The massive floating storage volumes that built up earlier this year are unloading. But very, very slowly. In aggregate, they’re dripping out. Meanwhile, oil demand is growing, but again, very slowly. Incremental oil demand is a trickle, not a flood.
Much of the top 10 biggest advertising spenders are in the telecommunications industry, but it is retail giant Amazon that tops the list with an advertising spend of almost $7 billion.
...a proliferation of parasitic elites, a weakening of state finances and a decline in the purchasing power of wages/labor... All three are playing out globally in the present.
The AIA data indicates that business conditions are the softest at firms in the Northeast. Billings continued to decline at firms in the rest of the country as well...
How wrong we all were about Italy. Europe’s least competitive economy with the highest debt load (155% of GDP) commands premium pricing... and all be because the ECB has enabled it...
Last week, California Pizza Kitchen canceled its auction after no worthy bidders came forward to buy the casual-dining chain. The result: The company will likely end up in the hands of its lenders.
