The U.S. saw average retail gasoline prices drop below $2 per gallon in early January, the lowest prices observed since 2009 during the depths of the global financial crisis. Cheap Continue Reading
England, birthplace of the Industrial Revolution, has been moving away from industry, shutting factories and steel mills. Throughout the 20th century, the global economy was fueled by burning coal to Continue Reading
America’s trade deficit widened in February to a six-month high as an increase in imports exceeded a more modest pickup in shipments overseas. The gap increased 2.6 percent to $47.1 Continue Reading
Federal Reserve Chair Janet Yellen raised more than a few eyebrows in a Mar. 29 speech by highlighting oil prices at less than $30 per barrel as a development that Continue Reading
The U.S. economy continued to shrug off fears of a global economic downturn on the back of consistent job gains, wage growth and resilient consumer spending. After entering the year Continue Reading
Construction tied to the natural gas and renewable energy sectors helped add to contract values in Texas, a report from the Dallas Federal Reserve found. A report last week from Continue Reading
International Monetary Fund researchers said the benefits from cheap oil may not materialize until demand in the global economy picks up and central banks in advanced nations move away from Continue Reading
The US economy added significantly more jobs than expected in February, but wages continued to stagnate, highlighting the dilemma facing the Federal Reserve over when next to raise rates. Friday’s Continue Reading
Oil price weakness is finally catching up with Texas oil producers and contraction is now expected throughout 2016, an industry economist said. Oil field services company Baker Hughes estimates 305 Continue Reading
We have been living in a world of rapid globalization, but this is not a condition that we can expect to continue indefinitely. Figure 1. Ratio of Imported Goods and Continue Reading
