Anti-Austerity Forces in Portugal and Spain
Anti-austerity forces in Portugal and Spain represent a threat to Germany and European unity. Yesterday, the leftist alliance defeated legislation in parliament that resulted in the end of Prime Minister…
Oil Oversupply – How long will it last?
News of Oil stored on ships (floating storage) puts more downward pressure on oil prices in the short-term. In addition, onshore oil storage are at all times highs, Chinese demand…
Copper Outlook
The slowdown in China combined with a stronger dollar have reduced the price of copper to its lowest rate in 6 years. Prices for the metal have declined over 20%…
Greece and Europe: Disagreement on Foreclosure Protection
The latest in the Greek saga has delayed the latest 2 Billion Euro aid tranche and has put a hold on the 10 Billion Euros earmarked for recapitalizing the banks.…
Oil Outlook
The bad news for oil keeps piling on. Oil has fallen for three out of the last four weeks and the number of oil rigs in the US according to…
December FED Hike – what now?
Mixed signals keep on coming from the FED regarding a rate hike. More economists and market participants are now convinced of a December rate hike. Chances of a hike did…