Author Archive: Jeremy Parkinson
U.S. Economy Teetering On The Brink Of Recession
U.S. Economy on the brink of recession. Audio Lenght: 00:19:57
Chinese Iron Ore Prices Plunge After CISA Warns Of Persistent Overcapacity
Having rebounded along with practically every other risk-asset class in the world over the last month or so, Chinese Iron Ore futures are collapsing tonight. Despite the promise of Chinese LTROs expanding credit (just like they didn’t in Europe), iron ore prices are down around 4% – the biggest drop in over 2 years – to as low […]
Supply, Supply, Supply
50% of the basic economic equation is supply. Too little of it, prices climb, too much, they fall. In the real estate market 6mos is considered “equilibrium” where supply meets demand. When you have too little supply and still increasing demand, you can just about guarantee higher prices. The Houston housing market is seeing this […]
Make Profits From Tougher Oil Transport Rules
Well, it happened again. A Burlington Northern Santa Fe (BNSF) train carrying crude oil derailed on Wednesday in North Dakota and caught fire. No one was injured, but the small town of Heimdal was evacuated. This is the ninth fiery oil train derailment in North America since 2013. The amount of crude oil shipped by […]
Why Subsidize Data Centers?
A number of authors (Good Jobs First, David Cay Johnston, me, and me, among others) have pointed out that data centers (aka server farms) in the United States create very few jobs, yet receive state and local government subsidies that routinely exceed $1 million per job. I’m sure you already know that numbers like those make me ill: […]
Comex Gold Rises To A Near Record 107.7 Claims Per Registered Ounce
Well, here we are again. As you may have noticed from my postings of the Comex Warehouse Gold inventories, lately there has been a significant drop in the level of ‘registered’ or deliverable gold held there. And since the open interest or number of contract held by punters and investors is not dropping commensurately, the […]
Yet Another Chart That Whimpers “Recession”
It’s worthwhile recalling that mainstream economists, the Federal Reserve, government agencies and the mainstream financial media all deny the economy is in recession until it falls off a cliff. Back in March I published unambiguously recessionary charts of new orders and per capita energy consumption: New Orders Look Recessionary (March 9, 2015) Why Is Per Capita Energy […]
Why Are Exchange-Traded Funds Preparing For A ‘Liquidity Crisis’ And A ‘Market Meltdown’?
Some really weird things are happening in the financial world right now. If you go back to 2008, there was lots of turmoil bubbling just underneath the surface during the months leading up to the great stock market crash in the second half of that year. When Lehman Brothers finally did collapse, it was a […]
Cisco Efficiency Shines Through Q3 Earnings
Tech behemoth and Dow component Cisco Systems (CSCO – Analyst Report) reported earnings results after the bell Wednesday, and met earnings estimates once again. Cisco brought in 48 cents per share (accounting for stock-based compensation) on fiscal Q3 revenues of $12.14 billion. The Zacks Consensus Estimates expected 48 cents per share and $12.06 billion in sales. In […]
