Category Archive: Finance, No picture
Mediocre Housing Numbers: Single-Family Starts And Permits Down, Multi-Family Up
Today’s construction report shows permits fell 0.6%, single-family starts fell 1.8%, but multi-family starts rose 1.6%. Here are some more details from the Census Bureau’s Residential Construction Report for October. Building Permits Privately‐owned housing units authorized by building permits in October were at a seasonally adjusted annual rate of 1,263,000. This is 0.6 percent below the revised […]
Here’s How The Fed’s Bloodletting Sucks The Life Out Of Bloated Asset Bubbles
The Fed increased its scheduled bloodletting of the banking system to (up to) $50 billion per month in October. We’ve seen the effects. The Fed calls this program “normalization” but I call it “bloodletting”, in honor of the medieval medical treatment for a disease. That barbaric treatment used leeches to suck the blood from sick […]
The 1% Will Always Get Richer
Emmanuel Macron faced protesters across France during the weekend, in a country where he has been dubbed The President of the Rich. What interests me is that title. The President of the Rich. Are not all governments, the governments of the rich? Isn’t that why we have the 99% for, as the rich get richer, the poor get poorer? […]
Top And Flop ETFs At Half-Way Q4
At the midway through the fourth quarter, stocks across the globe are stuck in a nasty web of woes. Higher interest rates in the United States, political malaise in Europe, trade woes and threats of global slowdown have created tensions in the equity world. Oil slipping into the bear territory has led to further caution […]
Catastrophe Bonds: A Primer
Most bonds are a way for corporations and government to borrow money. A catastrophe bond is different. It’s effectively a way for an insurance firm to re-insure some of the extreme risks it faces.Andy Polacek offers a nice overview in “Catastrophe Bonds: A Primer and Retrospective”, a recent Andy Polacek offers a nice overview in “Catastrophe […]
USD/JPY Rate Remains Under Pressure As Fed Endorses Gradual Approach
JAPANESE YEN TALKING POINTS USD/JPY extends the decline from the previous week as Federal Reserve officials express mixed views towards the U.S. economy, and recent price action keeps the downside targets of the radar as the exchange rate extends the series of lower highs & lows from the previous week. USD/JPY RATE REMAINS UNDER PRESSURE AS […]
New Residential Building Permits: 1.263M In October
The U.S. Census Bureau and the Department of Housing and Urban Development have now published their findings for October new residential building permits. The latest reading of 1.263M was a decrease from a revised 1.270M in September and above the Investing.com forecast of 1.260M. Here is the opening of this morning’s monthly report: Building Permits Privately‐owned housing […]
Sensex Ends 300 Points Lower; Metal And IT Stocks Witness Selling
Share markets in India witnessed most of the selling pressure during closing hours and ended their trading session on a negative note. Sectoral indices ended on a negative note with stocks in the metal sector and IT sector witnessing most of the selling pressure. At the closing bell, the BSE Sensex stood lower by 300 points (down 0.8%) and the NSE Nifty closed down […]
EUR/USD Is Suffering From The Italian Crisis And Lower Chances Of A Rate Hike
The EUR/USD is falling from the hard-fought highs on the Italian crisis. ECB rate hike projections, Brexit, and other events are set to move the pair. The technical picture is slightly less bullish. EUR/USD is trading in the lower half of the 1.1400 handle, down on the day. Italy is in the limelight. Italy is dragging […]
E The USD Index Found A Top
The USD Index looks to have recently found a top at the 97.7 level for the previous complex correction. If that is the case, then a new minimum three-wave bearish reversal may follow in upcoming sessions, and current drop can be labeled as wave 1. Wave 1 is a motive wave, and must unfold five-waves […]
