Between Deflation and Fiat Credit: China Grapples with the Sins of the Past
The Chinese economy remains trapped in deflation. Falling prices reflect demographic shifts as well as politically induced overcapacity in real estate and industry. The export sector continues to act as a pressure valve, though it is increasingly facing international...
Read more …
Why $4 a gallon gas prices won’t trigger Fed interest rate hikes — and could lead to cuts
While there's still plenty of uncertainty about where rates are headed, Wall Street commentary shifted back to expectations for cuts.
Read more …
Gulf Drillers Win Exemption From Species Law
A federal panel voted unanimously on Tuesday to exempt oil and gas drillers operating in the Gulf of Mexico from a decades-old law meant to protect endangered species including whales, birds, and sea turtles.
Read more …
US Single-Family Home Prices Rise Moderately
U.S. single-family house prices increased moderately in January, but rising mortgage rates as the war in the Middle East drags on could sideline potential first-time buyers from the housing market.
Read more …
Consumer Confidence Inches Up Despite Soaring Gas
U.S. consumer confidence inched higher in March despite soaring energy prices brought on by the war in Iran.
Read more …
Trump to Allies: Buy US Oil or 'Fight for It'
President Donald Trump on Tuesday morning told countries unable to get oil due to disruptions in the Strait of Hormuz to "buy from the U.S." or "build up some delayed courage" and fight for it.
Read more …