March 2017

The U.S. Economy, Payrolls & FOMC

In today’s post Gary Tanashian looks at ten charts and indicators to give us a unique look at the trends of the overall economic situation, the state of the “economic recovery” and the employment situation. He looks at where the jobs are, how the average consumer is doing and even the debt to GDP ratio. I think you will find some real gems in his charts.

This week’s Notes From the Rabbit Hole included a little Payrolls/Wages related economic discussion before moving on to the usual coverage of stock markets, commodities, precious metals, bonds, currencies and related indicators and market internals. With FOMC on tap there will be more data noise directly ahead, but then I expect markets to smooth out into what is looking like a sensible short and intermediate-term plan.

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Oil Tanker

Is a Second OPEC Cut In The Cards?

In November 2016 with great fanfare OPEC announced a cut in production in an effort to drive up prices in light of the massive global supply glut partially the result of U.S. shale oil flooding the market. This supply glut had put every Oil producing country in fiscal straits (since most of the governments derive a substantial portion of their revenues from oil). It also squeezed the private U.S. shale oil producers who had racked up significant debt prior to the oil price crash. In the months since we have published several articles pertaining to the price of oil. Initially OPEC’s production cut drove up oil prices but in Oil Prices High Enough to Spark Shale Rebound we showed that Shale production was capping the oil price gains.

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