Category Archive: Finance, No picture
E The Forgotten Topic – The US Budget Deficit Is Approaching One Trillion Dollars
Even though the US economy is literally booming, the US Treasury reported its highest budget deficit in six years. The massive corporate and individual tax cuts passed by the Republican-controlled Congress late in 2017 and the increase in government spending agreed to in February has clearly escalated the fiscal deficit, as most economists expected. This […]
The Fed’s Misleading Money Supply Measures
The most robust national income determination model is the monetarist model. The course of the economy when measured in nominal terms is determined by the course taken by the money supply. Indeed, the positive relationship between the growth rate of the money supply and both nominal GDP and nominal aggregate demand growth is unambiguous and […]
Weekly Gasoline Price Update: WTIC Down Again
It’s time again for our weekly gasoline update based on data from the Energy Information Administration (EIA). The price of Regular and Premium are down three cents each from last week. According to GasBuddy.com, Hawaii has the highest average price for Regular at $3.86 and South Carolina has the cheapest at $2.48. The WTIC end of […]
That Didn’t Last Long
Paul Volcker caused a minor stir last week releasing a book he has been working on. The aging former Federal Reserve Chairman apparently has a lot to say about the current state of affairs. “We’re in a hell of a mess in every direction”, he told Andrew Ross Sorkin of The New York Times. No kidding; that about […]
World Markets Update – Monday, Oct. 29
One of eight indexes on our world watch list have posted gains through Monday, October 29, 2018. The top performer this year is India’s BSE SENSEX with a gain of 0.75%. In second is our own S&P 500 with a loss of 1.21%. In third is France’s CAC 40 with a loss of 6.08%. Coming […]
Is This Selling Going To Stop?
Stocks went on a wild ride today with incredible volatility. Selling was relentless until an impressive rally in the last 15 minutes of the day left everyone wondering if we just saw capitulation. If you’re wondering the same thing then watch this video now because you may be surprised to find out what may happen […]
64% Of Firms Doing Business In China Consider Relocation, Only 1% To N. America
Trump’s tariffs are taking a huge bite on corporate profits, but the US will not benefit at all. Reuters reports Many U.S. Firms in China Eyeing Relocation as Trade War Bites. U.S. companies operating in China believe they are suffering more from the trade dispute than firms from other countries, according to the poll by the […]
NZD/USD Price Outlook: Kiwi Carries Breakout Potential
The New Zealand Dollar has continued to trade just below multi-month slope resistance with the initial October opening-range in focus heading into the close. Here are the updated targets and invalidation levels that matter on the NZD/USD charts. NZD/USD DAILY PRICE CHART Technical Outlook: In my Weekly Technical Outlook on the New Zealand Dollar, our ‘bottom line’ noted that Kiwi was, […]
