Category Archive: Finance, No picture
Rising Interest Rates Start Popping Bubbles — The End Of This Expansion Is Now In Sight
Towards the end of economic expansions, interest rates usually start to rise as strong loan demand bumps up against central bank tightening. At first, the effect on the broader economy is minimal, so consumers, companies, and governments don’t let a slight uptick in financing costs interfere with their borrowing and spending. But eventually rising rates […]
E Asia Is Bonding, Opposite Of Trump’s Hope
I wrote an article recently about how Scott Sumner, of the Mercatus Center, destroyed the FT over China. It appears that the Mainstream Media is really trying hard to plant articles showing how great tariffs are, how great “Made in America” is, to the point of propaganda. I am not accusing Noah Smith of propaganda, but Dr. […]
AUD/USD Weekly Analysis – Wednesday, Oct. 10
AUD/USD broke above the falling trend line on the 4-hour chart, suggesting that the downside movement from 0.7314 had completed at 0.7041 already. Further rally would likely be seen in a couple of days and next target would be at 0.7200 area. Near term support is at 0.7080, only a breakdown below this level could […]
Sensex Opens In Green, Maruti & Hero MotoCorp Top Gainers
Asian stocks are lower today as Japanese and Hong Kong shares show losses. The Nikkei 225 is down 0.3% while the Hang Seng is up 0.4%. The Shanghai Composite is trading down by 0.2%. Meanwhile, the Nasdaq fell for the third straight day as a sell-off in Chinese markets sparked concerns about slowing global economic growth, though the S&P 500 pared losses to end […]
The Populist Pathology
The populist pathology is incredibly simple; no one ever takes the blame. Things continually go off-track and officials merely shrug their shoulders and point their fingers. The very idea of accountability is anachronistic. Now that dark clouds are gathering, in the IMF’s words, the fingers are out again. President Donald Trump said Tuesday that he does not […]
Updating Thoughts On Gold, US Markets, Oil, And China
Chris Temple and I discuss a wide range of topics today including weakness in gold and US markets, strength in the oil market, and China’s tinkering with its bank reserve requirements. There are some overarching themes that are major contributors to the trends we are seeing and these themes look to be in place for […]
Another Rate Hike? No Surprises, No Worries
If you want to make money in bonds, make more money as rates move up and eliminate losses in sell-offs… learn to do nothing. One of the things I try to drill into new bond investors, especially in the increasing rate environment we have now, is that the best strategy in bonds is exactly that: […]
Multiple Jobholders: Over Two Decades Of Trends As Of September
What are the long-term trends for multiple jobholders in the US? The Bureau of Labor Statistics has two decades of historical data to enlighten us on that topic, courtesy of Table A-16 in the monthly Current Population Survey of households. At present, multiple jobholders account for just 4.9 percent of civilian employment. The survey captures data for […]
