Global Economy

Bill Blain: Is Today The Day?

"I came to the conclusion Oct 12th is as good as any other day for a market correction – and its almost 30-years since the October Hurricane and the Black Monday Crash of 1987 (which I remember well), so why not October 12th."

Global Stocks Hit New Record High, Dollar Mixed After Dovish Fed

In a trend observed every day this week, S&P futures are slightly in the red ahead of a post-open ramp with the VIX rising to 9.91, as Asian shares climb, European stocks are little changed. WTI crude pares recent gains, slipping below $51 after API showed an unexpected crude build.

Nouriel Roubini's "Good, Bad, & Ugly" Scenarios For The Global Economy

The IMF, which in recent years had characterized global growth as the “new mediocre,” recently upgraded its World Economic Outlook, but are they right to think that the recent growth spurt will continue over the next few years, or is a temporary cyclical upswing about to be subdued by new tail risks?

European Stocks On Edge Ahead Of Catalan Independence Call, S&P Futures Rise

S&P futures are again modestly in the green as European shares hold steady ahead of a meeting of the Catalan regional parliament and a possible declaration of independence by Catalan leader Puigdemont, while Asian shares rise a the second day. The dollar declined for the 3rd day, its losses accelerating across the board amid growing concerns that Trump's tax reform is once again dead.

How Columbus Revolutionized The Global Economy

"Columbus Day this year brought with it the usual acrimony, with the usual talking points declaring European settlement of the Americas to be “the most massive act of genocide” in world history. However, few pundits ever take a serious look at the economic implications of the relatively underpopulated lands in the Americas..."