October 2018 - Page 180 of 262 -

The Distortions Of Doom Part 2: The Fatal Flaws Of Reserve Currencies

Oct 10, 2018 Jeremy Parkinson Finance, No picture 0

<< Part 1: The Global Distortions of Doom: Hyper-Indebted Zombie Corporations The way forward is to replace the entire system of reserve currencies with a transparent free-for-all of all kinds of currencies. Over the years, I’ve endeavored to illuminate the arcane dynamics of global currencies by discussing Triffin’s Paradox, which explains the conflicting dual roles of national […]

Sears Preparing To File Bankruptcy As Soon As This Week

Oct 10, 2018 Jeremy Parkinson Finance 0

The neverending saga of the world’s longest melting ice cube, that of Sears Holdings which has flirted with bankruptcy for years only to get bailed out in the 11th hour by its biggest investor and CEO Eddie Lampert each and every time, is finally coming to its logical end. With its stock crashing to a […]

Oil Fell After The IMF Report On The Global Economy And Hurricane Michael

Oct 10, 2018 Jeremy Parkinson Finance 0

Oil prices fell slightly on Wednesday as traders feared that the International Monetary Fund’s decision to reduce the global economic outlook for 2018 and 2019 would reduce demand for oil and its products. In the previous session, oil prices rose amid fears of a hurricane flowing into the oil-rich Gulf Coast of the Gulf. Where about […]

USD/CAD Daily Analysis – Wednesday, Oct. 10

Oct 10, 2018 Jeremy Parkinson Finance, No picture 0

USD/CAD failed in its attempts to break above the falling trend line on the 4-hour chart and pulled back to 1.2930 area, suggesting that corrective consolidation for the uptrend from 1.2782 is underway. Deeper decline would likely be seen and the target would be at 1.2890 area. On the upside, as long as 1.2890 support […]

Sensex Up 1.3%; Consumer Durables Stocks Witness Buying

Oct 10, 2018 Jeremy Parkinson Finance, No picture 0

After opening the day flat share markets in India are trading on a positive note and are presently trading above the dotted line. Sectoral indices are trading on a mixed note, with stocks in the energy sector and stocks in the PSU sector witnessing maximum buying interest. The BSE Sensex is trading up by 433 points (up 1.3%) and the NSE Nifty is trading up […]

Long And Short Of Short Interest – Wednesday, Oct. 10

Oct 10, 2018 Jeremy Parkinson Finance 0

Here is a brief review of period-over-period change in short interest in the September 17-28 period in nine S&P 500 sectors. XLB (SPDR materials ETF) XLB (55.70) fell out of a slightly rising ascending channel last week. This preceded rejection at resistance at 61-plus three weeks ago. Both the 50- and 200-day have been lost. […]

Weekly Gasoline Price Update: Regular And Premium Up Four Cents – Wednesday, Oct. 10

Oct 10, 2018 Jeremy Parkinson Finance, No picture 0

It’s time again for our weekly gasoline update based on data from the Energy Information Administration (EIA). The price of Regular and Premium are up four cents each from last week. According to GasBuddy.com, California has the highest average price for Regular at $3.80 and South Carolina has the cheapest at $2.59. The WTIC end of […]

Fed Credit And The US Money Supply – The Liquidity Drain Accelerates

Oct 10, 2018 Jeremy Parkinson Finance 0

Federal Reserve Credit Contracts Further We last wrote in July about the beginning contraction in outstanding Fed credit, repatriation inflows, reverse repos, and commercial and industrial lending growth, and how the interplay between these drivers has affected the growth rate of the true broad US money supply TMS-2 (the details can be seen here: “The […]

OECD Leading Indicators Vs Global Equities

Oct 10, 2018 Jeremy Parkinson Finance 0

The latest round of OECD leading indicator data showed ongoing softness in the breadth across countries – which is an interesting and innovative indicator we track as part of a suite of indicators on global equities. The punchline of course is that this is the kind of thing we usually see during a major correction or bear market. […]

Rising Interest Rates Start Popping Bubbles — The End Of This Expansion Is Now In Sight

Oct 10, 2018 Jeremy Parkinson Finance, No picture 0

Towards the end of economic expansions, interest rates usually start to rise as strong loan demand bumps up against central bank tightening. At first, the effect on the broader economy is minimal, so consumers, companies, and governments don’t let a slight uptick in financing costs interfere with their borrowing and spending. But eventually rising rates […]