Dennis

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2015 Outlook For Global Stock Markets

Today, I release my 2015 outlook for the global stock markets. I think 2015 will be a year of growth for the world’s economies. The U.S. economy should also grow nicely; although, the current socio/political and economic risks (primarily overseas) have the capability of derailing global economic …

How low will oil fall? $30 is possible

Look out below! The plunge in oil prices may not be over just yet.<p>Oil took another hit Wednesday, sinking below $53 to a level last seen during the Great Recession. It's hard to recall that crude oil traded for over $100 a barrel as recently as July.<p>Few saw the energy meltdown coming. Now that it's …

Goldman's Top Economist Answers The 8 Most Important Questions For 2015

Here's a list of the questions and our quick summaries of his thoughts:<p><b>1. Will the US economy continue to grow above trend?</b> Yes. Domestic strength should offset weakness from other economies.<p><b>2. Will the dollar appreciation weigh on growth?</b> Yes, but it's manageable in the short term because of lower …

Russia forecasts economic slump as bailed-out bank gets more funds

MOSCOW (Reuters) - Slumping oil prices have put Russia’s economy on course for a sharp recession and double-digit inflation next year, government ministers said on Friday, as authorities scaled up a bailout for the first bank to succumb to this month’s ruble crisis.<p>The economy is slowing sharply as …

3 Reasons Why The Auto Industry Should Be Terrified Of The Google Car

The first prototypes of its adorable and potentially groundbreaking self-driving vehicle started rolling off the assembly line.<p>Over the next few years, we're likely to see them tooling around California's roads as Google strives to make fully autonomous cars a reality.<p>For the most part, the …