it seems that there are a number of very specific topics that any essay on China should focus. I worry, however, that we get so caught up staring at strange clumps...