Author Archive: Jeremy Parkinson
Why The World’s Central Banks Hold Gold – In Their Own Words
Collectively, the central bank sector claims to hold the world’s largest above-ground gold bar stockpile, some 33,800 tonnes of gold bars. Individually within this group, some central banks claim to be the top holders of gold bullion in the world, with individual holdings in the thousands of tonnes range. This worldwide central bank group, also […]
Boom Bifurcation In Housing And Real Estate
How much growth is enough? It’s a pretty simple question that upon close examination leaves no easy answers. This is a problem that has plagued economists since there were economists. Recognizing very real dangers on both sides, there is as much trouble about “too much” as “too little.” The purpose of the modern central bank, […]
A Compelling Case For Fairfax Financial In Today’s Environment
One of the more amusing games in financial markets is the labeling of nearly any company that owns businesses in multiple sectors to be compared to Berkshire Hathaway or any value investor with an above average record to Warren Buffett. The Virginia insurer Markel is sometimes called a “baby Berkshire.” When Eddie Lampert first took […]
Facebook: Six Degrees Of Giant Squid
Hildegard von Bingen (1098-1179) German artist, philosopher, composer, mystic Cosmic Tree All of a sudden, politicians in the EU, UK, and USA all want to talk to Mark Zuckerberg. That’s a bad enough sign all by itself. It means they all either have been asleep, complicit, or they’re not very bright. The media tries to convince […]
ABM Industries: A Recession-Resistant Dividend King
ABM Industries (ABM) has an amazing track record when it comes to paying dividends to shareholders. ABM is part of the Dividend Kings, a group of stocks that have raised their payouts for at least 50 consecutive years. Dividend Kings are the best of the best when it comes to rewarding shareholders with cash and […]
3 Top TIAA Mutual Funds To Strengthen Your Portfolio
Previously known as TIAA-CREF, Teachers Insurance, and Annuity Association of America Fund (TIAA) was founded by Andrew Carnegie in 1918. TIAA had $1 trillion in assets under management as of Dec 31, 2017. A major portion of its assets is allocated to stocks and fixed income securities. TIAA Global Asset Management seeks to offer financial […]
A Couple Of Thoughts On The Fed’s Growth Outlook
No sooner will I put this out there than it will be proven spectacularly wrong, but hey, “them’s the breaks”, right? So there’s apparently some disagreement as to whether the Fed will upgrade their growth outlook in the SEP on Wednesday – if “disagreement” isn’t the right word, then you could just say that in light […]
Sneak Peek: How To Trade The Upcoming FOMC
If Fed signals the possibility of a 4th rate hike, USD/JPY is likely to rally. The market has priced in a 100% chance of a quarter point rate hike tonight. Jerome Powell will be making the announcement for the first time as Fed Chairman. During Jerome Powell’s testimonies 2 weeks back, he viewed the near-term risks to […]
FOMC Preview: EUR/USD Risks Larger Rebound On Dovish Fed Rate-Hike
TRADING THE NEWS: FEDERAL OPEN MARKET COMMITTEE (FOMC) INTEREST RATE DECISION The Federal Open Market Committee (FOMC) interest rate decision may rattle the recent rebound in EUR/USD as the central bank is widely expected to raise the benchmark interest rate to a fresh threshold of 1.50% to 1.75%, but a dovish rate-hike may produce headwinds […]
