Category Archive: Finance, No picture
The Distortions Of Doom Part 2: The Fatal Flaws Of Reserve Currencies
<< Part 1: The Global Distortions of Doom: Hyper-Indebted Zombie Corporations The way forward is to replace the entire system of reserve currencies with a transparent free-for-all of all kinds of currencies. Over the years, I’ve endeavored to illuminate the arcane dynamics of global currencies by discussing Triffin’s Paradox, which explains the conflicting dual roles of national […]
USD/CAD Daily Analysis – Wednesday, Oct. 10
USD/CAD failed in its attempts to break above the falling trend line on the 4-hour chart and pulled back to 1.2930 area, suggesting that corrective consolidation for the uptrend from 1.2782 is underway. Deeper decline would likely be seen and the target would be at 1.2890 area. On the upside, as long as 1.2890 support […]
Sensex Up 1.3%; Consumer Durables Stocks Witness Buying
After opening the day flat share markets in India are trading on a positive note and are presently trading above the dotted line. Sectoral indices are trading on a mixed note, with stocks in the energy sector and stocks in the PSU sector witnessing maximum buying interest. The BSE Sensex is trading up by 433 points (up 1.3%) and the NSE Nifty is trading up […]
Weekly Gasoline Price Update: Regular And Premium Up Four Cents – Wednesday, Oct. 10
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 up four cents each from last week. According to GasBuddy.com, California has the highest average price for Regular at $3.80 and South Carolina has the cheapest at $2.59. The WTIC end of […]
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 […]
