Financial Sense

Driverless Cars Poised to Transform Automotive Industry
Oil Price's picture

The newest Mercedes autonomous car looks like a car on the outside but like a lounge on the inside, with four swivel seats facing each other in a multimedia bubble of padded leather and walnut veneer.

Crude Oil Inventories Should Peak Soon
Robert Rapier's picture

There are many moving parts in this storage picture. One of those, as I explained in the previous article, is refinery demand. This piece of the picture seems to be largely lost in the storage discussion, so...

Saudi Arabia and Iran Compete in Yemen
Stratfor's picture

While the al-Houthi movement struggles to manage multiple regional challenges to its north, its rise to power in Yemen is a setback for Saudi Arabia on its southern flank. After the fall of the Yemeni government...

Weather Constrained Retail: Focus on Outdoor Dining
Andrew Zatlin's picture

Demand-pull inflation – too much money spent chasing too few goods – should be present by now. An increase in payrolls means more wages. More wages means more retail spending. All three are currently accelerating.

The Monetary Approach Reigns Supreme
Steve Hanke's picture

We are still in the grip of the Great Recession. Economic growth remains anemic and below its trend rate in most parts of the world. And what’s more, this state of subdued economic activity has been with us for over seven years.

The Tried-and-True Blueprint for Raising Taxes
Charles Hugh Smith's picture

As the global economy slides into recession and the U.S. economy catches a cold, the blueprint for raising taxes will be dusted off in every state. The blueprint for raising taxes in the modern era was first established in 1913...

Big Four Economic Indicators Weaken – Weather or Recession?
Doug Short's picture

Official recession calls are the responsibility of the NBER Business Cycle Dating Committee, which is understandably vague about the specific indicators on which they base their decisions. This committee statement is about as close as they get to identifying their method.

Can Money Flows Push Equity Prices Much Higher?
Urban Carmel's picture

The S&P rose 30% in 2013. In 2014, it was up just over 10%. Since the start of the "best six months of the year for equities" in November (nearly 5 months ago), the index is up 4%. Any number of factors could account for...

Fed's Bullard: Raise Rates or Face ‘Devastating’ Bubbles
Michael Shedlock's picture

The laugh of today comes from Fed non-voting member James Bullard who says Raise Rates or Face 'Devastating' Bubbles. "The U.S. risks inflating asset price bubbles with 'devastating consequences' if it leaves interest rates at...

Q1 Earnings Season Is Going to Be Ugly
Sheraz Mian's picture

Alcoa’s (AA) earnings release on April 8th will put the spotlight on the Q1 earnings season. But trends in estimate revisions are setting up Q1 as a very weak reporting cycle. The magnitude of negative revisions that...