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New ETF Targets The ETF Industry

New ETF Targets The ETF Industry

Written by Heather Bell Yesterday, Exchange Traded Concepts brought to market the somewhat self-referential ETF Industry & Financial Services ETF (TETF). The fund targets publicly traded companies that are involved in the management, servicing, trading or sale of ETFs. The fund comes with an expense ratio of 0.64% and tracks the Toroso ETF Industry Index. Given […]
Weak Productivity Growth Is A Global Problem

Weak Productivity Growth Is A Global Problem

The question of where American productivity growth has gone is plaguing policymakers. Without productivity growth, the economy must rely on credit growth to boost GDP. Credit growth is like food. If you eat a normal amount, you’ll be fine. If you eat too much food, you gain wait and become unhealthy. If the debt piles […]
How High Corporate Taxes Drive Business Away

How High Corporate Taxes Drive Business Away

Many people in both parties agree that the United States needs corporate tax reform, but we have a harder time passing tax reform than our international competitors. Will we succeed this year? The United States has been blessed with a system of checks and balances that require the House, Senate, and Executive Branch to sign […]
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                        Why Countries Shouldn’t Sell Their Natural Resources To Foreigners

E Why Countries Shouldn’t Sell Their Natural Resources To Foreigners

On December 11, 2016, I posted on Econintersect an essay that focused its attention on Cuba. It was titled “Own Cuba – Don’t Sell Her.” It is now time to enlarge our focus on Africa, namely on each and every nation of Africa, and the rest of the world for that matter. Here is what […]
Market Talk – April 21, 2017

Market Talk – April 21, 2017

Having seen a strong US close on the back of potential tax reforms sooner rather than later, Asia responded with positive returns across the board. Well, actually the Hang Seng closed with a small loss of -0.06% which almost felt like a gain. Obviously, after such a volatile week traders have squared books as much […]
February 2017 Leading Index Review: Trends Are Mixed

February 2017 Leading Index Review: Trends Are Mixed

This post is a review of all major leading indicators follows – and their trends are mixed.  Analyst Opinion of the Leading Indicator Forecasts Most of the leading indicators are based on factors which are known to have significant backward revisions – and one cannot take any of their trends to the bank. I continue to […]
ISM-PMI Divergence Widens: Markit Estimates 2nd Quarter GDP At 1.1%, Says Profit Squeeze Underway

ISM-PMI Divergence Widens: Markit Estimates 2nd Quarter GDP At 1.1%, Says Profit Squeeze Underway

Unlike their counterparts at the ISM, Markit sees growth in both services and manufacturing weakening with U.S. private sector growth at a seven-month low in April. Markit notes that a profit squeeze on businesses. Input prices are rising faster than final prices on goods and services. Markit’s chief economist keeps his 1st quarter GDP estimate at […]
Tesla Inc. Stock Little Affected By Parking Brake Recall

Tesla Inc. Stock Little Affected By Parking Brake Recall

Tesla Inc (TSLA) stock rallied on Friday, recovering a good chunk of the value it lost on Thursday after the company announced a safety recall. The problem is related to the brakes in the Model S and Model X vehicles that were built between February and October 2016. Given that this time period includes more than half […]
Maxim Falls After Automotive Growth Stalls, Peers Follow Lower

Maxim Falls After Automotive Growth Stalls, Peers Follow Lower

Shares of semiconductor companies that make automotive chips are underperforming the broader market and the sector this afternoon after Maxim (MXIM) suggested a slowdown in automotive may be on the horizon, despite reporting third quarter earnings yesterday that came in ahead of expectations. Earlier today, Evercore ISI downgraded shares of Maxim. EARNINGS BEAT: For the […]
Stocks Jump As Trump Promises Plan For “Biggest Tax Cut Ever” Next Week (Again)

Stocks Jump As Trump Promises Plan For “Biggest Tax Cut Ever” Next Week (Again)

It’s deja vu all over again… *TRUMP SAYS HE WILL UNVEIL TAX PLAN NEXT WK: AP *TRUMP SAYS PLAN TO INCLUDE `MASSIVE’ CUT FOR COS., INDIVIDUALS And the machines fell for it… As AP reports, President Donald Trump says businesses and individuals will receive a “massive tax cut” under a tax reform package he plans to unveil […]