The Absurdity Of The “Living Wage”
POITOU, FRANCE – Today is Labor Day. Most of the world pays homage to its sweating, busing, trucking classes, its poor huddled masses… yearning for a cushier seat and a better deal… on May 1. President Grover Cleveland chose the first Monday in September. Of great interest to people in America, as indicated by the […]
How Closely Is Your State Economy Tied To Canada?
With negotiations around NAFTA continuing on into this week, many Americans are rightfully wondering how major changes to the deal could impact their lives. Discussions are still early, and it’s tough to predict the exact policies that will be affected until negotiations reach their peak. However, until that point, there is one simple barometer that […]
Are Millennial Investors The Only Investors With Short Attention Spans?
Doug Goldstein, CFP®, director of Profile Investment Services Ltd., and Shannah Game, CFP® and millennial investment specialist, discuss if millennial investors short attention span is unique to their generation, or if other investors also suffer from limited financial focus. Shannah shares with Doug how she encourages millennials to take their retirement and financial future seriously. […]
Cryptocurrencies Crashing. Time To Sell Or Buy The Dip?
Cryptocurrencies are crashing. In the last 48 hours most of the largest cryptocurrencies lost approximately 30%. Is this time to panic and sell everything (as implicitly suggested by this Forbes author)? Or is this a buy opportunity? Before looking into the details we would like to stress the fact that this type of volatility makes an investor intuitively […]
Gasoline Prices Tumble As Refiners Resume Operations
RBOB Gasoline futures tumbled to their lowest level in almost a week overnnight as several US Gulf Coast refineries reported their plans to restart operations after the devastation of Hurricane Harvey forced them to shutdown. While about one-fifth of U.S. refining capacity is halted, according to data compiled by Bloomberg, some plants including those operated by Citgo Petroleum Corp. and Marathon Petroleum Corp. […]
Congressman Supporting Approval Of PTC’s DMD Treatment, Says Citi
Citi analyst Joel Beatty found comments online from U.S. Congressman Collin Peterson that voice support for approval of PTC Therapeutics’ (PTCT) Duchenne muscular dystrophy treatment ataluren, which is also known as Translarna. The document appears to have been posted last Thursday in response to the FDA’s request for comments regarding its advisory panel meeting scheduled […]
Colorado Scattershots
Ask a child what he or she wants to be when they grow up, and you’ll probably get a standard answer: firefighter, doctor, teacher – all occupations we learn to recognize at an early age. Rarely do you hear a young one say, “I want to be a writer.” I don’t recall ever saying it. […]
Since 2001…
As you know, there are a whole lot of people out there who are concerned that the rally in U.S. stocks rests on a shaky foundation characterized by an overreliance on tech. These concerns have found expression in cautious notes from Goldman and lengthy missives penned by the likes of Howard Marks, who in July implicitly compared the […]
Economic And Other Dangers Of Climate Change: Why We Need To Act Now
Jan Dash PhD is a physicist, an expert at quantitative finance and risk management, and a consultant at Bloomberg LP. In his thought-provoking book, Quantitative Finance and Risk Management, A Physicist’s Approach, he devotes a chapter to climate change and its long-term systemic risk. Jan’s Climate Portal provides background. In this interview with Phil Stock World’s editor Ilene Carrie, Jan discusses climate change and […]
China Slams Trump’s Trade Threat As “Unacceptable”
An angry China slammed President Trump’s threat on Monday to cut off trade with countries that deal with North Korea, as “unacceptable” and “unfair.” As a reminder, following Sunday’s nuclear test by North Korea, Trump threatened to increase economic sanctions and halt trade with any country doing business with North Korea, a threat he has […]
