The Recipe For Singapore’s Prosperity
Singapore is one of my favorite nations for the simple reason that it consistently gets very high scores from Economic Freedom of the World and the Index of Economic Freedom (as well as from Doing Business, Global Competitiveness Report, and World Competitiveness Yearbook). I also greatly admire Singapore’s for a 10-year period beginning in the late 1990s. Government spending actually shrank by […]
China’s Ghosts Are A Future Property
The term “ghost city” is a loaded one, often deployed to skew toward a particular viewpoint. In the context of China’s economy, it has become shorthand for perhaps the largest asset bubble in human history. While that may ultimately be the case, in truth China’s ghost cities aren’t about the past but its future. There […]
EUR/USD Elliott Wave Forecast: Bullish Impulse
The bullish trend is present in EUR/USD currency pair, 15 minutes chart. The price of EUR/USD currency pair is going to rise up now on a short-term basis to create a Bullish Impulse Elliott wave pattern and Spot Forex traders should consider taking a possible buy trading chance. Strong key support level is present at 1.1433 […]
Empire State Manufacturing: Another Strong Regional Report Bearing Little Resemblance To Reality
I have not commented on the regional manufacturing reports much lately because they bear no resemblance to reality. Setting reality aside, let’s take a look at the Empire State Survey which kicks off another month of regional surveys. The Econoday consensus estimate for the Empire State region diffusion index was 15. The actual report was +9.8. Econoday praised this meaningless […]
EC HH Wal-Mart Just Isn’t A Growth Company Any More
Apparently taking lovability lessons from United Airlines (at least pre David Dao), ex-Uber boss Travis Kalanick and Pharma-bro Martin Shkreli, Wal-Mart (WMT) decided to lay down the hammer on suppliers telling them that they’ll be fined not only if deliveries are late but also if they’re early and that WMT will tolerate no disputes. Why is the […]
Auto Defaults Soar On The Back Of “Hasty Loans And, At Times, Outright Fraud”
In the years after its 2009 bankruptcy, Chrysler looked for a dedicated lender to help customers “finance their cars quickly”…which was code for a lender who could help the struggling OEM expand their market share by making extremely risky loans to subprime borrowers all while laying off the credit risk to unsuspecting pension funds.As such, Chrysler […]
Does This News Show A New Top Copper Nation Rising?
Last week was tough for the copper mining sector in Chile. With S&P downgrading the country’s sovereign debt for the first time since the 1990s, because of lower copper prices. And workers at the Zaldivar mine voting for yet another strike in the Chilean sector. And news elsewhere suggests Chile may have even more to worry about when […]
Amid Recent Struggles, Signet Jewelers Names New CEO To Succeed Mark Light
Shares of Signet Jewelers (SIG) are in focus in morning trading after the company said Chief Executive Officer Mark Light would be succeeded by named Virginia Drosos on August 1. The appointment comes after the company reported quarterly earnings below expectations in May, disclosed the resignation of its COO, announced plans to outsource its credit […]
The Two Posterchildren
I am sure to madden a bunch of readers this morning, but here it goes nonetheless. For most of the spring and early summer, there were two poster children of speculative froth. The first was Tesla. Egged higher by Elon Musk’s tweets poking fun at the skeptical short sellers, this stock was seemingly unstoppable. Rising […]
Fast Food, Slow Thinking
Investing: “It’s not supposed to be easy. Anyone who finds it easy is stupid.” – Charlie Munger Over the past 2 years, McDonald’s stock is up over 70% while Chipotle’s is down 38%. Was this expected to happen? Not exactly. In July 2015, Chipotle’s stock had advanced 70% over the prior 2 years while McDonald’s […]
