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Banking Is Big...A Little Too Big. Here's Why.
Thursday, July 30, 2015 - 11:40am | 795Read More...Banking is big in America. In 2014, U.S. banks issued trillions of dollars in credit -- equivalent to 245 percent of the nation's total economic output, according to the World Bank. In 2013, these banks' assets added up to almost 90 percent of GDP. But with the American financial sector...
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Futurist Sees Oil Hitting $80 Per Barrel In 1-2 Years
Friday, June 26, 2015 - 5:03pm | 273Read More...Economist and futurist Chris Martenson says oil prices will rise to $80 "within one or two years." The founder of the web site Peak Prosperity told Benzinga that oil "has to at least cost the marginal cost of production. That's at least $80 a barrel in this world." Oil Oil prices trended down...
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Friday's Jobs Report: What Experts Are Saying Ahead Of The Release
Thursday, June 4, 2015 - 5:15pm | 790Read More...The U.S. Bureau of Labor Statistics will release its unemployment figures for the month of May on Friday at 8:30 a.m. EST. Consensus expectations are that the unemployment rate will remain at 5.4 percent, which is what it was after April, and that the U.S. will gain a net of approximately 225,000...
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Economic Researcher: Bankruptcies, Defaults Coming In Oil Production Companies
Tuesday, May 5, 2015 - 1:34pm | 452Read More...Chris Martenson was recently a guest on #PreMarket Prep, a daily trading idea radio show hosted by Joel Elconin and Dennis Dick. Chris Martenson, an economic researcher and futurist specializing in energy and resource depletion, said that oil prices will need to move much higher before it is...
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Economist Points Out A Curious Number In The Jobs Report
Friday, February 6, 2015 - 3:18pm | 154Read More...Economist and PeakProsperity Co-Founder Dr. Chris Martenson told Benzinga about a concerning number in Friday’s jobs report. There was no change in mining activity in the employment data which “includes the oil patch,” according to Martenson. “That was a big surprise...
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Economist On Low Oil Prices: Concern Is For A Year Or Two From Now
Wednesday, December 17, 2014 - 12:42pm | 128Read More...Economist and Peak Prosperity Co-Founder Chris Martenson told Benzinga that the concern for low oil prices should be on what happens in a year or two if OPEC doesn’t cut production. He explained that $150 billion worth of oil production projects have been pulled, in addition to shale well...
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Economist Says OPEC Not Cutting Production For 'Non-Economic, Possibly Political' Reasons
Wednesday, December 17, 2014 - 12:30pm | 178Read More...Speaking to Benzinga, Economist and Peak Prosperity Co-Founder Chris Martenson said that “below board” discussion on why Saudi Arabia and other members of OPEC don’t want to cut oil production lead to “non-economic” reasons. “Just look at the numbers,”...
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Why Federal Reserve Tapering is At Least 1.5 Years Away
Tuesday, June 25, 2013 - 2:13pm | 462Read More...Editor's note: Dr. Chris Martenson's sentiments on China's economic trends can be read here In an exclusive interview with Benzinga, Dr. Chris Martenson explained why he thinks Federal Reserve tapering will not happen soon. According to Martenson, tapering will occur in one and a half years at...
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How Long Will it Take for China to Meet or Beat the U.S.?
Friday, June 21, 2013 - 12:41pm | 813Read More...Is China on the cusp of economic dominance? HSBC reduced its forecast for China's gross domestic product, indicating that the nation could be in for some near-term trouble. The forecast reduction came after export growth experienced a significant decline in May. Despite these setbacks, Chinese...
