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Three Things – Weekend Reading: Friday, Aug 16

Three Things – Weekend Reading: Friday, Aug 16

Image Source: PexelsHere are three things I think I am thinking about this weekend: 1) Three Terrible Ideas That Won’t Die  The Great Financial Crisis was wonderful because it got people interested in economics. And it was terrible in that it convinced a lot of people that mainstream economics was wrong about almost everything. This led […]
Food At Home CPI Component: Unchanged Relative To January 2024

Food At Home CPI Component: Unchanged Relative To January 2024

Image Source: PexelsPrices are up relative to January 2021, but not relative to January 2024:Figure 1: CPI – food at home (blue), ERS forecast as of January (red triangle), ERS forecast as of July (light blue square), Chained CPI – food at home (light green), all normalized to 2020M01=1.00. Source: BLS, USDA ERS, and author’s calculations.More By This […]
EUR/CHF: Swiss Exporters Want It At 0.98

EUR/CHF: Swiss Exporters Want It At 0.98

When EUR/CHF was trading near 0.92 earlier this month, the Swiss export lobby group, Swissmem, called on the Swiss National Bank to curb Swiss franc strength. Swissmem thinks fair value for EUR/CHF is near 0.98. Lower global interest rates and higher volatility heading into the US elections suggest EUR/CHF will be trading lower than that. What’s been […]
1970s Are Repeating, And That Is Good News For Gold

1970s Are Repeating, And That Is Good News For Gold

Image Source: Pixabay Despite the rise to $2,500 an ounce, gold is still below where it was in 1971 in terms of percentage of assets on the Federal Reserve’s balance sheet. Back on August 15, 1971 – exactly 53 years ago yesterday – gold made up 12% of Fed assets. Today, even at $2,500, it makes […]
Franklin Templeton seeks approval for Bitcoin, Ether crypto index ETF

Franklin Templeton seeks approval for Bitcoin, Ether crypto index ETF

Key Takeaways Franklin Templeton’s new crypto index will track Ether and Bitcoin. The index may lead to future ETFs and investment products. Share this article Global investment firm Franklin Templeton has submitted an S-1 registration form to the US Securities and Exchange Commission (SEC) for a crypto index ETF that will track the performance of […]
Stocks And Precious Metals Charts – ‘The Market Is Always Right’

Stocks And Precious Metals Charts – ‘The Market Is Always Right’

We had the stock option expiration today, and is customary, the reversal of some recent trends.Gold and silver were the big story. The recent bout of price suppression, as seen in the heavy selling of the metals on the New York open, negating the overnight gains in Asia, was relaxed. And the metals rocketed higher.The […]
Money-Market Fund Assets Hit Record Highs, Banks See Large Deposit Outflows As Stocks Crashed

Money-Market Fund Assets Hit Record Highs, Banks See Large Deposit Outflows As Stocks Crashed

As stocks continued to crash last week, money-market funds saw a second week of significant inflows (+$28.4BN) which together with the prior week’s $52.7BN, pushed total MM assets under management to a new record high of $6.216 TN…Source: Bloomberg And while bank deposits also saw (huge) inflows the prior week, the week-ending 8/7 saw seasonally-adjusted (SA) US […]
A Stock That Will Pay You In Real Physical Gold

A Stock That Will Pay You In Real Physical Gold

Image Source: Pixabay VanEck, a well-known investment management firm, was founded in 1955 by John C. van Eck in New York City. From its inception, the firm focused on offering innovative investment strategies that centered around international markets and commodities, which were not commonly available to U.S. investors at the time. One of the firm’s early […]
5 Quality ETFs To Bet On Amid Volatile Markets

5 Quality ETFs To Bet On Amid Volatile Markets

Image Source: Pixabay Wall Street is witnessing extreme volatility since the start of the third quarter. While there is growing anxiety about a slowing U.S. economy, optimism over Fed rate cuts has rekindled investors’ confidence in the stock market. Additionally, the latest bouts of strong data led to a renewed risk-on trade.As such, the three major […]
Wall Street Seals Best Week Of The Year

Wall Street Seals Best Week Of The Year

Wall Street bounced higher Friday, with U.S. markets closing out their best week of 2024 thanks to a slew of upbeat economic data. The Dow scored its fourth-straight daily win, locking in its best week since December. Snapping four-week losing streaks, the Nasdaq and S&P 500 both logged their seventh straight daily wins and best weeks […]