The lack of understanding with respect to market development is astonishing. The gold promoters keep desperately trying to argue that demand is somehow rising for physical coins so somehow the prices are not real. At the bottom of markets it is never fresh buying that makes the low – it is short-covering – end of…
There are three main talking points today: 1) The divergence in the trajectory of monetary policy, illustrated by Atlanta Fed’s Lockhart yesterday, and to be tested today by the ADP private sector employment estimate; 2) The July service sector PMIs; and 3) The IMF’s update on the yuan’s inclusion in the SDR. Lockhart suggested for some like himself,…
EUR/USD Signal Update Yesterday’s signals expired without being triggered. Today’s EUR/USD Signals Risk 0.75% Trades may only be taken before 5pm London time today. Long Trade 1 Long entry following a bullish price action reversal on the H1 time frame immediately upon the next touch of 1.0813. Put the stop loss 1 pip below the local…
In the past, Microsoft’s operating system, known as Windows, was one of the key products that helped the company become the giant it is today. However, as time goes on, technology evolves; and that evolution has led to Microsoft’s focus leaving the PC space and entering into the cloud! However, there’s been quite a bit…
Wondering why the drop-out rate from college is so high? One reason could be that a stunning 65% of students avoided buying textbooks due to the cost. As NBCNews reports, textbook prices have risen over three times the rate of inflation from January 1977 to June 2015, a 1,041 percent increase– dwarfing the government’s official CPI data….
The belief that the Fed’s QE (Quantitative Easing) does not directly boost the US money supply remains popular, even though it is obviously wrong. This is remarkable. It’s even more remarkable, however, that this wrongheaded belief is dearly held by some analysts who are generally astute, a fact I was reminded of when reading a recent…
Imagine you’re a pilot who is preparing to land an airplane. You’ve just eased up on the throttle, thereby slowing your airspeed. To compensate, you gently pull back on the yoke to increase the plane’s angle of attack. A buzzer suddenly goes off… it’s the stall warning. Your approach is too slow! The aircraft is at risk…
It looks like a Fed interest rate hike in September is a real possibility. After months of uncertainty and speculation, a senior Fed official came out in support of the rate increase sending the dollar upwards, primarily at the expense of the Swiss Franc and Canadian Dollar. Dennis Lockhart, president of the Federal Reserve Bank…
When stock market guru Laszio Birinyi told bubblevision today that S&P 3200 would be reached by 2017, he’s argument was essentially to keep on keeping on: “What we’re really trying to tell people is stay with it, don’t let the bad news shake you out…There’s no reason we can’t keep on going,” he said. That…
I wrote a story about poor Clarence who retired in 1979, and even poorer Larry who retired last year. I created these characters to challenge the notion of calculating a real interest rate by subtracting inflation. The idea is that the decline of a currency can be measured by the rate of price increases. This price-centric view leads to the…
