Aaron Steelman has an “Interview” with Douglas Irwin in the Econ Focus journal published by the Federal Reserve Bank of Richmond (2017, Third Quarter, pp. 20-25). On the genesis of his most recent book, ” a comprehensive, more than 800-page history of U.S. trade policy, Clashing over Commerce“: “I distinctly remember being in my Chicago office in 1995 when…
from the International Monetary Fund — this post authored by Ratna Sahay and James P. Walsh China’s leaders have made financial stability one of their top priorities. Given the size and importance of the Chinese market, with the world’s largest banks and second-largest stock market, that is welcome news for China and the world. The financial system permeates…
When yesterday we discussed the latest troubles facing embattled retailer Steinhoff, whose bonds are owned by none other than the ECB, we said that while the company’s bonds mature in 2025, its bankruptcy is at most months away. In retrospect, and in light of the latest news, that may have been optimistic, because it now appears that…
Last week, while guest-hosting on behalf of Jeremy Schwartz, I had the pleasure of speaking with DeAnne Steele, Head of National Portfolio Management and Consultancy Practice with U.S. Trust. She brought a wealth of both experience and passion to the concepts of impact investing and looking at making investments with sensitivity to the gender lens. …
And so it begins. The SEC has now suspended trading in The Crypto Company’s common stock. Earlier this month, the company revealed a private placement to accredited investors priced at just $7 per share. That would be an enormous 97% discount to where the equity was trading at the time. This is from the 8K: On December 12,…
According to a MarketsandMarkets report, the global artificial intelligence (AI) market will be worth $16.06 billion by the year 2022. The researcher estimates the industry to grow at a phenomenal rate of 62.9% annually over the period 2016 to 2022. Earlier this year, AI-driven media services provider Veritone (Nasdaq: VERI) went public. It had a rather…
Video Length: 00:06:58 The US Congress is working in overdrive to get tax reform legislation on President Trump’s desk before the end of this week, and all signs are pointing to the increasing likelihood that both the House and the Senate have their votes wrapped up by Wednesday at lunch. As the first piece of…
Video Length: 00:06:58 The US Congress is working in overdrive to get tax reform legislation on President Trump’s desk before the end of this week, and all signs are pointing to the increasing likelihood that both the House and the Senate have their votes wrapped up by Wednesday at lunch. As the first piece of…
The latest FOMC meeting was accompanied by Janet Yellen’s press conference. Let’s analyze the implications of her remarks for the gold market. Solid Growth, Strong Labor Market, and Subdued Inflation In her opening remarks, Yellen noted that economic activity has been solid recently, the labor market has been strong, but inflation has been running below the Committee’s 2…
The headline residential building permits declined and construction completions declined. But we keep our eyes on the rolling averages because of the significant monthly fluctuations. Analyst Opinion of Residential Building The backward revisions this month were moderately downward.The nature of this industry normally has large variations from month to month (mostly due to weather) so…
