Global Economic Review: February 2019

Americas   Economic Data for US Q4 2018 GDP came in at +2.6%, as consumption grew slightly less than forecast but business investment beat expectations. However, with the Federal government partial shut-down through January 25th, GDP for Q1 2019 is on the top of everyone’s minds.  The initial reading by…

Read More

February 2019 Global Commodity Snapshot

Where are the Black Swans?   By definition, a “black swan” is a very-low-probability, high-negative-magnitude-market-moving event that runs counter to conventional wisdom.  The global financial crisis in 2009 is the most recent example as beliefs that US housing prices could never fall across the country simultaneously led to massive systemic…

Read More

Global Economic Review: January 2019

Americas   Economic Data for US Q4 2018 GDP as forecasted by the Atlanta Fed ticked higher than last month to +2.7%, with strong employment and wage figures coming into play. However, with the Federal government partial shut-down through January 25th, GDP for Q1 2019 is on the top of everyone’s…

Read More

January 2019 Global Commodity Snapshot

Global Oil Production More-or-less stayed constant as OPEC+ declines were met with US increases. OPEC and Russian production cuts agreed upon at the December OPEC meeting quickly came into effect while Venezuela and Libya produced well under their quotas. OPEC oil supply fell in January by the largest amount in…

Read More