Author Archive: Jeremy Parkinson
See No Evil: What We Chose To Ignore In The April Jobs Report
We live in an age where bad economic news is not only unwelcome, but it is routinely overlooked or excused. On the other hand, good news is spotted and trumpeted even when it doesn’t exist. An ideal illustration of this dangerous tendency towards collective selectivity came last week when the markets and the media somehow […]
Calpers Wins Pension Lawsuit, Not Good News For Chicago (Or Bondholders In General)
Judge Rejects Bondholders’ Lawsuit Over Pension Debt In bankruptcy, the federal courts have ruled that cities can reduce pension obligations. They can, but they don’t have to. In Detroit, bondholders were sacrificed to maintain police and fire pensions with minimal haircuts. On Monday, U.S. Bankruptcy Judge Meredith Jury ruled against bondholders in favor of Calpers […]
Access National – All Time High
The Chart of the Day is Access National (NASDAQ:ANCX) . I found the stock buy sorting the All Time High list for the stock with the best technical buy signals, then used the Flipchart feature to review the charts. Since the Trend Spotter signaled a buy on 1/13 the stock gained 11.47%. Access National Corporation serves as the holding company for […]
Import And Export Price Year-Over-Year Deflation Continues In April 2015. Much Less Deflation Was Expected By The Markets
Global trade prices continue to deflate year-over-year. Import prices are down 10.7% from a year ago, while export prices are down 6.3%. The market was expecting much less deflation. Import Oil prices were up 0.7% month-over-month, but export agricultural prices fell 0.8%. with import prices down 0.3% month-over-month,down 10.7% year-over-year; and export prices down 0.7% month-over-month, down 6.3% year-over-year.. the markets […]
SP 500 And NDX Futures Daily Charts – History Repeats – Grapes Of Wrath
Export-Import prices this morning came in weakly, showing little upward pressure on monetary inflation. Retail sales however came in badly and that gave the markets the shakes. The Atlanta Fed’s model of forward GDP is showing 2Q at about 0.7 percent. Hardly the kind of number favoring a policy of tightening. And so the dollar […]
Cisco Systems, Inc. Edges Out Earnings Estimates
Cisco Systems, Inc. (NASDAQ:CSCO) Systems released the earnings results from its third quarter of fiscal 2015 after closing bell tonight, posting non-GAAP earnings of 54 cents per share or $2.8 billion on $12.1 billion in revenue, a 5% increase from last year. Analysts had been expecting earnings of 53 cents per share and $12.07 billion in […]
Less ‘Goldilocks’, More ‘Three Bears’: Bullion Bid As Stocks & Bonds Skid
The correlation between stocks and bond yields continues to have regime-shifted to approach -1 (not 1 – as is more ‘normal’) confounding asset allocators and risk parity funds across the market… This seemed appropriate… If that analogy didn’t help, maybe this will clear things up… Small investor, shown here on right, with cash on the […]
US Nearing Recession, Dollar Falling Hard
The dollar soars by a record amount versus the euro and the yen in 2014. And economists predict strong growth in 2015. Really? If a country can have a rapidly-appreciating currency with all the benefits that that confers, and strong economic growth with all the obvious advantages that that confers, why wouldn’t everyone be going for powerhouse […]
John Williams: Get Ready For New Recession
John Williams of ShadowStats.com shares Peter Schiff’s expectation of a new round of quantitative easing from the Federal Reserve. Williams believes the United States economy is slowing down and headed into another recession. He sees inflation rising in the coming years as the markets realize that the Federal Reserve is incapable of actually helping the […]
