Author Archive: Jeremy Parkinson
Interest Rates And ‘Reserve Constraints’: Why Endogenous Money Works Without Central Bank Intervention
Written by Philip Pilkington, Article of the Week from Fixing the Economists Endogenous money advocates often think that a central bank is required in order to offset increases in government borrowing. The story goes: the central bank targets the overnight interest rate by buying up government securities; if the government issues more debt in the form of […]
Dow Jones Megaphone Pattern, Bounce Of New Support
Below looks at the Dow Jones Industrials Index over the past 100 years on a monthly closing basis- In the early 1980’s the Dow used old resistance to become new support at (1), where a breakout and strong rallied followed. The Dow looks to be using old resistance as new support to push higher off […]
PennantPark Floating Rate Capital Ltd. Prices $138.7 Million 3.83% Notes Offering
NEW YORK, Nov. 22, 2017 (GLOBE NEWSWIRE) — PennantPark Floating Rate Capital Ltd. (Nasdaq: PFLT) (the “Company”) announced that it has priced an institutional offering in Israel of $138.7 million of its 3.83% Series A Notes, or the 2023 Notes. The 2023 Notes will be issued pursuant to a deed of trust between the Company and […]
5 Cheap Dividend Growth Stocks For Thanksgiving
Thanksgiving is coming up and it’s time to stuff dividend stocks with strong growth prospects in your portfolio for market-beating returns. This is especially true as stocks with a history of dividend growth year over year form a healthy portfolio with greater scope of capital appreciation as opposed to simple dividend paying stocks or those […]
Government Didn’t Save Us From Apple’s Iphone “Monopoly”
In 2007 Apple Inc. (AAPL) made a move that changed the whole High-Tech world when it launched the first iPhone. The iPhone easily dethroned Nokia, and became the first smartphone that appealed to technophiles, businessmen, and everyday consumers. Apple generated exceedingly high profits from the iPhone’s success. According to iSuppli, Apple made a $326 profit […]
Hindenburg, Titanic, And Gold
The stock market flashes gloomy signals. What does it mean for the gold market? Last week, some analysts pointed out the ominous behavior of the U.S. stock market. On Tuesday, the number of companies traded on the NYSE setting new 52-week lows surpassed the number hitting new highs. Moreover, the market sent two other bearish signals: the Hindenburg […]
US Durable Goods Orders Falls By 1.2% – USD Follows
Durable goods orders fell by 1.2%, much worse than +0.3% expected. A small upwards revision worth 0.2% is not enough to compensate. Core orders rose by 0.4%, also below expectations, but the revision here is more significant: 1.1% against 0.7% originally reported. Orders excluding defense and air fall by 0.5% instead of a rise of […]
BTL Group November All-Time High, More Upside Ahead
BTL Group stock is one of the equities we wrote about the most in 2017. Our coverage started 9 months ago when we published that BTL is a stock to buy and that the low capitalization we were seeing in Blockchain stocks was not going to last for long. More updates followed ensuring our readers are informed of […]
Morgan Stanley: When Will The Bull Market End?
Trying to predict the end of economic cycles isn’t an easy game, but analysts at Morgan Stanley believe that they have some idea as to the date of the current bull market end. In a research report published last week titled, Cycle Check-Up: How Will the Bull Market End? The bank’s leading strategists pull together the historical data to try […]
AUDUSD Daily Analysis – Wednesday, Nov. 22
AUDUSD broke above the falling trend line on the 4-hour chart and is now facing 0.7610 resistance. As long as this level holds, the rise from 0.7532 could be treated as consolidation of the downtrend from 0.7729, and another fall towards 0.7450 could be expected after the consolidation. On the upside, a breakout of this […]
