As promised below, I have written something about investment (warning google document) In the note, I calculate some variables related to discounted future profits. Here is a snip from the paper in which I define them. Standard micro founded models of investment are based on shareholder value maximization and assume that there are adjustment costs, so…
Welcome to edition 234 of Insider Weekends. In a week where we saw the Dow post its biggest weekly decline since 2011, insider buying more than quadrupled with insiders buying $190.94 million of stock compared to $44.02 million in the week prior. Part of this buying was driven by insiders from the energy sector as we…
For months, our computer has been targeting next week – the week of December 15th. This target appears poised to present a low perhaps on Monday, which is also a panic cycle target. We can see that the Dow has remained nicely within the upward channel. So far it…
by Matt Insley Please pull up a seat, dear reader. The show has already started… We’re in the third act. The title of the show? The Downfall Of OPEC. Catchy name, eh? From our perch, here in the balcony seats of North America, the show has been fantastic. Kudos to the cast and crew! Bravo to the playwright! The show…
In space, no one can hear you scream… unless you happen to be Venezuela’s (soon to be former) leader Nicolas Maduro, who has been doing a lot of screaming this morning following news that UAE’s Energy Minister Suhail Al-Mazrouei said OPEC will stand by its decision not to cut crude output “even if oil prices fall as low…
by Michael Clark I have been speculating that China will join the currency war again, and in an even bigger way, the currency war that Japan is currently leading and threatening to win in a walk unless China gets serious about ‘getting competitive.’ China lowered interest rates last week; and this spurred heavy buying in…
Believe it or not, Citigroup (C) announced on Friday that it would move its headquarters from New York to the actual U.S. Capitol Building, in Washington, D.C., in early 2015. Yes! You read this correctly. Citi outbid JP Morgan (JPM) and Goldman Sachs (GS) to lease thirty thousand square feet of prime real estate on…
Pretend, for a minute, that you’re a money manager in today’s manipulated world. You understand that most of what’s happening is the result of governments and central banks forcing down interest rates and pumping up asset prices. You don’t trust this process but since “the markets are recovering” you’ve felt compelled to play along, putting…
Last week I penned that the BLS Jobs Situation Was Strong in November 2014 for the Establishment Portion But the Household Portion Shows Almost No Jobs Growth. The establishment portion showed job gains of 321,000 whilst the household portion showed job gains of 4,000. One question is whether this real discrepancy throws some cold water on the…
After years of exposing, month after month, the truth about the U.S. labor market – its conversion into a part-time (in 2010!), low-paying job market where Millennials refuse to work (as the job market reality is gruesome so instead they opt to load up on record amount of student loans) and where older Americans, instead of enjoying retirement are…
