Crude inventories point to lower demand and slower economy
Anita Das
Nov. 1, 2006

The crude inventories data when analyzed very closely shows a serious trouble the supply demand equation. While supply of the crude and the refined products have slightly increased the demand has slowed over the long run. The prices may jump a little but is headed towards below $50 a barrel in the intermediate term and below $30 a barrel over the long haul.

All bear markets manifests some short covering panic bull rallies. They are always short lived till the major trend takes over again.

The extra capacity of oil and gas output especially from the Russians and panic uncovering of hoarded oil by the oil companies are the root cause for excess supply. But what is the root cause of slower demand is the underemployed tired economy.

Crude inventories point to lower demand and slower economy
Anita Das
The extra capacity of oil and gas output especially from the Russians and panic uncovering of hoarded oil by the oil companies are the root causes for excess supply. But what is the root cause of slower demand is the underemployed tired economy.
READ MORE>>

Lower auto and truck sales figures show auto manufacturers leading the coming recession
Susan Rai
The car and truck manufacturing figures show what Chicago PMI confirmed. The recession has started and is at an early stage. The opposite direction of the stock and bond market is also an indication of the same...
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Falling ISM prices index shows slower growth, lack of pricing power and stealth deflation – stock market crash?
Peter Oberois
Corporations are facing lack of pricing power. That is creating a massive underwater current that can finally create a crash in the stock market.
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ISM Manufacturing data shows the economy is struggling to float above water plagued with underemployment
Arun Sinha
Market expects the ISM data to come around 53.0 a notch above last month’s 52.9. Anything-above 50 shows that the economy is still expanding.
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Home Resales Pending data shows slow but steady depletion of real estate values – result of debt, underemployment and stagflation
Tarun Sikhdar
The pending resale of home figure is a clear indication that real estate prices will decline slowly as people understand there is nothing much left in that sector other than owning their own residential properties...
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Lower construction spending is another sign of very weak real estate market and underemployed stagflation plagued economy
Sam Adelton
After providing all that incentives, the builders understand they cannot sustain the sales. The population growth is there but the underemployment in the economy will not allow selling homes and condos at that price levels.
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Market expected Conference Board Consumer Confidence at 109.5 but it came 4% short – another confirmation of recession
Sam Adelton
The stock market will be hurt the worst. While rates will remain comparatively high, the growth and earnings will collapse.
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