Oil prices continued to plummet on Wednesday while gold was enjoying its best time in six months with the release of U.S. manufacturing data for December, which appeared to show a shrinking American economy. The Institute for Supply Management Manufacturing Purchasing Manager Index (ISM PMI) came in at 48.4 in December, or 0.6% lower than November’s reading. Anything below 50 indicated contraction. The 48.4 PMI is equal to a 0.1% drop in real gross domestic product on an annualized basis, according to the ISM PMI. “Regarding…
Latest
Saud Arabia’s Oil Gamble Pays Off With $95 Brent
When back in July Saudi Arabia announced voluntary additional oil production cuts, traders brushed them off. Prices did not move. Everyone was preoccupied with demand in China and the U.S. Three months later, things look very different. The Saudis and ...
Saud Arabia’s Oil Gamble Pays Off With $95 Brent
When back in July Saudi Arabia announced voluntary additional oil production cuts, traders brushed them off. Prices did not move. Everyone was preoccupied with demand in China and the U.S. Three months later, things look very different. The Saudis and ...
Is The US Military Laying The Groundwork To Reinstitute The Draft?
Is The US Military Laying The Groundwork To Reinstitute The Draft?
Authored by Zachary Yost via The Mises Institute,
The most recent edition of the US Army War College’s academic journal includes a highly disturbing essay on what lessons ...
Popular
Saud Arabia’s Oil Gamble Pays Off With $95 Brent
When back in July Saudi Arabia announced voluntary additional oil production cuts, traders brushed them off. Prices did not move. Everyone was preoccupied with demand in China and the U.S. Three months later, things look very different. The Saudis and ...
Saud Arabia’s Oil Gamble Pays Off With $95 Brent
When back in July Saudi Arabia announced voluntary additional oil production cuts, traders brushed them off. Prices did not move. Everyone was preoccupied with demand in China and the U.S. Three months later, things look very different. The Saudis and ...
Is The US Military Laying The Groundwork To Reinstitute The Draft?
Is The US Military Laying The Groundwork To Reinstitute The Draft?
Authored by Zachary Yost via The Mises Institute,
The most recent edition of the US Army War College’s academic journal includes a highly disturbing essay on what lessons ...
© 2022 tagDiv. All Rights Reserved. Made with Newspaper Theme.