Author Archive: Jeremy Parkinson
Want An Explanation For Secular Stagnation? Try Demographics
The Federal Reserve can lower interest rates to zero, or even–as the European Central Bank has done–into negative territory. But it can’t make lenders lend or would-be borrowers borrow if they don’t want to. And it certainly can’t make a shopper open their wallet and spend if they’re more inclined to save. Economist John Maynard […]
Deere Beats Q4 Earnings, Down Y/Y On Slowdown In Farming
Deere & Company’s (DE – Analyst Report) earnings per share in the fourth quarter of fiscal 2014 (ended Oct 31, 2014) declined 13.3% to $1.83 from $2.11 earned in the prior-year quarter impacted by less favorable product mix, lower shipment and production volumes and higher production costs. Earnings, however, beat the Zacks Consensus Estimate of $1.58, delivering an […]
Discouraging Economic Data And Outlook From Deere This Morning
The last third quarter report for the week (still 9 companies left to report for the season) came from Deere (DE) this morning. The company blew past expectations on both the top and bottom-line, with EPS of $1.83 beating the Estimize consensus by $0.16 and the Wall Street consensus by $0.25. Revenues came in at $8.04B, well above […]
Security Concerns Still Haunt Bitcoin
Bitcoin has long been considered a revolutionary that individuals will ultimately conduct their transactions. It is no doubt that the crypto-currency came a long way from only being considered another financial asset. However, various issues kept most of the masses away. One of the main problems that still lingers are security breaches which have not […]
Your Brand-Spanking-New Retirement Strategy
Is it even possible today to retire rich? The short answer is “yes.” We all know people who have done just that. Watching your neighbors Bob and Betty Rich live the good life well into their 90’s only tells you it’s possible, not whether you’re prepared to do it too. So let’s forget about the […]
October 2014 Personal Income And Expenditures Slightly Disappoint
This noisy data series came in below expectations. However the news is not that bad as the year-over-year growth of income is growing faster than expenditures. The market looks at current values (not real inflation adjusted) and was expecting:. In other words, both income and spending were slightly below expectations. The monthly fluctuations […]
E US Treasury Rates In 2015 And Some Investment Implications
The overwhelming majority of forecasters in late 2013, believed that interest rates in 2014 would rise. They were wrong. Rates mostly went down. Two leading bond fund managers (Bill Gross and Jeff Gundlach) believed rates would remain low. They were right. Once again, most economists and primary Treasury dealers, and some Fed governors, expect that the Fed will begin raising the Fed […]
Private-Sector Wages Up 5% For Year Through October
Personal income and spending posted modest gains in today’s October update from the US Bureau of Economic Analysis (BEA), albeit at monthly rates (+0.2% on both counts) that fell short of the crowd’s expectations. The usual suspects will fuss over the monthly comparisons and try to spin context out of noise with the data, but there’s more […]
The EU Commissioner
The EU President Jean-Claude Juncker has announced a €315 bn investment scheme in yet another attempt to try to kick-start the economy, and create 1.3 million jobs. These schemes are hopeless because they keep hunting capital and raising taxes. Without confidence in the future, people will not invest or expand their business to offset […]
Chicago PMI Suffers 4th Biggest Drop Since Lehman
Having surged to last October’s highs last month, Chicago PMI tumbled back to mediocrity in November, missing exuberant expectations by the most since July. As 60.8 (against 63.0 expectations) this is barely above the levels of Q1’s polar vortex as New Orders, Employment, and Production all fell (with only 2 components rising). This is the […]
