The Wealth Divide Is Growing And Threatening
A final reflection on the way of the world before getting back to FinTech and banking. Whilst on holiday, we became interested in buying a property in Dubai, and began making enquiries. It soon transpired that this would be a dream, as the average price of a villa on the Palm was over $4 million, […]
Rail Week Ending 20 January 2018: Terrible Start To 2018
Week 3 of 2018 shows same week total rail traffic (from same week one year ago) contracted according to the Association of American Railroads (AAR) traffic data. The rolling averages for the economically intuitive sectors are now in contraction, and the decline in the last four weeks negatively affected all the averages. Analyst Opinion of the Rail […]
Gold & Euro Facing Critical Breakout Tests, Says Joe Friday
The past 11 and 7-years respectively have not been kind to the Euro and Gold, as each has created a series of lower highs and lower lows for years. The dual chart below looks at the Euro and Gold and the long-term bear market each has been in: The Euro has experienced a historically strong […]
E Canada’s Central Bank: The Economy Is Operating At Close To Full Capacity
Canada’s economic growth recovery in 2017 was far stronger than many would have predicted. Clearly, the recent recovery in the oil and gas production and the weak currency worked its magic and sparked a recovery in manufacturing output and employment. As well, industrial capacity utilization rose sharply last year and currently is not all that […]
Q4 GDP Unexpectedly Misses, Rising Only 2.6% Dragged By Soaring Trade Deficit
The consensus expected a 3.0% GDP print, with whisper numbers well above that and some expecting a print as high as 5%. However it was not meant to be, and as the BEA reported moments ago, the first estimate of Q4 GDP came in at 2.6%, missing expectations and below last quarter’s 3.2% GDP print, and the […]
Morning Call For Friday, Jan. 26
OVERNIGHT MARKETS AND NEWS Mar E-mini S&Ps (ESH18 +0.29%) this morning are up +0.35% and European stocks are up +0.42% on optimism in the global economy. GBP/USD moved higher, and European stocks garnered support on strength in the British economy after Q4 UK GDP expanded faster than expected. The markets will scour a keynote address […]
A Vision For The European Economic Future
I have seen the future of the European Economy and it is not looking good. The EU tracks a wide number of European wide economic indicators, everything from consumer credit, to unemployment expectations in the future. Much of the data is survey based and so it involves an individual opinion on a subject. It is […]
Weekend Reading: What Could Possibly Go Wrong?
What goes up, eventually comes down. That is just reality. The bull market that began in 2009, has now entered the final stage of “capitulation” as investors throw caution to the wind and charge headlong into the markets with reckless regard for the consequences. Of course, it isn’t surprising given the massive amounts of liquidity continually injected […]
US GDP Misses With 2.6% – USD Falls
The US economy grew at an annualized pace of 2.6%, significantly lower than 3% expected. Durable goods orders came out at 2.9% m/m, above 0.9% predicted. Core orders advanced by 0.6%, more than 0.5% forecast. The US dollar is initially lower. The US was expected to report an annualized growth rate of 3% in the […]
BTC/USD And BTC/JPY Forecast – Friday, Jan. 26
BTC/USD Bitcoin traders did very little during the session on Thursday, as we continue to bounce around above the $10,000 support level. We are above $11,000, which in and of itself is slightly positive, but I am still concerned by the lack of volume that we see in the market. I believe that for tells […]
