EDITOR'S CHOICE
Q4 Earnings Season: Strong Growth, But Weak Quality
Article By:
Sheraz Mian
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Saturday, January 20, 2018 6:24 PM EDT
A lot goes into ‘earnings quality’. But as a general rule, it is reasonable to be wary of a big variance between adjusted and GAAP earnings. Going by this simple rule, you have to question the ‘quality’ of Q4 earnings reports.
Fortress TIC
Article By:
Jeffrey P. Snider
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Thursday, January 18, 2018 5:04 AM EDT
The just-released TIC data for November in terms of bank liabilities showed a big difference to the middle month (August) of last quarter (though for the quarter as a whole it was far less different and positive).
In this article: GS
U.S. Treasuries: Starting Off On The Wrong Foot
Article By:
WisdomTree
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Wednesday, January 17, 2018 8:05 AM EDT
There is no doubt 2018 has gotten off to a far different start for the U.S. Treasury (UST) market as compared to the last few years.
Ready. Set. Get Prepared For Inflation
Article By:
Andrew Zatlin
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Tuesday, January 16, 2018 4:59 AM EDT
U.S. cargo shipments contracted throughout 2015 and 2016.
JPMorgan's Positive Kickoff To Bank Earnings
Article By:
Sheraz Mian
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Saturday, January 13, 2018 6:54 PM EDT
JPMorgan’s reasonably good quarterly results reconfirm its leadership position and likely provide read-throughs for its peers that are on deck to report results in the coming days.
Two Potentially Important Notes For Consumer Credit
Article By:
Jeffrey P. Snider
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Monday, January 8, 2018 11:30 PM EDT
In terms of strictly consumer credit, the banking sectors provide the vast majority of marginal credit vs. non-banking sectors, meaning that though the latter has been reluctant to lend, the former has more than made up for it.
Export-Led Growth Is Just A Fallacy
Article By:
Foundation For Economic Education
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Saturday, January 6, 2018 3:28 PM EDT
What ultimately matters is what we receive in exchange for what we produce. X-led growth is not a thing.
EM Vs DM Macro And Markets
Article By:
Callum Thomas
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Friday, January 5, 2018 6:01 AM EDT
With the December round of PMI data released, it's a good time to take a look at some of the key macro and market metrics for developed vs emerging economies.
In this article: EEM
The Common Denominator For Everything
Article By:
Jeffrey P. Snider
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Wednesday, January 3, 2018 7:56 AM EDT
More economists are starting to believe that central banks should do even more; the same things, of course, like promises to do whatever monetary policy “stimulus”, only now with a higher target attached.