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Monthly Archives: September 2024
IEA: global oil demand “slowing sharply”
Global oil demand growth is “slowing sharply” as China’s economy cools, pushing prices to a three-year low, the International Energy Agency said. World consumption increased by 800,000 barrels a day in the first half of the year, barely a third of the expansion … Continue reading
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Lacy Hunt economic update
Ted Oakley interviews Dr. Lacy Hunt regarding the U.S. economy, world economy, Federal Reserve, and interest rates. Here is a direct video link. Meanwhile, the effective corporate tax rate for large S&P 500 companies is at a multi-decade low of … Continue reading
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Small businesses warn of weak outlook
The outlook for small business earnings has been contracting since 2019, retreating below the pandemic bottom in August, with no turnaround yet. The glaring outperformance of S&P 500 operating earnings (in light blue below) above small business earnings since 2023 … Continue reading
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