Peak oil? “Baloney,” says Stephen Taylor. However, significant price differentials make for a complicated global market. On that front, Taylor’s message is simple: Watch the news to see where the wells are gushing, choose stocks with low operational costs and keep cash on hand for quick near-term profits. Learn which companies are priced . . . → Read More: Taylor Asset Management CEO Busts the Peak Oil Myth
Speaking of data produced in Harrisburg, last week was the monthly dump of labor force data for the state. All bad, right? Let’s go beyond the headline and look at national data to do some simple benchmarking to see how Pennsylvania did compared to other states. I’ll only pose one question with this which . . . → Read More: Trouble in Paradise
The Mortgage Bankers’ Association purchase index will be released at 7:00 AM Eastern time, providing an update on the quantity of new mortgages and refinancings closed in the last week.
At 10:00 AM Eastern time, the Existing Home Sales report for July will be released. The consensus is that existing homes were sold at . . . → Read More: Economic Events on August 22, 2012