About fifteen years ago the common mantra on Wall Street was that the business cycle is dead partially predicated by the mutlipolarity and interconnecting business relationships.  Why would ABC go to war against XYZ for ABC owns businesses/lent money to XYZ.  Economic interests would reign...

In my view January’s labor report was strong in many dimensions.  Non-farm payrolls rose by greater amount in January than expected.  More importantly the December’s and November’s were revised higher.  The unemployment rate did rise to 5.7% from 5.6% but this was the result of...

Oil was crushed about 8.5% yesterday following a rise in inventories.  As noted oil just had its biggest gain in six years, gaining 19.5% in four days for a myriad of reasons including a vastly oversold market, lower rig count and statements from OPEC suggesting...

Friday the Greece finance minister stated it will not seek an extension of its bailout agreement declaring “we don’t plan to cooperate with that [Troika of the official creditors] committee.” If neither the ECB nor Greek blinks as the ECB has adamantly stated Greece is...

I am happy to see January over.  It was a tough month, in my view one of the toughest months since 2008-09.  Was January the culmination of difficult 7 or 8 months for as I look backwards, April or May was the last time the...