Posts

Civic Honesty Around the Globe

Image
In Figure 1, share of wallets reported in the NoMoney and Money conditions, by country: [1] (Left)  Share of wallets reported in NoMoney (US$0) and Money (US$13.45) conditions, by country. The amount of money in the wallet is adjusted according to each country’s purchasing power.  (Right)  Average difference between Money and NoMoney conditions across quartiles based on absolute reporting rates in the NoMoney condition.  Error bars represent standard errors of the mean. References Civic honesty around the globe

Mari Boine—a Norwegian Singer

Image
Mari Boine (born Mari Boine Persen, 8 November 1956) is a Norwegian singer. She combined traditional yodeling folk music, or yoik, with rock.

Side-by-Side View of S&P 500 ETF and Fear&Greed Index

Image
SPDR S&P 500 ETF ( SPY ) Fear & Greed Index ( CNN )

What is the name of money?

Money has different names! In temple or church, it's called donation . In school, it's fee . In marriage, it's called dowry . In divorce, alimony . When you owe someone, it's debt . When you pay the government, it's tax . In court, it's fines . Civil servant retirees, it's pension . Employer to workers, it's salary . Master to subordinates, it's wages . To children, it's allowance . When you borrow from bank, it's loan . When you offer after a good service. it's tips . To kidnappers, it's ransom . Illegally received in the name of service, it's bribe . The question is, "when a husband gives to his wife,what do we call it? ANSWER:

Gold Investment— All Things Considered

Image
Spotlight on Metals, with Rick Rule   (YouTube link ) At an Hedgeye interview, Jurrien Timmer —Director of Global Macro at Fidelity Investments—stated that: Gold has become a bond proxy . We've all seen the chart of the negative yielding debt overlaid against the price of gold. They're perfectly correlated. Gold is a play on real rates , probably more than anything else. If you look at the TIPs yield it’s a very strong inverse correlation over the last 10 years or so. I'm convinced that over the next 10 years as this demographic tsunami sweeps around the most of the world I think yields will stay low . When you combine demographics with debt, that’s the two headed monster. We're at $15 trillion in negative yielding debt. Warren Buffett always liked to dis gold because it doesn’t have a yield. In a negative yielding world, a zero yield is a high yielding asset all of a sudden. So yes, I like gold from that perspective. 10 Influencers As a matter of fac...

Proxies for US-and-China's Cycle—Lumber and Copper

Image
In this article, we will illustrate both lumber and copper prices using the same technical indicators as described in a previous article: Technical Analysis—Indicators that Identifies Overbought and Oversold levels From the below charts, it seems to support Bloomberg's comment on 11/30/2019: When it comes to financial markets, it looks like America is besting China . The U.S. economy however was off to modest start in the fourth quarter as consumers limited spending . More broadly, central bankers are worried what their cheap money policies may wreak . Lumber Price Copper Price References Technical Analysis—Indicators that Identifies Overbought and Oversold levels

Technical Analysis—Indicators that Identifies Overbought and Oversold levels

Image
In [1], Victor Dergunov  has used the below indicators to identity $SPX overbought levels: Commodity Channel Index (CCI) Relative Strength Index (RSI) Full Stochastic Oscillator In this article, we will use the same indicators to look at EWY (iShares MSCI South Korea Capped ETF NYSE). Figure 1.  EWY chart on 11/08/2019 Relative Strength Index (RSI) Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. RSI oscillates between zero and 100. According to Wilder, RSI is considered overbought when above 70 and oversold when below 30 . Signals can also be generated by looking for divergences, failure swings and centerline crossovers. RSI can also be used to identify the general trend. EWY (11/08/2019) On 11/05/2019, the RSI was over 70 and now is back to 66.40. Commodity Channel Index (CCI) Commodity Channel Index (CCI) is a versatile indicator that can be used to identify a new trend or warn o...