Author Archive: Jeremy Parkinson
Fractional Reserve Banking – An Interview With Claudio Grass
The Swiss “Vollgeld” Initiative Revisited Bloomberg has numerous offices around the world, many of which appear to have quite an independent streak, at least that is our impression. Readers who occasionally watch clips from Bloomberg’s Asia Edition are probably aware of this. One can often see in-depth interviews there with people who espouse views far […]
Chart Of The Week – Soaring C&I Loans – Corporate Execs Steal It While They Can
Look what’s happening with Commercial and Industrial Loans. They are soaring at an 11% rate.But that money is not going toward investment in the expansion of business. Too much of it is being used for financial engineering, as corporate executives use the finds to buy back their stock options, thus lining their own pockets while […]
Forex Critical: Speculators Beat A Major Retreat From Bearishness On The British Pound
A bottom for the British pound just got more likely. The latest data from the CFTC shows that net speculators beat a major retreat from net short positions against the British pound: Bearish sentiment is suddenly in major retreat on the British pound (FXB) Source: Oanda’s CFTC’s Commitments of Traders The chart shows that speculators have […]
Expected Euro Fluctuations In 1.1250 – 1.3335 Range
Yesterday’s Trading: The euro/dollar on Friday closed down. The ECB’s head economist Peter Praet hinted at a possible extension of their current monetary stance. The euro found a support at 1.1255. From here the rate restored to 1.1306. US stats helped it to restore to this level. The strengthening underwent some interference from the euro/pound […]
Fed Secures Stocks’ Recovery
Dovish Fed announcement helps markets conclude recovering from rough year start S&P concludes fifth consecutive weekly gain, as it adds 1.35% CBOE VIX Index decreases to lowest since December USD/JPY hits lowest since Oct 14 Solid backwind from Wednesday’s dovish Fed rate announcement helped stocks see continue recovering. The leading S&P500 index increased 1.35%, completing […]
Coffee Smells Stronger At A 5-Month High
Coffee futures touch a 5-month high on production drop and weaker US Dollar. But is there more room to the rally? The May contracts for Coffee Futures continues to see a bullish run in the markets as prices touched a 5-month high on Friday. Coffee futures, KC_6K settled on Friday at 133.85 marking a third […]
Gold Weekly Analysis
Gold ended Friday’s session down $2.41, to settle at $1255.37 an ounce as investors continued to cash in recent gains after the market failed to breach the $1267.50 resistance level. Gold prices which slumped to a two-week low of $1225.39 earlier in the week got a boost from the Fed’s announcement and ended traded as […]
Rethinking Long-Term Care Policies: Will Your Health-Care Insurer Outlast You?
One of the little-discussed consequences of low and negative rates is the impact they have on the viability of insurers, especially long-term care insurers. Insurers sold policies long ago expecting to invest proceeds in high-grade corporate bonds yielding a respectable 7.5% or more. Thanks to central bank policies, bond yields are in the gutter. In […]
Weekly Forex Forecast – March 21, 2016
GBP/USD The British pound initially fell during the course of the week, but found enough support just above the 1.40 level to turn things around and form a bit of a hammer. The hammer of course is a bullish sign and therefore I feel that if we can break above the 1.45 level, this market […]
Insurer Survivability: (More) Unintended Consequences Of ZIRP And NIRP!
ZIRP AND NIRP! For potential property buyers and current owners of property who are thinking of refinancing a mortgage, ZIRP has been, and NIRP may someday be, fantasticmonetary policies! ZIRP? NIRP? For those unfamiliar these acronyms are not the sounds an infant might make but instead are deadly serious policies that are being used by central bankers around the world in […]
