E “Economist” In Me Says This Is A Threat To Gilead
New York Attorney General Eric Schneiderman recently launched an investigation into 16 health insurance companies’ coverage of HCV and their restrictions. I concluded that [i] by offering more access to high-priced HCV drugs, insurers might incur higher benefit pay outs and [ii] insurers could potentially form coalitions to negotiate steeper discounts from Gilead GILD and […]
Understanding Flow Of Funds Accounting
After the post a few weeks ago where I showed that Post-Keynesian Stock Flow Consistent modeling has become very popular on Wall Street I got a ton of emails asking for more details on this approach. So, here’s a short description and a few good links for you to explore if you’d like. Stock flow consistent modeling is […]
Here’s What To Do About Sherwin-Williams’ Acquisition Of Valspar
Sherwin-Williams (SHW) is the leader in the North American coatings (paint) industry. The company is the 3rd largest coatings corporation globally. Source: Source: Sherwin-Williams Credit Suisse Presentation, slide 5 The company is not an overnight success. Sherwin-Williams was founded in 1866. Sherwin-Williams’ management has a long history of rewarding shareholders with rising dividend payments. The company has paid increasing dividends […]
EUR/USD And GBP/USD Forecast – March 21, 2016
EUR/USD The EUR/USD pair pulled back during the course of the session on Friday, showing the 1.13 level as being overly exhaustive. This is a market that should continue to go higher given enough time, but at this point in time we are waiting to see whether or not we can find a supportive candle […]
5 Stocks To Watch This Week – March 21, 2016
(Photo Credit: daniel julià lundgren) We’re officially at the crossover point for earnings season, with some stragglers still reporting for Q4, such as Krispy Kreme and GameStop, while a handful of names, including Nike, Finish Line and Red Hat are beginning to report for the first quarter. Tuesday, March 22 Thursday, March 24 Nike (NKE) Consumer […]
“A Dreaded Scenario For Oil Bulls Is Becoming A Reality” Reuters Warns: U.S. Production Is Coming Back On Line
One month ago, as we pounded the table on the biggest threat to the fundamental case for oil, namely that even a modest rebound in oil prices could unleash another round of production by the “marginal”, US shale oil producers, we warned that a rebound in the price of oil as modest as $40 per […]
Empty Buildings And Wasted Debt: The Chinese Economic “Miracle”
There’s no doubt that the Chinese economic miracle is real. When you move 500 million people from rural to urban settings, taking them from small farms and putting them in a specialized labor force, the economic dividend is massive. That’s how you keep GDP growing more than 7% for 25 years. But along the way, they […]
PBOC Warns Of Elevated Debt; Risk Rockets Higher But Japan Lags
China has a debt problem, and most of the market is well aware of it at this point. We had written on this topic just a couple of months ago, noting that China’s increased debt-load across the country can make it even more difficult to recover from this most recent bout of weakness. Nonetheless, it was […]
Greenspan: Worried About Inflation, Says “Entitlements Crowding Out Investment, Productivity Is Dead”
Former Fed Chairman Alan Greenspan spoke with Tom Keene and Mike McKee for Bloomberg TV & Radio. He discussed the ramifications of negative interest rates, entitlement spending, and declining productivity. On the state of the U.S. and global economy, he said: “We’re in trouble basically because productivity is dead in the water.” On whether he […]
WTI Crude Oil And Natural Gas Forecast – March 21, 2016
WTI Crude Oil The WTI Crude Oil market initially tried to rally during the course of the session on Friday but found the area close to the $41 level to be far too much. That being the case, the market turned right back around to form a bit of a shooting star. With this, it […]
