On Friday, we brought you the shocking story of the rebellion that never was in Greece. According to FT, Former Greek Energy Minister and maverick among mavericks Panayotis Lafazanis convened a “secret” meeting at the Oscar Hotel in Athens on July 14 at which he attempted to convince Syriza hardliners (including, in FT’s words, “supporters of the…
Despite his enormous wealth from real estate and other deals Donald Trump may not be the best example for all investors to follow in terms of portfolio selection. With his recently released Public Disclosure Report (required of the Presidential candidates) we get a peek into “The Donald’s” stock portfolio, and it’s not pretty. Donald Trump, the Presidential…
The flood of Q2 earnings announcements continues this week, with almost one thousand companies reporting results, including 165 S&P 500 members. By the end of this week, we will have seen Q2 results from 70% of the index’s total membership. But with results from more than half of the index’s total market capitalization already out,…
Get ready for interest rate normalization to shape central bank balance sheets to more traditional levels, achieving mean reversion after a significant trend of magnitude towards accommodation that has been historic in nature. Goldman Sachs Group Inc (NYSE:GS) analysis didn’t use the exact words, but they did note with this new “neutral” central bank balance sheets…
Photo Credit: Pictures of Money The School of Money Most books dealing with money tend to be too advanced for average people. If you’ve read me long enough, you know that I am pretty conservative with my finances. That conservatism has generally worked well for me, my family, and the church that I…
We’ve all heard that money can’t buy happiness. That is only half-true. Money can’t buy unlimited happiness, but a higher income does make us happier (on average) up to a point. A famous study found that rising personal income does make us happier, but only up to an income of $75,000 a year. Time & Money One of…
The initial public offering (‘‘IPO’’) deal of the premium industrial metals & minerals giant Vale S.A.’s VALE base-metal minority stake seems to be in hot water; as nickel and copper prices continue to plunge, coupled with lower productivity in 2015. Thirst for Higher Cash Generation Vale encounters threats of stiff rivalry from other mining conglomerates such as BHP…
Two weeks ago we explained why Greek banks, which Greece no longer has any direct control over having handed over the keys to their operations to the ECB as part of Bailout #3’s terms, are a “strong sell” at any price: due to the collapse of the local economy as a result of the velocity of money…
Simon Wren-Lewis takes a look back to the 60s and 70s…”The reason I write about this now is that I’m in the process of finishing a paper on the knowledge transmission mechanism and the 2010 switch to austerity, and I wanted to look back at previous macroeconomic crises.” Robert Waldmann is part of this post. The…
For those who doubted that renewed talks with Greece would move along smoothly, it came as no surprise that the first snag was hit on Friday. Negotiators from the euro zone were to arrive in Athens to begin discussions to normalize talks with Greece’s creditors. The trouble began when a switch was made in the…
