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Archives by Year:
Trying To Save Monte Paschi – Oldest Bank In The World
The EU Commission is looking to bailout Monte Paschi by eliminating more than 5,000 jobs. The Monte Paschi plan that was presented last October called for 2600 layoffs. It is the oldest surviving bank in the world and the third largest Italian commercial and retail bank by total assets. This makes it a critical bank in Italy. It has […]
EURUSD: Bearish, Retains Its Downside Pressure
EURUSD: With the pair continuing to retain its downside pressure, more weakness is expected in the days ahead. Resistance comes in at 1.0650 level with a cut through here opening the door for more upside towards the 1.0700 level. Further up, resistance lies at the 1.0750 level where a break will expose the 1.0800 level. […]
Uh-Oh. Core CPI Posts First Decrease In More Than 7 Years
Well, what did we say on Thursday evening? You need to keep a close eye on the bursting US auto bubble because while you’ll hear plenty of folks explaining how “contained” it is or how unlikely it is to become “systemic,” you’re going to see references to it popping up everywhere you look over the next six […]
Sorry, Goldman: The Loan Collapse Is Real
Two weeks ago, in order to preserve Goldman’s happy narrative that US growth is still strong (which is ironic because while on one hand Goldman tells its clients to buy the dollar, at the same time it tells Trump to short it), Goldman tried to justify the apparent collapse in loan growth, which as we Goldman tried to […]
Beware Of Delusional Market Timers
This past week has seen a lot of whipsaw. But, from an Elliottician’s perspective, it was to be expected, as the market has been tracing out a b-wave within a corrective 4th wave structure. This is the most variable segment within Elliott’s 5 wave structure, and typically acts just as we have seen over the […]
Can Self-Driving Cars Ever Really Be Safe?
Analysts estimate that by 2030, self-driving cars and trucks (autonomous vehicles) could account for as much as 60 percent of US auto sales. That’s great! But autonomous vehicles are basically computers on wheels, and computers crash all the time. Besides that, computers get hacked every day. So you gotta ask, “Can self-driving cars ever really be […]
E A Lesson In Insolvency
Many different types of insolvency proceedings exist, including receivership, protection under the Companies’ Creditors Arrangement Act (CCAA), and bankruptcy. But, what are they and how are they different? According to Jeffrey Carhart, partner at the law firm Miller Thomson, perhaps the simplest way to understand the differences is to think about who is “in control” […]
USD/JPY Forecast April 17-21
The yen sparkled this week, as USD/JPY dropped 170 points last week. The pair closed the week at 108.55, as the yen climbed to 5-month highs. There are just four releases this week. Here is an outlook for the highlights of this week and an updated technical analysis for USD/JPY. The yen took advantage of soft US consumer numbers, as CPI […]
EC The CPI Is A False Guide For Monetary Policy
For years the Federal Reserve and many other central banks around the world have declared that a key element of monetary policy is targeting the annual price inflation. Now the Federal Reserve has suggested that that target rate may be “temporarily” raised to – well, they have been less precise about that. As measured by […]
A Silver Price Seasonality Chart
We talked about silver for the medium term in yesterday’s article Silver Price Close To Major Breakout. As discussed, the article was focused on a potential tactical breakout in silver, leading to a short to medium term bull market. Readers reacted on that article, asking what to make out of it in the bigger scheme of […]
