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Archives by Year:
Cryptocurrencies Are Non-Financial Collective Equity
One of the troubles with understanding the cryptocurrency boom is that the existing definitions aren’t consistent. We call all of these things “currencies”, but that implies that they are all money which is incorrect. For instance, Filecoin is basically a decentralized version of Dropbox. It isn’t a currency at all. It has an exchange value, […]
October 2017 Beige Book: Reading Between The Lines – Rate Of Economic Expansion Unchanged
The consolidated economic report from the 12 Federal Reserve Districts (Beige Book) stated “activity increased in September through early October, with the pace of growth split between modest and moderate”. The previous report stated “expanded at a modest to moderate pace across all twelve Federal Reserve Districts in July and August“. Analyst Opinion of this […]
A Cloud Over Housing
In September builders started fewer homes than the month before, which means the peak this year was in June, and since then housing starts have been falling. September fell 4.7% from August. Still they were higher by 6.1% from a year ago so not all is dire. It is a concern that this is the […]
5 Top-Performing Vanguard Mutual Funds Of 4Q17
Vanguard, the biggest fund family of the United States in terms of asset under management, is expected to put up a stellar show in the final quarter of this year. It offers a variety of investment options from index funds to key actively managed funds. The company helps to create effective investment goals with a […]
Rio Tinto Drops After Being Charged With Fraud By SEC, Fined In The UK
Shares of Rio Tinto (RIO) dropped in morning trading after the mining and metals company and two former executives were charged with fraud by the U.S. Securities and Exchange Commission for inflating the value of coal assets. SEC CHARGES: The SEC charged Rio Tinto, its former Chief Executive Officer Thomas Albanese and former Chief Financial […]
The Euro’s Complicated Top
This Great Graphic depicts the top the euro is carving. We suggest that several fundamental developments lie behind the price action. Interest rate differentials are widening interest rate differentials favoring the US. Speculative market positioning is leaning heavily long euros. European politics no longer the tailwind that it was, it is not surprising that the euro appears to […]
Dow At 23,000, Now What?
By Steve Sosnick (Video length 00:01:38) Steve Sosnick, Chief Options Strategist at Interactive Brokers, examines the state of the market as the Dow hit 23,000.
Beige Book Signals Inflation & Healthcare Concerns Amid Modest Growth
Despite major disruptions from Hurricanes Harvey and Irma, all 12 Federal Reserve Districts indicated that economic activity increased in September through early October. Several Districts noted increased manufacturing input costs, citing storm impacts (with 58 mentions of the word Hurricane) and labor constraints (employers were having difficulty finding qualified workers), but The Fed notes healthcare service providers were less upbeat. Full Fed Summary: […]
Five Decades Of Middle-Class Wages: September 2017 Update
We’ve updated this series to include Friday’s release of the Consumer Price Index as the deflator and the September monthly employment update. The latest hypothetical real (inflation-adjusted) annual earnings are at $37,346, down 12.9% from 44 years ago. The Bureau of Labor Statistics has been collecting data on this workforce cohort since 1964. The government […]
