China Fakes Trade Surplus

Latest research figures carried out by the Bank of America Corp. are set to rock the economies around the world once again. Has China been hiding the real state of its economic data? It would seem that the PRC hasn’t been quite as honest as it might have us all believe! According to the Bank…

Goodbye Inflation, Hello Better Times

The Office for National Statistics in the UK has just released new figures showing a drop in price pressure that turns out to be better than expected. To all intents and purposes, this means that the gap is closing between price increases and wage rises. The hike in prices that we have been enduring for…

Bernanke's Testimony to Congress and FOMC Minutes Preview

THE IMPORTANCE OF BERNANKE’S TESTIMONY Fed chairman Ben Bernanke’s testimony to Congress will be important in setting the tone for the markets (particularly the dollar, equities and US treasuries), as traders hunt for clues on when the Fed is likely to ease its rate of asset purchases. The greenback surged last week, with the dollar…

“Leadership” or Lack Thereof

Recently in the United States we’ve heard news that the IRS (Internal Revenue Service) is guilty of discriminating against conservative “non-profit” or not-for-profit entities.  Any group with the name “Patriot” or “Tea Party” in their name was immediately held as suspect and the IRS in essence dragged their feet in terms of granting them a…

Commodities – Brent Crude and Natural Gas 5/14/13

Brent Crude On May 14th the June Brent contracts were trading at $102.72/bbl which was down $0.37/bbl from the day before.  Data from the US and China has not been very constructive for the Brent, with US gasoline sales down 4.7% y/y in April. Natural Gas The forecast is for 90-100Bcf inventories injection for week…

US Economics for Mid-May, 2013

Improvement in the Small Business Optimism Index in April The Small Business Optimism Index gained in April to a level of 92.1 from the previous level of 89.5.  This new Small Business Optimism Index is now at the highest level in six months, and has caused what many have considered a full reversal of any…