July 2024 - Page 146 of 267 -

Net Zero Will Make You Poorer; Negative Real Wage Growth Is A Consequence Of Keynesian Policies

Jul 15, 2024 Jeremy Parkinson Finance 0

Image Source: Pixabay If you read the latest OECD publication, “Employment Outlook 2024: The Net Zero Transition and the Labor Market,” you would imagine that the world has not gone through the largest monetary and fiscal stimulus in decades. The results are so poor, they are embarrassing. Furthermore, the report illustrates the impoverishment of citizens and […]

Eurozone Industrial Production Falls Once Again In May

Jul 15, 2024 Jeremy Parkinson Finance 0

After a few months of more decent production data in the eurozone, May showed another decline of -0.6% compared to April. Overall, this still fits the trend of continued decline in production which started in September 2022. And survey data indicates that a manufacturing rebound isn’t exactly around the corner. depositphotos May marked the first decline in eurozone production since […]

Velocity Of Money Is No Longer A Huge Inflation Factor

Jul 15, 2024 Jeremy Parkinson Finance 0

Image Source: Pixabay Let’s talk about the velocity of money! The speed at which money flows through the economy is often tied to speculation about the future of inflation. It may be important, but it is no longer a big factor when it comes to inflation. We have entered a cost-push inflationary cycle and these tend to be self-feeding. This translates […]

Blackrock’s Strong Q2 2024: Adj. Eps At $10.36 And Revenue Of $4.81 Billion

Jul 15, 2024 Jeremy Parkinson Finance 0

BlackRock, Inc. (BLK) reported its financial results for the second quarter of 2024, revealing a strong performance across various metrics. depositphotos The company’s diluted earnings per share (EPS) for the quarter stood at $9.99, or $10.36 on an adjusted basis. This represents a notable year-over-year increase from the $9.06 EPS reported in the same period last year. […]

Japanese Yen Surges Amidst Potential Interventions

Jul 15, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash The Japanese yen showed significant strength against the US dollar late last week, with the USD/JPY pair currently stabilizing around 157.86. This marks the lowest level for the currency pair in nearly a month.The yen’s recent surge is attributed to widespread market speculation regarding potential interventions by Japanese authorities. Analysts believe that Japan […]

ECB On Mission “Gentle Summer Break”

Jul 15, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Pexels When the European Central Bank meets on Thursday, the main, if not only goal will be to have a gentle start to the holiday season and to avoid sending markets on a rocky summer road.There hasn’t been a lot of important data releases since the ECB’s June meeting. If anything latest data have pointed to […]

Elliott Wave Technical Analysis: Australian Dollar/U.S. Dollar – Monday, July 15

Jul 15, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash AUD/USD Elliott Wave Analysis Trading Lounge Day ChartAUD/USD Day Chart AnalysisAUD/USD Elliott Wave Technical AnalysisFunction: Trend Mode: Impulsive Structure: Navy Blue Wave 3 Position: Gray Wave 3 Next Lower Degree Direction: Navy Blue Wave 4 Details: Navy Blue Wave 2 appears complete at 0.65833; Navy Blue Wave 3 is active. Wave Cancel Invalid Level: 0.65833OverviewThe AUD/USD Elliott Wave Analysis for the […]

The Japanese Government Is Getting Desperate As The Yen Collapses

Jul 15, 2024 Jeremy Parkinson Finance 0

Image Source: Pixabay Why does the Japanese government keep intervening trying to prop up the yen, and why does it keep failing? This isn’t just about the yen or Japan, nor is it completely a matter of what’s unfolding right now. There is a deeper truth that needs to be made more widely which applies universally […]

Charted: Global Wheat Production By Country Ranked: Global Wheat Producers in 2022

Jul 15, 2024 Jeremy Parkinson Finance 0

Global wheat production crossed 800 million tons in 2022, which makes it the second-most cultivated grain after corn. From different kinds of noodles to all the varieties of breads, wheat is a staple crop for a dizzying array of diets across countries. But who grows the most and by how much?This graphic breaks down the world’s largest wheat […]

Forex Markets Navigate Political Drama And Economic Updates

Jul 15, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash Despite the attempted assassination of Donald Trump hogging the headlines, markets have remained surprisingly calm. This week, traders are more focused on the macroeconomic lineup than the political drama. With central banks and economic reports taking center stage, Fed speakers are expected to address last week’s softer CPI. It’s widely anticipated that central […]