Japan’s second quarter GDP fell -1.6% after falling -7.3% in the first quarter. U.S. markets rallied sharply in October after Japan announced more efforts to stimulate their economy. Prime Minister Abe has now announced that the planned hike in the consumption tax to 10% will be postponed. From the linked article: The release earlier Monday of data showing [...]
From an article on the CNBC website: “A tax that is designed to hit employers will have the effect of harming employees,” Troy said. The Affordable Care Act included the Cadillac Tax as a means to control the spiraling cost of health care, by putting pressure on employers to offer less-generous health insurance plans than [...]
The Federal Reserve is about to release the minutes from its two day meeting. It is widely expected that the release will mention the end of quantitative easing, or QE. The linked CNBC article has a good explanation of what else market participants will be looking for in the statement. Chris Rupkey, chief economist at [...]
A post today on Business Insider has part of Dan Loeb’s recent letter to his investors on the recent market turmoil. Loeb is the founder of Third Point LLC. From the linked post: From Loeb’s letter: Before October, both market corrections and rallies back had been quick and dramatic this year. We feared that there [...]
China has been trying to slow down their growth rate to a sustainable level in order to prevent a boom and bust cycle, and it is a very delicate balancing act. Their rate of growth for the third quarter came in at 7.3%, the slowest rate in five years. From the linked WSJ article: Navigating [...]
by Laura Ehrenberg-Chesler
on October 16, 2014
My partners and I thought this was very helpful and insightful commentary on what is causing the action we are seeing in the markets. “So what is going on???? The way we see it, the margin clerks are in charge…this is liquidation, not orderly unwinds…It may have started in the oil space, but it is long term [...]
The recent economic data out of Europe shows that the sanctions against Russia are impacting the EU as well as Russia. The chart from this linked BusinessInsider article shows how much the sanctions are hitting Russia’s currency. The Russian ruble has collapsed to a record low against a basket of dollars and euros despite intervention by the [...]
by Laura Ehrenberg-Chesler
on October 8, 2014
My post today is one of my favorite quotes from Thomas Jefferson: “I am a great believer in luck, and I find the harder I work, the more I have of it.” Words of wisdom from one of our Founding Fathers.
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