Business

After a week like this:

• Retail Sales Tumble
• Industrial Production Plunge
• Inventories-to-Sales Surge
• 30Y Yield UNCH
• Oil UNCH
• Small Caps +3%

This seemed appropriate:

As the following chart showing the collapse in trading revenue across the banks who have reported Q1 earnings so far shows...

... it has been a very bad start to the year for America's largest, too big to fails/too big to prosecute.

It has been just as bad for bank employees, but while most US banks have seen the occasional drib and drab here and there, nothing compares to Barclays, which in the past 4 months has fired a stunning 8,000 workers.

As we've covered extensively in the past (here and here), home prices and vacant offices in Calgary have been a complete disaster as a result of the collapse in oil prices. Recall the troubling divergence in home prices that Calgary is experiencing in relation to other major cities in Canada.

And also, vacancy rates ebb and flow with the price of crude.

By EconMatters

Citi Research fails to address the Fundamentals side of the equation, the Doha Meeting is Meaningless in the overall scope of the Oil Market.

Submitted by Eugen von Bohm-Bawerk via Bawerk.net,

In the latest semi-annual Keynesian incantation spewed out by the world’s best pseudo-scientists, we learn that growth has been too slow for too long and that in itself is the cause of slow growth.