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EC The U.S. Has A Huge Merchandise Surplus With China (And That’s Okay)

EC The U.S. Has A Huge Merchandise Surplus With China (And That’s Okay)

Mar 09, 2018 Finance 0

I have a huge trade imbalance with Wal-Mart. Huge. I spend hundreds of dollars on groceries and other items every month, but never—not once—has Wal-Mart ever bought something from me. Maybe I should stop shopping at Wal-Mart as a way of sticking it to them. Or not. My trade imbalance with Wal-Mart makes me better off. I actually […]
Trade As A Percent Of GDP: Deglobalization May Not Be All It Is Cracked Up To Be

Trade As A Percent Of GDP: Deglobalization May Not Be All It Is Cracked Up To Be

Mar 09, 2018 Finance 0

Ruchir Shama had a NYT column warning about the risks of a trade war from the tariffs Trump is imposing on steel and aluminum imports. At one point the piece tells readers about rising protectionism across the world and says that as a result, “trade has yet to recover to its pre-crisis level.” The measure of trade […]
Consumer Confidence Soaring But Spending Growth Is Modest

Consumer Confidence Soaring But Spending Growth Is Modest

Mar 09, 2018 Finance 0

Consumer Confidence Irrelevant Many bearish investors have used the heightened consumer confidence reports to justify their negativity. They want to fade the optimism because when euphoria occurs, it’s usually followed by despair. I certainly agree with this mindset when it comes to the consumer’s opinion on the stock market over the next year. We saw […]
Of Bandhan Bank’s IPO, GST Updates, And Top Cues In Focus Today

Of Bandhan Bank’s IPO, GST Updates, And Top Cues In Focus Today

Mar 09, 2018 Finance 0

Share markets in India closed on a positive note yesterday. Barring metal stocks, healthcare stocks & FMCG stocks, all sectoral indices ended the day in green with capital goods stocks, realty stocks and bank stocks leading the gainers. At the closing bell yesterday, the BSE Sensex finished higher by 318 points. While, the NSE Nifty […]
Whistling Past The Graveyard

Whistling Past The Graveyard

Mar 08, 2018 Finance 0

That was quick. The trade war scare was over by noon yesterday, and by the market close they were singing “Gary Cohn, we hardly knew ya”. Folks, what more evidence do you need that the financial markets are completely uncoupled from reality and that these feeble bounces between the 50-day and 20-day chart points are essentially the rigor mortis of […]
Conventional Portfolios Have Never Faced Greater Loss Prospects

Conventional Portfolios Have Never Faced Greater Loss Prospects

Mar 08, 2018 Finance 0

The mainstream response to falling interest rates over the past decade has been to increase stock weightings in the hopes that capital gains and dividends will support more income than guaranteed deposits can provide. But at the most extreme security valuation levels in history, this approach is designed to be financially devastating, especially to those […]
EIA Data Cannot Spark Natural Gas Volatility

EIA Data Cannot Spark Natural Gas Volatility

Mar 08, 2018 Finance 0

Natural gas prices settled down three-quarters of a percent today, again not seeing all that large of a trading range but trading outside the even tighter range of yesterday.  The result was another tick lower in the average prompt month daily trading range, which sits below 5 cents for the first time in at least […]
Corvus Pharmaceuticals Announces Pricing Of Public Offering Of Common Stock

Corvus Pharmaceuticals Announces Pricing Of Public Offering Of Common Stock

Mar 08, 2018 Finance 0

BURLINGAME, Calif., March 08, 2018 (GLOBE NEWSWIRE) — Corvus Pharmaceuticals, Inc. (Nasdaq:CRVS), a clinical-stage biopharmaceutical company focused on the development and commercialization of small molecule and antibody agents that precisely target crucial enzymes and proteins in the immune system to treat patients with cancer, today announced the pricing of an underwritten public offering of 7,058,824 […]
HKMA Urges “Stay Calm” As Hong Kong Dollar Plunges To 30 Year Lows

HKMA Urges “Stay Calm” As Hong Kong Dollar Plunges To 30 Year Lows

Mar 08, 2018 Finance 0

On the same day as Hong Kong Monetary Authority (HKMA) Chief Norman Chan urged citizens to “stay calm on the currency weakening,” the Hong Kong Dollar has plunged to its weakest in 33 years amid liquidity concerns and a global carry trade gone rogue. The Hong Kong Dollar has been in free-fall for the last […]
What Tariffs Would Really Mean

What Tariffs Would Really Mean

Mar 08, 2018 Finance 0

Every day, you plunk out cash to support your neighbors. And they support you. That’s how economies work. I buy from my local store, which employs people, and I use local services. Even when I buy from Amazon, the stuff has to get here somehow. We also pay taxes, much of which goes to services that employ […]