Author Archive: Jeremy Parkinson
How Equity Returns Stack Up
With the S&P 500 finishing November with a gain of 3.1% on a total return basis, the index saw its 13th straight month of gains. That’s right. Since last November’s election, US equities haven’t seen a down month, which is pretty remarkable when you think about it. With such continuous strength, the S&P 500’s total […]
E More On Why Central Bankers Find It So Hard To Reach Their Inflation Targets
Why, after eight years of economic expansion, does inflation remain in the doldrums, presenting a real challenge to monetary policy? In an earlier blog, I looked at how the digital revolution cut the costs of manufacturing and also the delivery of services to the extent that this revolution thwarted any prospects of inflation accelerating. In […]
Dr. Copper Plunges To 3-Month Lows As ‘Global Growth’ Narrative Stumbles
Remember in October, as copper soared incessantly, signaling that the global ‘synchronized’ recovery was well underway and everything was awesome… well it’s not anymore! Copper is back below $3 as China slowdown concerns start to get priced in… Additionally, Bloomberg reports that copper inventories held in the London Metal Exchange’s global warehouse network jumped on Tuesday, ending a […]
October Trade Deficit At $48.7B, Worse Than Forecast
The U.S. International Trade in Goods and Services, also known as the FT-900, is published monthly by the Bureau of Economic Analysis with data going back to 1992. The monthly reports include revisions that go back several months. This report details U.S. exports and imports of goods and services. The Bretton Woods agreement, which established a […]
Bitcoin: What You Need To Know
Bitcoin is trading at over $11,000. What is it? Should you consider buying? Shelly Palmer explains the cryptocurrency and talks about the risks and possible rewards with Sukanya Krishnan and Jennifer Lahmers on Fox 5. Original Airdate: December 5, 2017
E The Bank Of Canada’s Interest Rate Policy Remains Cautiously Conservative
For many years now, the Bank of Canada has followed a low-interest rate policy to support the Canadian economy in the rocky period following the Great Recession. Since April of 2009, the target overnight policy rate has ranged between 25 basis points (BPS) and 100 BPS. The overnight rate was cut to 50BPS between July […]
Bitcoin Doesn’t Exist
Gustave Courbet The wave 1869 A while ago, I asked a regular commenter at the Automatic Earth, who goes by the moniker Dr. D, to try and write an article for us. Not long after, I received no less than 31 pages, and an even 12345 words. Way too long for today’s digital attention spans. We decided […]
Government Largess To Large Corps Ballooning Public Debt
The Irish economy collapsed in the 2008 recession and financial crisis, leading to a massive government bail-out of investment banks and highly levered corporations. The efforts shackled the taxpayers with generational debt that they have been laboring to repay amid cuts to other social programs. At the same time, Ireland shares the common plight of […]
October 2017 CoreLogic Home Prices Up 7% Year-Over-Year
CoreLogic’s Home Price Index (HPI) shows that home prices in the USA are up 7.0 % year-over-year (reported up 0.9 % month-over-month). CoreLogic HPI is used in the Federal Reserves’ Flow of Funds to calculate the values of residential real estate. Analyst Opinion of CoreLogic’s HPI CoreLogic year-over-year rate of growth has been steady for […]
British Pound Falls From Fibonacci Support As USD Tries To Pick A Direction
In yesterday’s article, we looked at a series of setups around the U.S. Dollar. As we move deeper into the final month of the year, with a Non-Farm Payrolls report on the docket for this Friday and a FOMC rate decision on the calendar for next Wednesday – USD is unlikely to remain here for much longer. But – this […]
