Author Archive: Jeremy Parkinson
Europe Starting To Reckon Eurodollar Curve
We’ve been here before. Economists and central bankers become giddy about the prospects for success, meaning actual recovery. For that to happen, reflation must first attain enough momentum. If it does, as is always forecast, reflation becomes recovery. The world then moves off this darkening path toward the unknown crazy. The problem has been that officials […]
Market Concentration Signals Need For Caution
We’re currently in the longest bull market in history. Where do we go from here? This time on Financial Sense Newshour’s Big Picture, Jim Puplava discusses the forces that are holding this market up, and what issues might develop under these conditions as a recession takes hold. Fiscal Stimulus Is Making the Difference Every cycle has […]
Hurricane Florence Takes Aim At North Carolina: Insurers Could Lose $20 Billion
Hurricane Florence To Impact The Economy The biggest news on Tuesday was the potential for hurricane Florence to deliver catastrophic damage to North Carolina, South Carolina, and Virginia later this week. All those states along with Maryland and Washington D.C. are under states of emergency. You can see the graphic below shows parts of North […]
The Divergence Between U.S. And Asian Markets
One aspect about the continued run in US markets is the disconnect that has developed over the past 4 months to Asian markets. These markets have generally moved together in the recent past. Chris Temple joins me to discuss what he thinks a reversion to the mean could look like and if this buy the […]
The Business Cycle
Today’s topic is the U.S. business cycle. Manufacturing PMIs moved up to a new cycle high and the household delinquency rate dropped to a new cycle low. Bank lending standards continued to ease. Video Length: 00:06:28
Markets Struggle To Rally; What Next?
It has been a tricky last few days. The bounce in the Russell 2000 off the 20-day MA and key support of 1,705 has struggled to follow through on what should have been a strong support test. Technicals are a bit of a mixed bag with ‘sell’ triggers in +DI/-DI and MACD. Today’s ‘doji/hammer’ is […]
The Three Largest Cryptocurrencies – Wednesday, Sept. 12
With so much focus on bitcoin lately, we’ve added a new weekly update that tracks the three largest cryptocurrencies by market share: bitcoin, Ether, and Ripple. According to Wikipedia, a cryptocurrency is “a digital asset designed to work as a medium of exchange that uses cryptography to secure its transactions, to control the creation of additional […]
Another Natural Gas Rally Fails
The October natural gas contract tried to break out higher this morning only to reverse hard and settle flat on the day. Yet again the October led the way higher this morning as later contracts lagged, and we continue to see the October/November X/V contract spread skyrocket. Prices got up to $2.869 before reversing, justifying […]
Beige Book Slightly Less Positive, But Showing Strong Growth
The Beige Book was released today with mostly positive findings. Districts generally reported moderate growth across the board. Transportation and manufacturing industries claimed moderate growth, while construction and real estate were slightly less positive. Our Bespoke Beige Book Index is still showing growth, but saw a decrease from the last period. The index is constructed […]
A Simple Choice
Is it a shortage of workers, or a shortage of work? Structural issues with Americans and who they are, or macro issues about which Americans have been fed a load of crap for more than a decade? You can see why those who may have been manufacturing raw manure might have an interest in swaying […]
