EUR/GBP At 8 Year Highs – Levels To Watch
EUR/GBP is trading around the highest levels since 2009, in the immediate aftermath of the financial crisis. The cross reflects the weakness of the pound in light of Brexit uncertainty and the resilience of the euro ahead of Draghi’s expected pre-announcement of QE tapering. 0.9237 has been the highest level seen so far in 2017. […]
The Top 20 Tech Companies By Revenue Per Employee
Whether the goal is to organize the world’s information or to build an algorithm that makes millions of lives easier, pretty much every tech company in existence aims to leverage software in some way to do the types of jobs that would otherwise be impossible or uneconomical for humans to do. Tapping into the […]
A Brief History Of The Bank Of England’s Endogenous Money Policies: An Ode To Roy Harrod
by Philip Pilkington Roy Harrod, usually remembered today for his part in the development of the Harrod-Domar growth model was also, so far as I can see, the most sophisticated monetary economist among the early Post-Keynesians. His book Money, designed as a sort of textbook put together over the years using his lecture notes, is a testament to […]
Indexes: Back Up
The title of this post is inspired by the widely-reported remark that Hillary Clinton considered making at the second Presidential debate (gee, THAT would have changed people’s minds about her, huh?). I’d like the indexes to “back up”, too, and, for the moment at least, they seem to be starting. Looking at international markets, it’s plain to […]
Hartford Bankruptcy Looms As CT Gov Admits “We Spent Money On Wrong Things”
Connecticut Governor Daniel Malloy is among the country’s least popular governors after forcing through two tax hikes that sent individuals and corporations fleeing from the state. Luckily for the state and its people, Malloy apparently has no interest in sticking around to take the heat when it comes time for the next hike: He has announced that he […]
USDCAD Daily Analysis – Thursday, August 24
USDCAD stays in a falling price channel on its 4-hour chart, indicate that the pair remains in the downtrend from 1.2778. As long as the price is in the channel, the downtrend could be expected to continue and next target would be at 1.2450 area. Only a clear break above the channel resistance could signal […]
Trump Comments Shake Wall Street But Don’t Shake Trade Partners
U.S. President Donald Trump’s threats to cancel the North American Free Trade Agreement (NAFTA) sent Wall Street lower on Wednesday, but Canada and Mexico, the U.S.’s trade partners, didn’t seem to take the comments as seriously as market analysts. At a rally in Phoenix on Tuesday night Trump mentioned that “we’ll end up probably terminating […]
Gold Up On Softer Dollar
Gold prices ended Wednesday’s session up $5.71 as disappointing U.S. economic data and political uncertainty weighed on the dollar. In economic news, the Commerce Department said sales of new homes declined 9.4% to an annualized pace of 571K homes from 630K. Market participants will closely watch the Jackson Hole speeches for clues on future monetary […]
Sunrun, Comcast Enter Into Agreement To Offer Residential Solar Program
Sunrun (RUN) and Comcast (CMCSA) announced an agreement designed to accelerate the adoption of solar energy through the installation of Sunrun’s rooftop solar products and provide consumers with savings on their electric bills. Under the 40-month agreement, Sunrun will be the exclusive residential solar energy provider for Comcast Cable, and Comcast Cable will serve as […]
Crude Oil, Gold Prices Reflect Market-Wide Focus On Jackson Hole
Commodity prices struggled to find fuel for directional follow-through. Gold prices continued to mark time in familiar territory. Fed policy speculation is formative for the benchmark anti-fiat asset and traders seemed unwilling to commit one way or another ahead of a much-anticipated speech from Janet Yellen on Friday. Crude oil prices edged up within the recently-prevailing congestion range even […]
