by Reverse Engineer, Doomstead Diner
An analysis of why the Oil price crash is driven by Demand Destruction rather than manipulation by Oil producers or Geopolitics.
Econintersect: Every day our editors collect the most interesting things they find from around the internet and present a summary "reading list" which will include very brief summaries (and sometimes longer ones) of why each item has gotten our attention. Suggestions from readers for "reading list" items are gratefully reviewed, although sometimes space limits the number included.
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by Steven Ashby, The Conversation
The connections between technology, urban trading, and international economics which have come to define modern living are nothing new. Back in the first millennium AD, the Vikings were expert at exploring these very issues.
Infographic Of The Day: Solar Energy
The sun offers an amazing source of power, putting out 3.8 x 1026 watts.
by John Robb, Daily Reckoning
Here"s a new way to think about something that should be obvious...
To the politicians in DC and financiers in New York, Saudi Arabia is an island of stability in a sea of chaos. A reliable ally, willing to keep the oil flowing, year in and year out. A place that"s not vulnerable to the instability that routinely guts the countries around it.
Investing.com Technical Analysis (as of Thu, 26 February 2015 05:00pm EST)
by Investing.com Staff, Investing.com
Below, technical overviews and analysis for key stock indices, commodities and currency pairs, based on market activity at the close of the 26 February 2015 U.S. session. This information is a comprehensive summary derived from simple and exponential moving averages along with key technical indicators shown for specific time intervals.
Econintersect: Week 7 of 2015 shows same week total rail traffic (from same week one year ago) declined significantly according to the Association of American Railroads (AAR) traffic data. Intermodal traffic, which accounts for half of movements, continued to contract year-over-year. Although it is assumed part of the intermodal decline was caused by labor issues at the West Coast Ports, and another part was caused by a large decline in coal production - it does not explain a good portion of the decline.