Note: The charts in this commentary have been updated to include the Q2 2017 Second Estimate released yesterday. The chart below is a way to visualize real GDP change since 2007. It uses a stacked column chart to segment the four major components of GDP with a dashed line overlay to show the sum of the…
Bitcoin goes Parabolic, we have seen this movie before, it never ends well…
The tropics certainly are active right now. Yesterday we had Tropical Storm Irma form, and now today it is already a hurricane. The storm is still forecast to take a rather unusual west-southwest track across the Atlantic, and this puts the United States at an elevated risk of landfall as it is less likely that…
ETF.com posted an interview with Hossein Kazemi from Chartered Alternative Investment Analyst Association who did a study that concluded that small and medium sized endowments can effectively compete with the larger endowments by using ETFs to replicate the non-market based alternative strategies that funds like Harvard and Yale are known for and getting very similar return streams…
The U.S. government is getting closer and closer to running out of cash… for real this time. The government has until the end of September to raise the U.S. debt ceiling – that is, the total amount the government is allowed to borrow. Otherwise, it won’t be able to pay its bills. The U.S. government…
Novartis AG (NVS – Free Report) announced that the FDA has approved its breakthrough gene transfer treatment, Kymriah (tisagenlecleucel) suspension for the treatment of patients up to 25 years of age with B-cell precursor acute lymphoblastic leukemia (ALL) that is refractory or in second or later relapse. Kymriah, formerly CTL019, is the first chimeric antigen receptor T cell…
Cannabis oil is a significant revenue stream for licensed producers in Canada and this is a trend we expect to continue for the foreseeable future. Cannabis oil represents a fantastic opportunity and solution for licensed producers. The opportunity is great because not only does the product generate more revenue for the company but it also…
Note: This commentary has been updated to include this morning’s release of the July data for Real Personal Income Less Transfer Receipts. Official recession calls are the responsibility of the NBER Business Cycle Dating Committee, which is understandably vague about the specific indicators on which they base their decisions. This committee statementis about as close as they…
Money is not the key to wealth. While you can’t have wealth without money, it’s also true that you can have money and not feel wealthy – only 28 percent of millionaires feel that they are rich. When considering career choices as an intern, you’ll want to think about your financial future, but you also…
