on January 26, 2015

The last 10 days have seen turmoil in major currency markets: The Swiss National Bank gave up trying to devalue versus the euro, and the franc...

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on January 23, 2015

We now have full US Census Bureau data for housing starts in 2014, which shows: Starts returned to the 1m level for the first time...

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on January 22, 2015

Cotton prices appear to be collapsing again due to the surpluses created by central bank stimulus policies since 2009.  As the chart shows, these had...

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on January 21, 2015

The above chart highlights one major reason behind my forecast last August that oil prices were about to collapse.  This was that US inventories were so...

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on January 20, 2015

China’s reported  7.4% GDP growth for 2014 was the lowest in 25 years.  But even so, it probably still overstates the true economic position.  How...

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on January 19, 2015

  The world is about to be hit by a demand shock equivalent to 1973′s supply shock.  Yet, astonishingly, most commentators remain so focused...

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on January 16, 2015

Nobody can guess the outcome of the UK’s general election on 7 May.  This is astonishing, as it is only 4 months away. Currently,...

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on January 15, 2015

The bursting of the US energy bubble is looking more and more like a replay of the sub-prime bubble in 2008. As investor Warren Buffett has noted,...

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on January 14, 2015

There has never been any fundamental reason for oil to trade at $100/bbl since 2011: There hasn’t been a single moment when a consumer...

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on January 13, 2015

Suddenly, far too late, the world is catching up with reality.  Goldman Sachs and others yesterday halved their forecast for Brent oil to $42/bbl from $80/bbl. ...

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