Author Archive: Jeremy Parkinson
Gold Continues To Slide, Hitting 18-Month Lows
Gold prices are lower in early Asian trading Wednesday, suffering from a stronger U.S. dollar index. XAU/USD tested the resistance in the $1200-$1198 area yesterday, but it was unable to break through. U.S. economic data due for release today includes retail sales, the Empire State manufacturing survey, industrial production and the NAHB housing market index. […]
Battle Of The Tech ETFs: TECL Vs. XLK
It’s not surprising to see a high level of interest in the tech sector. Whether its the promise of cloud computing (NYSEARCA: SKYY), clean energy transportation (NYSEARCA: LIT), or improved cyber-security (NYSEARCA: HACK), technology always leads other sectors with arguably more innovation per square foot compared to everything else. But it’s also leading in terms […]
Turkey Could Create A Larger Crisis Than Greece
The Turkish Lira collapse should have surprised no one. Yet, in this bubble-justifying market, it did. First and foremost, the lira decline has been ongoing for some time, and has nothing to do with the strength of the US dollar in 2018. The collapse of Turkey was an accident waiting to happen and is fully […]
US Household Debt Hits Record $13.3 Trillion
Total household debt hit a new record high, rising by $82 billion to $13.29 trillion in Q2 of 2018, 3.5% higher than a year earlier according to the NY Fed’s latest household debt report. It was the 16th consecutive quarter with an increase in household debt, and the total is now $618 billion higher than the […]
Pure Corruption
In December 1999, Princeton Professor Ben S. Bernanke wrote a relatively obscure paper largely denouncing the Bank of Japan’s shyness. Japan’s economy had by then been mired in its first Lost Decade, one which at that moment not everyone was sure should have been lost. It was fashionable at the time to pile on the BoJ. Dr. […]
Small Business Survey Says…
Earlier today the NFIB released its monthly reading on small business sentiment. Small business sentiment hit its highest level since 1983 in July. In addition to its main sentiment indicator, NFIB also asks survey takers what their number one problem is as a small business owner. Below is a chart showing the results from this question going […]
Hyperinflation Has Destroyed Venezuela
Has coffee become an unattainable luxury? It is if you live in Venezuela’s capital of Caracas. In July, the price of a cup of coffee was 2 million bolivars. In a country where the minimum wage has been raised to 3 million bolivars, coffee has become as unaffordable as food, housing, clothing, and medicine. Venezuela is in […]
5 Of Today’s Biggest Marijuana Stock Gainers – Tuesday, August 14
Out of over 200+ marijuana stocks, here are 5 of the biggest marijuana stock winners in trading on Tuesday, August 14th including CV Sciences, Inc. (OTC: CVSI) and more… Bang Holdings Corp. (OTC: BXNG) Shares of Bang Holdings Corp. rose 54.90% on higher than the average trading volume on the OTC markets, closing the day at $0.474 USD per share. Recently, Bang Holdings announced that the […]
Trump’s Trade Deal With The EU Is Hardly A Breakthrough
President Donald Trump is out on the hustings telling voters he is accomplishing great things. The economy is growing faster and creating more jobs but the deals with North Korea and the European Union he touts don’t ring true. The Chinese and Russians are apparently helping North Korea evade sanctions and it has not slowed its missile program. U.S.-EU trade […]
Pension Crisis On The Horizon
We’ve often discussed problems facing state pension systems, but now we’re seeing the makings of a crisis forming over unfunded liabilities and state pension systems. This time on the Financial Sense Lifetime Income Series, Jim Puplava discusses what he sees as a coming tsunami of pension problems for retirees. Perfect Storm Brewing This analogy of a […]
