IEA warns on economic downturn, lower oil demand
5th July 2009 by

Crude oil markets have risen 60% in recent months, as traders speculate on a quick V-shaped economic...

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Gasoline markets slip, financial markets stumble
23rd June 2009 by

Yesterday’s financial market action was very revealing. As Olivier Jakob of Petromatrix percep...

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US unemployment hits 9.4%
8th June 2009 by

The US unemployment rate is now at its second highest level since records began in 1948. It was only...

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US Fed supports Wall Street earnings, ignores corporate sector risks
10th May 2009 by

In July 2007, the US Federal Reserve warned that “credit concerns were spreading” and es...

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EU sees 11% jobless; US banks raise interest rates
5th May 2009 by

The European Commission has again reduced its growth forecast for the EU. It now sees a 4% decline i...

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US housing starts stabilise
18th April 2009 by

As the blog had hoped, US housing starts have stabilised in recent weeks. As the chart from Wall Str...

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US auto sales start to bottom
4th April 2009 by

The blog may be over-optimistic, but as with US house markets, it is hopeful that US auto market may...

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