Author Archive: Jeremy Parkinson
Looking For A Job? The Number Of Openings Continues To Shrink
The number of job openings continues to shrink and revisions tend to be negative. Data from the BLS, chart by MishThe BLS released the Jobs Openings and Labor Turnover Survey (JOLTS) for October on Wednesday. I am catching up today. At the March 2022 peak, there were 12,182,000 job openings vs an unemployment level of 5,993,000. There were nearly […]
Our Top Calls For The Global Economy In 2025
Image Source: Pixabay ING’s Carsten Brzeski on why he thinks markets across the globe are set for yet another eventful year in 2025.Video Length: 00:01:43More By This Author:German Inflation Is Good News For ECB Hawks Eurozone Sentiment Shows Surprise Resistance In November Carrot And Stick: The Key To Germany’s Green Housing Transition
A Deep Dive Into Remitly
Image Source: Unsplash It is an extraordinarily common pattern. Young people will emigrate to a major western economy, like the United States, or Canada, etc., to find well-paying employment. Gainfully employed, they will then dutifully and regularly transfer funds back to family in their home country to support healthcare, education, and other basic needs.The process of […]
No Value In Stocks
When I used to play poker at Casino M8TRIX in San Jose before I moved to Davis, there was a dealer named Errol who liked to trade stocks using technical analysis. One of the stocks that he was bullish on for a long time was Synopsys (SNPS). I looked into it and I liked what […]
Trade Deficit Decreases While Total Trade Falls By Most In 2 Years
The trade deficit for October came in at -$73.8 billion, which decreased from the revised -$83.8 billion deficit in September. Imports and exports both decreased in October, with total exports falling $4.3 billion (-1.6%), while total imports falling $14.3 billion (-4.0%). Because exports declined less than imports, the total trade deficit improved a little. I […]
France’s Sovereign Debt Situation: Some Graphs
Here’re CDS swaps and spreads vis a vis Germany over the past year: The credit ratings have been stable for years…until today. Here’s S&P’s: Here’s the fiscal situation, as summarized by the budget balance as share of GDP. The six percent of GDP deficit is smaller than in 2020, and is comparable to that in […]
$750M Stock Buyback Announced As Southwest Targets Long-Term Growth
Image courtesy of 123rf.com Southwest Airlines (NYSE: LUV) has recently provided an optimistic update for investors, revising its guidance for the fourth quarter of 2024. The airline now anticipates its revenue per available seat mile (RASM) to increase by 5.5% to 7.0%, a significant improvement from the previous forecast of 3.5% to 5.5%. This upward revision is […]
FTSE Fighting The Flatline As French Crisis Remains Front And Centre
Image Source: Pexels On Thursday, the UK’s FTSE 100 index remained largely unchanged. Declines in the real estate sector offset gains in the personal goods sector. Additionally, Frasers Group’s shares dropped to their lowest level in over two years following a downward revision of its annual profit forecast. A vote by far-right and leftist lawmakers has […]
Grains Report – Thursday, Dec. 5
WHEAT General Comments: The markets were a little higher yesterday on slightly lower world markets. Minneapolis closed slightly lower. Egypt is moving its Wheat buying to a new agency that will close deals privately and make it harder to track Russian prices. It is something the Russian government wanted. Tensions remined high between Ukraine, the […]
Chinese app giant sells all Bitcoin ahead of $100,000 milestone
Key Takeaways Meitu sold 940 Bitcoin and 31,000 Ethereum for $180 million before Bitcoin reached $100,000. 80% of the proceeds from Meitu’s crypto sale will be distributed as a special dividend. Share this article Chinese tech company Meitu had sold its entire crypto holdings of 940 Bitcoin and 31,000 Ethereum for $180 million, exiting the […]
