China Slowdown Or Greek Recovery–Brent Stays Above $125
Brent crude is still at nearly an all-time high of $125. If the price persists, many experts believe it could curtail much of the world’s economy. Traders faced two conflicting pieces of news. The first is that China’s inflation rate…
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Brent crude is still at nearly an all-time high of $125. If the price persists, many experts believe it could curtail much of the world’s economy.
Traders faced two conflicting pieces of news. The first is that China’s inflation rate in February was a multi-month low of 3.2%. Certainly this means demand for factory goods is down and the the overall economy is slowing. The net effect–less need for crude.
On the other hand, Greece got its bailout which means an extraordinary default will not roil the banking system in the US and potentially cause a credit crisis which could worsen an recession which has already begun across much of the region.
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Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.
McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.
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A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.
TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.
McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.
