FX Weekly: Still Sailing In A Sea Of Calm, But What If A Bolt From The Blue Strikes
Last week’s global equity rally faltered amid concerns over delayed Federal Reserve rate cuts. Coinciding with this, the dollar hit its best stretch in nearly two months, though the move was modest. The yield on the US two-year Treasury note rose from 4.73% on May 15 to 4.95% by the week’s end, suggesting that the […]
Recession Watch: In Which I Agree With ZeroHedge
depositphotos From Zerohedge Given the long lag between recessionary indicators and economic recession, it is unsurprising economists gave up anticipating a recession. However, while the recession has not happened yet, it does not mean that it still can’t. We should pay special attention to data historically correlated to economic growth. To recap, here are the indicators that […]
M2 Money Supply And CPI Inflation
We have found that the correlation relationships between various types of credit and inflation are variable over time. So far, the kinds of credit studied are government deficit spending,1,6 consumer credit,2 mortgage debt,3 nonfinancial corporate credit,4 and financial sector debt.5 Here, we examine the relationship between the total money supply (M2) and Consumer Price Index (CPI) inflation.7depositphotos IntroductionThe M2 money supply […]
Weekly Commentary: Speculative Bubble Hype
May 24 – Bloomberg (David Ingles): “Nvidia’s 110% gain this year is enough to slingshot the company’s value above the entire market capitalization of Germany along with a range of other major bourses. The AI-boom poster child overtook Australia in early February, topped South Korea a few weeks later and as of the Thursday close, […]
Silver Doubled During The Last Asian Financial Crisis
Image Source: PixabayThe Yen weakens again past 157 per dollar, only three weeks after the Bank of Japan’s intervention at 160. Rumors of another Asian financial crisis on the wings are circulating, and do you know what doubled during the last one in 1997? That would be silver.So far, it looks like the SilverSqueeze top at […]
Singapore’s Industrial Production Remains In Contraction
Image Source: Pixabay Industrial production fell 1.6% Singapore’s industrial production dipped 1.6% year-over-year, worse than market expectations for -0.5% YoY. Production, however, was up from the previous month, posting a 7.1% YoY increase. In terms of components, the production of biomedical and electronics contracted while all other subsectors managed to post growth. Electronics were down 1.1% due mainly to […]
Should There Be New Transparency Rules For Active ETFs?
Image Source: PixabayOne of the most cited obstacles for the launch of active ETFs in Europe are the general transparency rules for ETFs. Unlike mutual funds, which under the Undertakings in Collective Investments and Transferable Securities (UCITS) regulation have the obligation to publish their portfolio twice a year, UCITS ETFs need to publish their portfolio on […]
Workday Stock Plunges As Guidance Dampens Investor Sentiment
Image Source: PixabayWorkday, Inc. (WDAY), a leader in enterprise cloud applications for finance and human resources, recently announced its financial results for the first quarter of fiscal 2025. The company reported total revenues of $1.990 billion, a substantial increase of 18.1% compared to the same period last year. Subscription revenues, which comprise a significant portion of the […]
Gold Prices Rise As The Dollar Slowly Dies
Image Source: PixabayThe money supply is rising again, and persistent price inflation is not a surprise. Price inflation occurs when the amount of currency increases significantly above private sector demand. For investors, the worst decision in this environment of monetary destruction is to invest in sovereign bonds and keep cash. The government’s destruction of the purchasing power of […]
Analysis And Intuition In Business Decisions
Image Source: PixabaySome decisions are made easily and quickly. They just feel right. Others, though, lead to laborious analysis, long consideration, and uncertainty all through the process. Sometimes the decision itself puts the business leader into one mode or the other, but often the personality of the decision-maker drives the process.The central question that a successful […]
