Author Archives: Darren Marchal

Comerica (CMA) Q1 Earnings Improve Y/Y, Interest Income Up

Have you been eager to see how Comerica Incorporated (CMA – Free Report) performed in Q1 in comparison with the market expectations? Let’s quickly scan through the key facts from this Texas-based money center bank’s earnings release this morning: Earnings Improve Y/Y Comerica came out with adjusted earnings per share of $1.54, up from the prior-year quarter adjusted figure…

Forex Manipulation: To Take Trump Seriously Means Not Literally

Through Republican and Democrat Administrations, no US president has found that a foreign country’s activities have risen to the level that can be considered manipulation for nearly a quarter of a century. Initially, the law required a judgment of intent. Intervention by itself, or even a pegged currency regime, was not proof of manipulation. Unsatisfied with…

Forex Manipulation: To Take Trump Seriously Means Not Literally

Through Republican and Democrat Administrations, no US president has found that a foreign country’s activities have risen to the level that can be considered manipulation for nearly a quarter of a century. Initially, the law required a judgment of intent. Intervention by itself, or even a pegged currency regime, was not proof of manipulation. Unsatisfied with…

No Better Signal Than The Yield Curve

Remember back a few years ago when all the hard-money advocates were complaining about how the Federal Reserve was distorting the economy with their zero interest rate policy? Hedge fund managers like Greenlight Capital’s David Einhorn constantly harped about the artificial “sugar high” the aggressive monetary policy stimulus was inflicting on both markets and the economy. These…

Go Regulate Yourself

So how do you regulate a new market that is decentral in nature?  Best Answer: Let them regulate themselves It may sound surprising but the world’s two most crypto friendly nations are going this way. Very recently both Japan and South Korea have announced the formation of a self-regulatory program for crypto exchanges. The idea is that those with hands-on experience in…

Some Economics For Tax Filing Day

U.S. tax returns and taxes owed for 2017 are due today, April 17. To commemorate, I offer some connections to five posts about federal income taxes from the last few years. Click on the links if you’d like additional discussion and sources for of any of these topics. 1) Should Individual Income Tax Returns be Public…