Category Archive: Finance
Market Remains Overvalued – January 2018
Here is a summary of the four market valuation indicators we update on a monthly basis. The Crestmont Research P/E Ratio (more) The cyclical P/E ratio using the trailing 10-year earnings as the divisor (more) The Q Ratio, which is the total price of the market divided by its replacement cost (more) The relationship of […]
ISM Manufacturing Index Shows US In Brisk Expansion; Fed To Respond
Economic activity in the manufacturing sector expanded in December 2017, marking the 103rd consecutive month of economic expansion in the US. The numbers point to a continued brisk pace of expansion, likely inviting multiple Fed policy responses in early 2018. Here are the numbers: Source: ISM These figures make 2017, with its 57.6 average, the […]
Ripple Price: XRP/USD Hits $3.24, Market Cap Already 60% Of Bitcoin
Ripple, the cryptocurrency backed by some banks in Asia and elsewhere for facilitating transactions, continues its relentless rise. The XRP coins, which dived to $0.82 just before Christmas, have quadrupled in value. XRP/USD reached a new high of $3.24 and is back to $3.14 at the time of writing. On the day, Ripple is up […]
December 2017 US Cash Deficit $10B, 2017 Cash Deficit $710B
Nothing really interesting about December’s $10B deficit, but we now have a total for 2017 which rang up at $710B, $13B higher than 2016’s $697B deficit. This is the highest annual deficit since 2012 topping 2013’s deficit by just $1B and is the second year in a row of increases. Digging in a bit, revenues […]
Stock Market Insanity And Narcissus
Hello everyone, I do hope you had a great day. I have been on the road all day, so I will endeavor to keep tonight’s post concise and to the point, before my eyes drop and I fall out of my chair! One thought before I do that, I usually lead every night with a […]
Stellar Lumens (XLM) Aiming To Follow Ripple’s Footsteps
The Rise of Stellar Lumens XLM: We have a new altcoin in our top 10 largest cryptocurrencies by market cap which is making a buzz in the market. Stellar Lumens or XLM have been soaring up since last Christmas day. Many argue it could be the next Ripple. Here is a quick overview. What is […]
Of Electoral Bonds, Bitcoin, And Other Top Cues In Focus Today
Indian share markets pared all earlier intraday gains yesterday to end the session on a negative note. At the closing bell yesterday, the BSE Sensex closed lower by 19 points and the NSE Nifty finished flat. The S&P BSE Mid Cap finished up by 0.5% while S&P BSE Small Cap finished up by 1%. Gains […]
Is Inflation Driven More By “Expectations” Than By The Money Supply?
For most economic commentators the underlying driving force of inflation is inflationary expectations1. For instance, if there is a sharp increase in the price of oil, individuals may form higher inflationary expectations that could set in motion spiraling price inflation. Or so it is held. If expectations could somehow be made less responsive to various price shocks, then […]
Will Metal ETFs Continue To Fuel Commodities In 2018?
After lagging in the first half of 2017, commodities staged a nice comeback in the second half amid continued bullishness in the stock market and an increased appetite for riskier assets. In fact, commodities ended 2017 on a high note, registering the longest rally since 1991, with the Bloomberg Commodity Index, which measures returns on […]
Political And Economic Events That Could Impact The Australian Economy In 2018
The Australian economy slowed right down in the first quarter of this year. Turnover in the retail sector, a decline in the construction sector, and reduced business capital expenditure have caused economic growth to undercut expectations. At one point, there was talk of Australia sliding into a technical recession, but this didn’t happen. Photo Source […]
