Author Archive: Jeremy Parkinson
Purchasing Power Across The U.S.
from the Philadelphia Fed — this post authored by Elif Sen and Adam Scavette Where you live can determine how far a dollar goes. But pay varies regionally, too. To get a true picture of an area’s affordability, it helps to understand regional price parities. It’s common knowledge that the cost of living varies drastically […]
Friday Should Be A Winner
Thanksgiving Wednesday was never going to generate an exciting day but it was good to see early week gains retained. Upcoming Thanksgiving Friday is typically a day when Junior traders go wild and decent gains are posted – even if trading volume is light. With last week’s lead action I wouldn’t be surprised if this pattern […]
E Thanksgiving Eve
It turns out that the difficulties I am facing with a check received in sterling which I am attempting to deposit to my US bank is not unique. The International IBAN (International Bank Account Number) numbering system which is supposed to enable people to transfer money within the Single European Payments Area (SEPA) often takes […]
Get Out Now: SocGen Predicts Market Crash, Bear Market For The S&P
While the charade of sellside analysts releasing optimistic, and in the case of Barclays and Goldman “rationally exuberant”previews of the year ahead… … is a familiar, long-running tradition on Wall Street, rarely has the intellectual dishonesty and cognitive dissonance been quite so glaring: take Goldman, which while admitting that valuations have never been higher, and the upside […]
GSK, Innoviva Submit Data To FDA For Expanded Trelegy Ellipta Label
GlaxoSmithKline (GSK) and Innoviva (INVA) announced the filing of a supplemental New Drug Application with the FDA for the use of Trelegy Ellipta for an expanded indication for the maintenance treatment of airflow obstruction and reduction of exacerbations in patients with chronic obstructive pulmonary disease. “Approval of this sNDA means FF/UMEC/VI could be used by […]
Silvercorp Announces Another Share Buy-Back
Today Silvercorp Metals announced that it wanted to acquire up to 8.4 million shares. So, once again, the company is announcing a share buy-back program. To remind my readers, Silvercorp announced three such programs: in 2014, 2015 and now. The first two programs were very ambitious – the company wanted to repurchase around 16 million shares but […]
Is Fintech Select (FTEC.V) A Blockchain Stock To Buy?
Fintech Select, symbol FTEC.V trading on the Toronto junior exchange, is one of those many blockchain stocks that became a multi-bagger once they announced they would be doing ‘something’ with blockchain technology. The company has always focused on payment processing and hardware (terminals as well as debit cards. Now they decided to enable their infrastructure to allow […]
Ethereum Soars To Record High After South Korea Regulator Confirms “No Plan” To Regulate Cryptos
In September, South Korea surpassed China in total crypto trading volumes, and as the world’s second largest Ethereum exchange market, South Korea is evolving into an Ethereum powerhouse with a rapidly growing number of active developments, domestic projects and communities. image courtesy of CoinTelegraph image courtesy of CoinTelegraph, the majority of traders in the South Korean Ethereum market are speculative […]
E Did The Bank Of Canada Error In Raising Rates?
This past summer the Bank of Canada made an about face and embarked upon a tightening policy The Bank’s two rate hikes this summer erased the two cuts it implemented in 2015 in response to the oil-price shock. The central bank noted that “recent economic data have been stronger than expected, supporting the Bank’s view […]
This Thanksgiving Goes To Corporations: Thanks For The Greatest Free Gift In History
It’s no f’ing wonder!” I yelled to no one in particular the other day when my researcher, Dave Okenquist, shared with me a chart he’d just come across! “We’ve died and gone to heaven thanks to these guys! They’ve given us the greatest free gift in history!” The dog tucked its tail between its legs and […]
