stock news

Oil: U.S. Output and OPEC Production Cuts

Off The Charts! examines the pertinent economic issues of the day, providing a deeper dive into complex topics and framing the issues in a way that can lead to a better understanding of the financial and commodities markets.

stock news

Oil: Is Climbing U.S. Production About to Peak?

Since October 2016, U.S. crude oil production has surged by over one million barrels per day, replacing more than two-thirds of what the Organization of Petroleum Exporting Countries (OPEC) was supposed to cut to shore up prices.  However, it looks like the growth in U.S. production is quickly running out …

stock news

Uneven Debt Levels Complicate Eurozone Monetary Policy

Former British Prime Minister Winston Churchill once remarked that Americans could always be counted on to do the right thing after having tried everything else.  The same could be said of the European Central Bank (ECB) for what it did over the past decade in the aftermath of the financial …

stock news

China: Does Yield Curve Portend a Recession?

Off The Charts! examines the pertinent economic issues of the day, providing a deeper dive into complex topics and framing the issues in a way that can lead to a better understanding of the financial and commodities markets.

stock news

Will China’s Flat Yield Curve Flatten Commodities?

In the United States, one factor appears to do a better job of forecasting economic downturns than any other: the shape of the yield curve.  Over the past 40 years, there have been five sustained yield-curve inversions – when long-term interest rates are lower than short-term rates — and each …