Oil Prices Are Up Because of Asia: No Relief in Sight

Written by Gary North on March 6, 2012

Oil prices are up. Gasoline prices are up. Don’t blame Obama. Blame Asia. Asia now accounts for at least 30% of world demand for oil. This is going to increase. Now this rising demand is forcing Westerners to dig deeper into their wallets. As Asia gets richer, Asians buy more cars. They build more factories. […]

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Down Goes Industrial Production

Written by Gary North on December 19, 2011

The Federal Reserve has published the figures. They were headed lower in November. They had been rising in October. Industrial production decreased 0.2 percent in November after having advanced 0.7 percent in October. Factory output moved down 0.4 percent in November; excluding a drop of 3.4 percent in the output of motor vehicles and parts, […]

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Small Businessmen Remain Grimly Pessimistic.

Written by Gary North on November 15, 2011

The National Federation of Independent Business reports on business sentiment. It is bad. With 1986 as 100, October’s sentiment was 90.2. In January 2009, almost three years ago, it was 89.1. That was in the recession. This recovery is the weakest in post-Word War II history. Sentiment is a little better than in August, but […]

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