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January 2018 Philly Fed Coincident Index Year-Over-Year Rate Of Growth Again Marginally Improves

January 2018 Philly Fed Coincident Index Year-Over-Year Rate Of Growth Again Marginally Improves

The year-over-year rate of growth relative to the previous month of the US Coincident Index improved. A comparison of this US Coincident Index to other coincident indices follows.  Analyst Opinion of the Current Status of the Coincident Indicators The reality is that most of the economic indicators have moderate to significant backward revision – and this month […]
With Extreme Risk, Prepare For A Broken World

With Extreme Risk, Prepare For A Broken World

Between today and 2025, the world will be a very different place. We can learn nothing about the next 4 to 7 years from government, central bank or media propaganda as they neither understand what will happen nor tell the truth. But we can learn a lot from history. Most people rely on the internet […]
Investors Find Comfort In Brinkmanship Blinks

Investors Find Comfort In Brinkmanship Blinks

Global equity markets are higher, following the stunning recovery in the US yesterday, where the S&P 500 rallied 76 points or 3% from its lows to it highs, near where it finished. The outside up day is seeing following through today. Without China and Hong Kong, which are on holiday, the MSCI Asia Pacific Index snapped […]
GBP/USD Lengthy Consolidation Zone Awaiting New Critical Breakout

GBP/USD Lengthy Consolidation Zone Awaiting New Critical Breakout

GBP/USD 4 hour The GBP/USD is moving sideways at the 50% Fibonacci level of potential wave 4 (green) retracement. The support and resistance level of this consolidation zone are key zones for a bullish or bearish breakout. A bearish break could indicate that the current range is a wave B or 2 and increases the […]
EUR/USD: Current Situation Uncertain

EUR/USD: Current Situation Uncertain

Previous: On Wednesday the 4th of April, trading on the euro/dollar pair closed slightly up. Volatility was consistently high throughout the European session. Still, the exchange rates on the majors didn’t differ much from Tuesday’s closing prices. The trade conflict between the US and China is weighing down on the dollar, while giving a boost to […]
Not A Unique Equity Market: Higher Prices Ahead?

Not A Unique Equity Market: Higher Prices Ahead?

About a year and a half ago I wrote a post on the current equity market that broke out of a thirteen year trading range in 2013 and compared it to the bull markets of the 1950s and 1980s. A number of policy issues being pursued today have similarities to ones in those two decades and below […]
Some Thoughts On Chinese Tariffs On US Exports: Tariff Incidence, Value Added, Exchange Rates

Some Thoughts On Chinese Tariffs On US Exports: Tariff Incidence, Value Added, Exchange Rates

Reader Bruce Hall, opining on the impact of mooted Chinese tariffs on US hog and soybean exports. As with pork, it looks as if the cost of food is going down for Americans as the Chinese bury their citizens in food price increases. I’m teaching international trade this semester, so this is a good time to remind my […]
WTI Crude Oil And Natural Gas Forecast – Thursday, April 5

WTI Crude Oil And Natural Gas Forecast – Thursday, April 5

WTI Crude Oil The WTI Crude Oil market fell significantly during the trading session on Wednesday, reaching down to the previous uptrend line that has been keeping this market afloat. I think that the market will continue to be very noisy in general, and especially with the jobs number coming out on Friday. I think […]
Two Mines Supply Half Of U.S. Silver Production & The Real Cost To Produce Silver

Two Mines Supply Half Of U.S. Silver Production & The Real Cost To Produce Silver

Just two mines supply the United States with half of its silver production, and both are located in Alaska. It’s quite amazing that Alaska now produces half of the silver for the U.S. when only 30 years ago total mine supply from the state was less than 50,000 oz per year. The silver produced in […]
Sensex Up Over 450 Points; Metal Sector Up 3.7%

Sensex Up Over 450 Points; Metal Sector Up 3.7%

After opening the day on a positive note, stock markets in India have continued their momentum. Sectoral indices are trading on a positive note with stocks in the metal sector and realty sector witnessing maximum buying interest. The BSE Sensex is trading up 455 points (up 1.4%) and the NSE Nifty is trading up 147 points (up 1.5%). The BSE Mid Cap index is trading up by […]