Author Archive: Jeremy Parkinson
Bitcoin Mining
by Rod Garratt and Rosa Hayes – Liberty Street Economics, Federal Reserve Bank of New York In June 2014, the mining pool Ghash.IO briefly controlled more than half of all mining power in the Bitcoin network, awakening fears that it might attempt to manipulate the blockchain, the public record of all Bitcoin transactions. Alarming headlines splattered […]
Chicago Fed: US Economic Growth Slowed In October
The pace of US growth slowed more than expected in October, according to this morning’s update of the Chicago Fed National Activity Index. The three-month moving average for this benchmark of 85 indicators slipped to a negative 0.01 reading last month from +0.12 in September. Led by weakness in “production-related indicators,” today’s release “suggests that growth in national economic […]
Stocks, Adjusted For ‘Inflation’ And For Gold
MarketWatch announces that the US stock market is back to the ‘real’ highs of the last secular bull market, prior to the dot.com/tech bubble blow out. Here is the Dow adjusted for CPI, finally paying back investors after a 14 year debit in ‘real’ terms. Click on picture to enlarge SPX-CPI is almost to break even. Click […]
E Shares Of Prosensa Surge 50% After Announcing It Will Be Acquired By Biomarin
Shares of Prosensa Holdings NV (RNA) surged as much as 50% after it announced this morning that it would be acquired by Biomarin (BMRN) for approximately $840 million. The deal will be split up in certain parts depending on certain milestones reached. For instance, the initial payment to shareholders for Prosensa will be $680 million, or […]
Monday Market Movement – Drifting Into The Holidays
It’s a short week. That means we won’t expect much volume and that’s good because the volume we had on Friday was all downhill from the open. Friday’s volume was almost double the other days of the week and you can see how the TradeBots took full advantage of the gapped up open – courtesy […]
Profit By Connecting The Dots On The Next M&A Buyout
We could be on the verge of another major oil M&A boom like the historic one that brought Exxon and Mobil together. Mergers and acquisitions have the potential to shake up a market and send some stocks soaring, but the best industry plays aren’t all that obvious. That’s why we’ve dug deeper to find the […]
Will Crowdfunding Save Bitcoin?
Over recent months, there has been an uproar concerning the National Security Agency snooping into social media records of users from world over. This led to the development of many platforms which are claiming to be encrypted. One such platform is Tox, which is used for instant messaging. Tox recently announced its messaging platform enables […]
No Calendar Year (Since 1950) Has Gone Further Into The Year Without A 4-Day Losing Streak Than 2014
Click on picture to enlarge Can you believe Thanksgiving is almost here? Just five short weeks from now we will be celebrating a New Year! This year went fast for you? The above chart highlights that since 1950, no calendar year has gone further into the year without a 4-day losing streak! S&P 500 breaks […]
EC Thinking Clearly About Forecasting
There’s a pernicious rumor making the rounds that economic and market forecasts are accurate. There’s also a misguided notion embraced in some corners that all predictions are worthless at all times under all conditions. Both of these extreme views are unproductive, bordering on dangerous. Yes, peering into the future is hazardous work and it’s a […]
