The Wall Street Journal – U.S. Home Prices Rise at Fastest Pace in 31 Months U.S. home prices rose in January at their fastest rate since mid-2014, a trend that bodes well for sellers but could start to eat into demand as buyers get priced out of the market. The S&P CoreLogic Case-Shiller Indices, which cover… Continue reading Home Prices Jump Again In January
The Wall Street Journal – A Soaring Dollar and Falling Yuan: The Sure Bets That Weren’t Many of the trades that seemed sure bets at the start of 2017 have already flopped in the first quarter. Investors’ high expectations about what President Donald Trump would be able to achieve in office, reflected in the “Trump trade,”… Continue reading Has The Trump Trade Worked?
Bloomberg Business – Behind Trump Rally Resilience Is Unusually Firm Profit Outlook Mystified about how the Trump stock bump keeps surviving presidential setbacks? Look at a pillar of the trade that predates his election. It’s the revival in S&P 500 Index earnings that began last year and appears certain to accelerate when results come due… Continue reading The Trump Rally And Earnings
MarketWatch.com – Caroline Baum: Why tax reform is not as simple as it sounds Real reform would close $1.6 trillion in deductions, exemptions and special-interest loopholes Lower tax rates, a simpler tax code, less time and money devoted to tax avoidance, compliance and preparation: Who isn’t in favor of tax reform? Treasury Secretary Steve Mnuchin… Continue reading The Difficulty With Tax Reform
Telegraph – Fading Trump rally threatened by rare contraction of US credit Credit strategists are increasingly disturbed by a sudden and rare contraction of US bank lending, fearing a synchronised slowdown in the US and China this year that could catch euphoric markets badly off guard. One key measure of US corporate borrowing is falling at… Continue reading Commercial Loans
The Financial Times – Matthew Goodwin: Shocked by populism? You shouldn’t be The revolt described by David Goodhart in ‘The Road to Somewhere’ has been decades in the making Populist revolts have always been symptoms of deeper shifts in society. Sixty years before the upheavals of 2016, it was the sudden arrival of the “Poujadists”… Continue reading More On Populism
The Financial Times – Three puzzles of the financial markets’ tug of war How the mix of bullish and bearish sentiments is muddying the picture The next three months will be crucial in achieving some denouement to these quandaries. In particular, a key question will be resolved: is there actually fundamental economic growth underpinning the US… Continue reading Investor Sentiment
Bloomberg Business – Newest Texas Refineries Plan to Turn Shale Into Fuel for Mexico The newest oil refineries in Texas are looking to join the hottest two plays in the North American oil industry. Raven Petroleum LLC and MMEX Resources Inc. are building refineries in the Eagle Ford and Permian Basin that will process ample local… Continue reading Refineries Plan To Ship Fuel To Mexico
The Hill – Fox Business tops CNBC in total viewers for 6th-straight month Fox Business Network continued its success against CNBC at the start of the year by delivering its first back-to-back quarterly win over its rival in total viewers during the business day, according to Nielsen Media Research. Fox Business’s March performance marked its sixth… Continue reading CNBC vs Fox Business
Reuters – Online competitors take on global banks in securities research shake-up A period of severe turmoil is facing the securities research industry as a regulatory overhaul threatens the way investment research is done. Online portals, in particular, are set to gain market share at the expense of major “bulge bracket” investment banks, reaching a… Continue reading Only 1% Of Investment Research Reports At The Top 15 I-Banks Are Actually Read
The Wall Street Journal – Yellen Calls for Better Public Education, Workforce Development Programs Speaking to reporters on Dec. 14, she said Congress and the Trump administration should focus on enhancing productivity with “policy changes that enhance education, training, workforce development.” On Tuesday, Ms. Yellen singled out public education as “probably the most important workforce development… Continue reading Yellen Wants Better Public Education
The Washington Post – Larry Summers: The disturbing way banks are still ducking punishment for driving the financial crisis The Obama Department of Justice has been attacked from both sides for its post-financial crisis approach. Some, like Sen. Elizabeth Warren, believe it was insufficiently aggressive and followed a “too big to jail” policy. Others, including many… Continue reading How Banks Avoid Punishment For Causing The Financial Crisis