Author Archive: Jeremy Parkinson
Household Debt Steals From Future Growth And Prosperity
For decades, the financial industry has insisted that it is a crucial engine to economic prosperity by increasing access to credit and ‘investment’ opportunities. Widespread acceptance of this narrative by governments and individuals alike, has led to decades of increasingly preferential treatment and deference to the financial sector and their requests. The more enriched the […]
Jobless Claims Back To Pre-Hurricane Levels
Weekly jobless claims came in lower than expected this week falling from 258K down to 243K. This week’s print was the lowest since 8/25, which was right before the triple whammy of hurricanes Harvey, Irma, and Maria struck the US and its territories. While the Department of Labor did note that claims from Florida, Puerto […]
It’s Time For JPMorgan To Start Trading Bitcoin
So, Bitcoin surged above $5,000 for the first time overnight, and at one point blew through $5,200 apparently on its way to $500,000 which we certainly hope it will hit sooner rather than later in order to help us all avoid this rather unpalatable scenario: Here’s the chart: Now, for one thing, that YTD “performance” (if you […]
Robust Growth: U.S. Imports From China; China Imports From U.S.
Tracking the growth rates of trade over time can be a valuable exercise because of what that figure can tell us about the relative health of the national economies engaged in that trade. For example, when a nation’s economy is growing more strongly than what its domestic economy can support on its own, it will […]
Weekly Unemployment Claims: Down 15K, Affected By Hurricanes
Here is the opening statement from the Department of Labor: In the week ending October 7, the advance figure for seasonally adjusted initial claims was 243,000, a decrease of 15,000 from the previous week’s revised level. The previous week’s level was revised down by 2,000 from 260,000 to 258,000. The 4-week moving average was 257,500, […]
Two Effective And Simple Forex Strategies
Here are two simple forex strategies that get us into a trade right when the price is about to turn. By getting in when the price is likely to turn, we maximize our profit potential, and also keep risk low since we can get out very quickly if the price keeps moving against us. Therefore, these strategies […]
Gold Sees Price Extension On Bull Pressure
Gold extended its recovery on Wednesday leaving risk higher in the days ahead. However, beware of pullback threats. On the downside, support comes in at the 1,290.00 level where a break will turn attention to the 1,280.00 level. Further down, a cut through here will open the door for a move lower towards the 1,270.00 […]
US PPI Beats Expectations – USD Ticks Up
Headline CPI came out at 0.4% as expected, but y/y it is up 2.6%, better than predicted. More importantly, core PPI jumps 0.4% m/m and 2.2% y/y, both exceeding early estimations. In addition, jobless claims fall to 243K, better than expected. All in all, the positive figures are supporting the US dollar. EUR/USD is down […]
JPMorgan FICC Revenues Plunge 27%, “Low Volatility” Blamed
Launching Q3 earnings season, moments ago JPM reported third-quarter Net Income of $6.7 billion and EPS of $1.76, beating expectations $1.67 and 18 cents, or 7% higher than a year ago, on “managed” revenue of $26.2 BN, beating consensus expectations of $25.7 BN, up 3% from the $25.5BN in Q3 2016 revenue . JPM reported […]
Politics Reinvented: Abe-Koike Rivalry To Bring Supply-Side Reforms
Japan’s upcoming election is poised to usher in a new era of policy competition and political accountability. Structural reform in general, supply-side reform in particular, is poised to accelerate if, as we suspect, Tokyo Governor Yuriko Koike catapults herself into the never-imagined-before position of being both in power and in opposition: in power because she […]
