The major news for the week, is the movement in the global oil market in response to the meeting in Algiers this week. OPEC (Organization of the Petroleum Exporting Countries) has agreed in principle to limit oil output to 32.5 million barrels a day. This would be from a high of 33.24 million barrels a day. Levels of crude production for individual countries,will be worked out at the upcoming meeting in Vienna. This is scheduled to take place in November. If successful […]
Global Investing Blog
Uruguay: A Bastion Of Stability In A Chaotic Region
The country of Uruguay has maintained a growing economy despite the economic chaos that had roiled South America over the past decade. Unlike a number of neighboring countries, Uruguay was able to avoid recession in the global financial crisis. This was due to increased investment in infrastructure and higher overall public expenditures. Growth which had slowed to 2.9% in 2009, resumed to a rate that exceeded 7% by 2010. Much of the economic success of Uruguay, is due to a strong export […]
Weekly Market Review & Target Fills September Week 4
The big news was the rally in the equity markets, that began earlier in the week on a global scale. This was in response to the decision made by the United States Federal Reserve Bank (Fed) not to raise interest rates at this time. It is becoming increasingly unlikely that levels will increase at all in 2016, due to declining economic data. All three market exchanges in the United States (U.S.) saw gains reversing losses from last week The Dow Jones Industrial […]
Ukraine: A Generation Of Failure And Missteps
Independence for the Ukraine arrived in early December of 1991, after a referendum. It was practically inevitable, following the failed coup attempt against President Mikhail Gorbachev in August. The effort to replace him, actually accelerated the dissolution of the Soviet Union. The Ukrainian parliament had already passed a resolution in support of the upcoming vote, in making the former Soviet republic, a separate state on August 24th. That is why this date is recognized as Independence Day in Ukraine. The referendum itself […]
Weekly Market Review & Target Fills September Week 3
The big news was the decline in the equity markets that began earlier in the week on a global scale. This was a continuation of the sell off that began last Friday. It is due to fears of tightening monetary policies or a lack of further monetary stimulus as central banks run out of ammunition. All three market exchanges in the United States (U.S.) suffered their biggest losses since the Brexit vote in June. The Dow Jones Industrial Averages actually briefly dipped […]
Brazil: A New Economic And Political Beginning
The Brazilian Senate finally did what had become inevitable, that is the impeachment of President Dilma Rousseff on August 31st by a vote of 61 to 20. Her crime was the illegal manipulation of government accounts, but the real transgression was presiding over the worst recession in decades. Her approval ratings went from 79% in March of 2013, to around 10% in March of 2016. In violation of the law, the former president moved funds between various government budgets. Her objective was […]
Rise Of Nationalist Populist Political Parties Will Bring An End To European Union
The recent conservative party defeat in a state election, indicates that even in stable and prosperous Germany, there is rising discontent among voters towards the status quo. Chancellor Angela Merkel decided in 2014 for her nation and the European Union (EU) at large, that refugees from the Middle East would be permitted to migrate to Europe. For the first time in postwar history, the conservative Christian Democrats received fewer votes in a state election than a populist movement on the right. Their […]
Weekly Market Review & Target Fills September Week 2
The big news in the market this week is the rally in oil prices near the end of the week. American West Texas Intermediate (WTI) had advanced from $44.36 USD (United States Dollar) a week ago, to $46.84 USD. This is an increase of 5.59% in a week. Similarly, International Brent during the same period went from $46.72 USD to $49.12 USD. That indicates a 5.14% increase in the price. The price surge that arrived on Thursday which saw gains of 4% […]
Uzbekistan Facing An Uncertain Future
After nearly a week of doubt, it became clear that long time leader Islam Karimov of Uzbekistan had finally died. Since independence in 1991 from the former Soviet Union, he ruled the predominately secular country with an iron hand. Karimov had maintained sway over this Central Asian nation, since his appointment to power by the communist leadership in 1989. President Karimov has dominated the political arena in Uzbekistan for 27 years. Despite a two term constitutional limit, he was returned to office […]
Weekly Market Review & Target Fills September Week 1
The big news in the market this week is the downward movement in the major United States (U.S.) exchanges. Thursday saw the end of a 6 month winning streak in the Dow Jones Industrial Averages (Dow) and a 5 month streak for the Standard and Poor (S&P 500). Still, the 3 major U.S. exchanges remain in positive territory for 2016. The Dow is up +5.6%,the S&P 500 +6.2% and the technology heavy NASDAQ +4.1%. Investors continue to wait on the U.S. Federal […]