Author Archive: Jeremy Parkinson
E Market Briefing For Monday, Sept. 17
Lack of conviction in this market has, ironically, contributed to how long it perseveres with rotational moves holding the S&P up; even though there is the risk that it’s only trying for a secondary test of the January highs. Of course that’s the charts; the Chinese ‘resolve’ against a trade deal weighs on the markets increasingly; […]
International Macroeconomics In The Wake Of The Global Financial Crisis
Today, we are pleased to present a guest contribution written by Laurent Ferrara (Banque de France), Ignacio Hernando (Banco de España) and Daniela Marconi (Banca d’Italia), summarizing the introductory chapter of their book International Macroeconomics in the wake of the Global Financial Crisis. The views expressed here are those solely of the author and do not reflect those of their respective institutions. […]
China To Take Over Israel’s Largest Port, Could Threaten US Naval Operations
A top Israeli military and energy official has questioned Israel and China’s growing economic ties just as a Chinese company is set to begin operating Haifa Port as part of a major 25-year contract previously struck in 2015. “When China acquires ports,” Israeli Brigadier General Shaul Horev began in an interview this week with national news source, Arutz Sheva, “it does so under the […]
This Week’s Futures Positions Of Non-Commercials, Hedge Funds
Following futures positions of non-commercials are as of September 11, 2018. 10-year note: Currently net short 682.7k, down 73. The 10-year Treasury rate (2.99 percent) rose from 2.81 percent on August 22 to Friday’s high of three percent. At least near term, non-commercials have been rewarded for their persistently bearish outlook on 10-year note futures. Net […]
Ten Years After Lehman: The Solution Was “More Lehmans”
The day Lehman went bankrupt I left the office in London for Waterloo Station and realized that something monumental had happened. The faces of the dozens of people waiting patiently for trains from the center to their homes were revealing. Most of them were, like me, City workers. Panic. I remember when Freddie Mac and […]
The Pricing War Among Asset Managers Heads To Zero
The U.S. financial market has undergone a gradual change over time as the financial markets have seen a higher influx of e-brokers. These e-brokers have several advantages over traditional brokers. However, they also face a few challenges, which means they face strong competition. Broadly, e-brokers offer a better value proposition and provide a lot of business […]
Is Janet Yellen Just Trolling Donald Trump Now?
Back in July, in an interview with CNBC’s Joe Kernen, Donald Trump lamented the fact that relatively hawkish Fed policy is indirectly helping America’s trade partners weather the tariff storm. “I’m not thrilled because we go up and every time you go up they want to raise rates again”, the President said, adding that while he’s […]
Turkish Banks Liquidate Gold In Currency Crisis Panic
Zooming in on just the recent action shows that weekly holdings reported by the Central Bank of Turkey fell by a whopping 20% since June 15 to 15.5 million ounces according to Bloomberg, with the bulk of the exodus, or $3.3 billion, sparked by the central bank’s decision last month to lower reserve requirements. As a […]
Why Is Mr. Trump Saying 70% Power Outage On Eve Of Hurricane Maria Strike?
Following up on yesterday’s tweets on estimates of excess mortality, official statement on twitter: “They say all these people died in the storm in Puerto Rico, yet 70% of the power was out before the storm. So when did people start dying? At what point do you recognize that what they are doing is a […]
Estate Planning In Politically Unstable Times
We’re in the midst of a favorable environment when it comes to taxes and estate planning, but just because it’s good now doesn’t mean it will be good forever. Jim Puplava recently interviewed estate planning expert Elizabeth Morgan who explains how taxes can be affected by the political climate and changing political administrations. She discusses […]
