EDITOR'S CHOICE
The Cuban Missile Crisis – Lessons For Investors
Article By:
Lars Christensen
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Friday, August 11, 2017 8:28 AM EDT
Based on the Cuban experience, investors would be well advised to ignore the geopolitical reality show. Instead, they should focus on the growth outlook for nominal earnings – in other words, on nominal GDP. The leader to watch is Janet Yellen.
The Rise Of Zombie Companies — And Why It Matters
Article By:
Mises Institute
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Wednesday, August 9, 2017 4:49 AM EDT
The rise of zombie companies is not a good thing. Zombification does not boost job creation or buy time, it is a perverse incentive that delays the recovery.
If You Own Stocks You’re A Value (And Growth) Investor
Article By:
Cullen Roche
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Monday, August 7, 2017 5:04 PM EDT
Entrepreneurs and good business owners pretty much always believe their business is selling below its intrinstic value and will provide growth in the future.
Almost Ten Years And Still Nits To Pick
Article By:
Jeffrey P. Snider
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Friday, August 4, 2017 8:04 PM EDT
Shorts or not, the fact that repo fails were happening and to such a degree was what really mattered. Eliminating the happy narrative was simply a matter of realizing that nobody sensible would really need to be short cash UST’s.
Non-Farm Friday: Is Our America Working?
Article By:
Phil Davis
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Friday, August 4, 2017 10:42 AM EDT
209,000 jobs. That's pretty good, only 183,000 new jobs were expected and June was revised up by 9,000 more jobs (231,000) with unemployment now down to 4.3%.
In this article: SPX
Market Valuation, Inflation And Treasury Yields - Clues From The Past
Article By:
Jill Mislinski
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Thursday, August 3, 2017 1:40 PM EDT
US stock indexes are significantly overvalued, which suggests cautious expectations on investment returns. In a "normal" market environment -- one with conventional business cycles, current valuation levels would be a serious concern.
Let’s Talk About “Maximizing Shareholder Value”
Article By:
Cullen Roche
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Wednesday, August 2, 2017 3:56 PM EDT
Maximizing shareholder value might not seem like a controversial idea, but many argue it leads corporations to do bad things like overpay executives, issue options-based compensation, buy back shares or pay workers too little, etc
US Auto Sector And Broader Thoughts On The US Labor Market
Article By:
Marc Chandler
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Wednesday, August 2, 2017 9:44 AM EDT
Since the Great Financial Crisis, the auto sector (not just GM) played an important role but sector sales have fallen in five of the first seven months, and there has not been a single month in which sales surpassed year ago figures.
Hyping Lean
Article By:
Jeffrey P. Snider
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Tuesday, August 1, 2017 4:43 AM EDT
This downturn or slowdown is relentless and never ends, and even the most reluctant business has had to come to terms with it. Corporate America is in no rush to hire anyone but the executive with the strategy for the leanest.
In this article: PG
Financials Continue To Lead US Equity Sectors For 1-Year Return
Article By:
James Picerno
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Thursday, July 27, 2017 7:34 AM EDT
The trend remains your friend if financials have been overweighted in your portfolio. Measured by one-year performance, this sector is red hot in absolute and relative terms, based on a set of proxy ETFs.
