Investment is an essential component of economic growth. Investment supports a healthy inflation rate by providing new money into the economy. What determines investment? Through the IS-LM model, we can understand interest rates and investment. The IS curve has its own model before it is incorporated into the IS-LM model. In that IS model, investment…
Tomorrow we learn of the participation of the second opportunity to borrow funds from the ECB under the Targeted Long-Term Repo facility. Recall that this year’s access was limited to 7% of a bank’s loan book (loans to households and businesses excluding mortgages). Next year’s access is somewhat linked to growth of that loan book. The…
Costco Wholesale Corporation (COST – Analyst Report) commenced fiscal 2015 on a strong note, delivering better-than-expected first-quarter results. The company posted earnings of $1.12 per share that surpassed the Zacks Consensus Estimate of $1.09 and rose 16.7% from 96 cents reported in the prior-year period. Impressive comparable-store sales (comps) performance aided bottom-line growth. Let’s Unveil Further The warehouse…
The incumbent Greek President’s term ends in March 2015. Replacement of President Karlos Papoulis is the responsibility of the Greek parliament and requires the support of 180 MPs from a total of 300 lawmakers. The current government of Prime Minister Anonis Samaras has 155 seats and so he needs the support of 25 opposition MPs….
You can print all the money you want, but it will never boost wages to keep up with prices. Central banks have been pursuing two goals for the past six years: ignite inflation and an expansion of debt that will supposedly generate “growth.” Despite squandering trillions of dollars, yen, yuan and euros, central banks have failed…
Japanese stocks tumbled to a more than one-week low on Wednesday morning, as political uncertainty in Greece spooked world markets already under strain from a slide in crude oil prices and worries over global growth. The resulting flight to safety drove the yen higher and took a toll on exporters. The Nikkei benchmark dropped 1.5…
At this year’s Jackson Hole Symposium, Fed Chair Janet Yellen delivered an extended analysis of “Labor Market Dynamics and Monetary Policy”. Her speech essentially reviewed the ongoing debate over the mix of cyclical versus structural factors in employment since the Great Recession. I’ve updated a series of charts illustrating some structural changes in the workforce…
Photo Credit: SnapCar PR While many look to Uber as the leader in taxi disruption, SnapCar has been quietly building its business by targeting a lucrative and often loyal group of customers: enterprises. SnapCar is starting its second year with big news: They’ve just closed an impressive €2 million round with a group of…
