September 2018 - Page 18 of 239 -

US Tariff Levels Now At Emerging Market Levels

Sep 28, 2018 Jeremy Parkinson Finance 0

The following graph compares average tariff levels across countries. One can take comfort from the fact US tariff rates are historically low. I have two observations: We live in an era of global value chains so that the value added has been chopped up and split across nations. In this context, a tariff of 10% […]

The Case For The Federal Reserve To Revalue Gold To $5000

Sep 28, 2018 Jeremy Parkinson Finance, No picture 0

Mark Valek, partner at Incrementum AG and co-author of the In Gold We Trust Report, comes on SBTV to discuss reasons for holding gold today and the case for the Federal Reserve to revalue US gold holdings to $5,000/oz – an idea proposed by Jim Rickards. We get Mark’s thoughts on how the world will look like with $5,000 gold. […]

Sensex Trades On A Volatile Note; Metal, Realty Stocks Lose Most

Sep 28, 2018 Jeremy Parkinson Finance 0

After opening the day in green, share markets in India are trading on a volatile note and are presently trading above the dotted line. Sectoral indices are trading on a mixed note, with stocks in the IT sector and stocks in the pharma sector witnessing maximum buying interest. The BSE Sensex is trading up by 70 points (up 0.2%) and the NSE Nifty is trading […]

AUD/USD Daily Analysis – Friday, Sept. 28

Sep 28, 2018 Jeremy Parkinson Finance, No picture 0

AUD/USD broke below 0.7236 support, suggesting that the upside movement from 0.7085 had completed at 0.7314 already. Further decline could be expected in a couple of days and next target would be at 0.7150 area. Near term resistance is at 0.7250, as long as this level holds, the downtrend will continue.

EU Holds Emergency Meeting To Prepare For No-Deal Hard Brexit

Sep 28, 2018 Jeremy Parkinson Finance, No picture 0

After the EU rebuked Theresa May’s Chequers proposal, the chance of a hard Brexit rose sharply. The EU is now preparing. The Financial Times reports EU Prepares Five-Day Plan in Case of No-Deal Brexit. Similarly, Bloomberg says EU Envoys to Discuss Emergency Preparations. Neither article said much of anything beyond the title and subtitle. Eurointelligence had much more […]

AI And The New Health Care

Sep 28, 2018 Jeremy Parkinson Finance, No picture 0

The first major industry to be fundamentally disrupted by artificial intelligence will be health care, America’s last 19th century industry. Major diseases are being cured at such a dramatic pace that if you can survive the next decade chances are you can live forever. DNA is the software of life and spending $3 billion to […]

UK Financial Services – Opportunities And Threats Post-Brexit – Short-Term Pain, Long-Term Gain?

Sep 28, 2018 Jeremy Parkinson Finance, No picture 0

In a departure from the my usual format this Macro Letter is the transcript of a speech I gave earlier this week at the UK law firm Collyer Bristow; Thomas Carlisle may have dubbed Economics ‘the dismal science,’ but I remain an optimist. Setting aside the vexed question of whether Brexit will be hard, soft […]

A Bullish EIA Print Shocks Natural Gas

Sep 27, 2018 Jeremy Parkinson Finance 0

It was another wild day for the newly-prompt November natural gas contract, as it shot higher when the EIA announced that far less gas was injected into storage last week than many expected. The front of the strip shot higher off the report, eventually reversing on some warmer long-range forecasts in the afternoon but still […]

E Metals And Miners

Sep 27, 2018 Jeremy Parkinson Finance 0

I’m long-term bullish on metals and miners. However, the short-to-medium term picture supports lower prices – especially with what appears to be another failed cycle in gold. The senior mining index (GDX) resisted today’s decline in gold. I’m not sure what it means just yet…we should know by tomorrow or Monday. Significant upside follow-through would […]

Agricultural Exports Plunge, Trump Accuses China Of Meddling In US Elections

Sep 27, 2018 Jeremy Parkinson Finance, No picture 0

The census dept reports the trade deficit widened by 5.3% with ag exports down 9.5%. Trump was already annoyed. The Census Bureau advance report on International Trade in Goods shows the international trade deficit was $75.8 billion in August, up $3.8 billion from $72.0 billion in July. Exports of goods for August were $137.9 billion, $2.3 billion […]