Federal Deficits Are Worse Than You Think

Voters tend to be rationally ignorant. Since a single vote does not matter, for most potential voters the cost of being politically well informed is greater than the benefit of being knowledgeable about political affairs. Therefore it’s rational for most voters to be ignorant regarding political issues. A main reason for the high cost of being…

Eurodollar Now Testing Key Support

The weekly chart for the EUR/USD is another that is now developing an interesting pattern and moving to test a key level of support that could ultimately define the longer term trend of this pair. Starting with the pattern itself, over the year the price action has built into a head and shoulders, albeit with…

GasLog Transports Liquefied Natural Gas

Today I’m reviewing a small-cap oil & gas midstream firm by the name of GasLog Partners LP.Its trading ticker symbol is GLOP. I last reviewed GLOP December 22nd2017. GasLog Partners LP owns, operates & acquires liquefied natural gas (LNG) carriers engaged in LNG transportation under long-term charters. As of February 8, 2018, it had a…

China Blinks: Why Beijing’s Currency Intervention Is Doomed

The People’s Bank of China announced Friday a re-introduction of reserve requirements on FX forwards trading which it had eliminated last September just after the Yuan soared against the dollar – a move aimed at taking pressure off the renminbi as the USDCNY rapidly closed in on 7.00. However, as ING’s Chris Turner writes, this looks only a temporary…

Sterling’s Drop Paces Dollar Gains

The US dollar edged higher against most of the major currencies, and emerging market currencies are heavier. Sterling’s quarter percent drop makes it the weakest of the majors in slow turnover and it was sufficient to record a new 11-month low. Sterling failed to get much of a lift from last week’s BOE rate hike,…

Indian Indices Trade Marginally Higher; Bank And Telecom Stocks W

Share markets in India are presently trading marginally higher. Sectoral indices are trading on a positive note with stocks in the banking sector, metal sector and telecom sector witnessing maximum buying interest. The BSE Sensex is trading up by 157 points (up 0.4%), while the NSE Nifty is trading up by 34 points (up 0.3%). The BSE Mid Cap index is trading up by 0.4%, while the BSE…

Tesla’s Cobalt Blues; Spin, Fake News Or Deception?

“Spin” is a form of propaganda that relies on a biased interpretation of fact to influence opinion. “Fake News” is a more dishonest form of propaganda that relies on a combination of fact and falsehood to influence opinion. “Deception” is an even more dishonest form of propaganda that principally relies on falsehood to influence opinion. Depending…

Gold Forecast: August 2018

Gold prices settled at $1213.11 an ounce on Friday, falling 0.77% on the week. The prospect that rising U.S. interest rates will further support the dollar continued to weigh on the market, pushing gold down for the fourth week in a row. While President Donald Trump delivered a critique of the Federal Reserve last month,…