Commodities Forex News & Analysis

Forecasts for the Weeks of December 15 and 22

Here are the forecasts for upcoming economic data.

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Dumb Policies Frustrate Benefits of Falling Oil Prices

Falling gas prices add to holiday cheer, but those are not an unvarnished good for the U.S. economy-thanks to bad economic policy. Oil selling at about $65 a barrel oil prices gives consumers and many businesses a lot of additional buying power, but it also puts a damper on the U.S. oil and gas boom. [...]

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Jobs Jump in November but Outlook Remains Guarded

The economy added 321,000 jobs in November-a dramatic jump from October. Overall the economy is creating many more jobs, but the outlook remains guarded. Unemployment stayed constant at 5.8 percent because the jobs count is based on the survey of employers, whereas unemployment is based on a direct household survey. The latter indicated many fewer [...]

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Who Killed Black Friday?

Black Friday weekend is just not what it used to be. Despite falling gas prices, stock prices posting records, and buoyant consumer confidence, Thanksgiving weekend sales-in stores and on-line-were down about 11 percent from last year. Five forces combined to reduce this year’s spending binge-and most will endure in the years ahead.

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Schumer’s Con Job for the Middle Class

Senator Charles Schumer, in a recent speech, stated President Obama and Democratic majorities in Congress were elected in 2008 to get the economy working for middle class families. Consequently, assigning extraordinary priority to passing the Affordable Care Act was a mistake. In 2008, most middle class families had private insurance they liked; their incomes had [...]

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Week Ahead: Falling Oil Prices Boon to U.S. Growth and Forecasts for Upcoming Releases

This past week markets hit new highs on Wednesday, only to pull back a bit on OPEC’s decision to hold steady on production quotas. OPEC is in crisis because two of the three biggest oil producers-Russia and the United States-don’t participate in its market rigging activities. With Russia buffeted by sanctions and desperate for revenues [...]

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Obama’s Amnesty Further Fractures America

President Obama’s decision to ignore the law by granting de facto amnesty to millions of illegal immigrants brought to America as children and those who are parents of children with legal status was a terribly foolish act. It will only serve to exacerbate racial tensions. Polls indicate the overwhelming majority of whites view illegal immigration [...]

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Bull Market Has a Lot More Room to Run

Stocks are trading at record levels. Still the bull market could easily run equities up another 25 percent-even against the backdrop of slower economic growth abroad. The sagging fortunes of other advanced economies are mostly caused by structural problems that are unlikely to abate-in the European Union the rigidities imposed by a single currency, in [...]

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Obama’s Peculiar View of Economics and Law

President Obama has a peculiar approach to public policy. Listen to what the radical left wants, or political expediency requires, then make up the facts, twist economics and rewrite the law to suit. Here are four examples. 1. Obamacare

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Forecasts for the Weeks of November 17 and 24

Here are the forecasts for upcoming economic data.

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