Finance

US Debt Mountain Tops 18,000 Billion

Black Friday was not only the perfect day for bargain hunting, but it was also the day that the US government debt mountain topped 18,000 billion dollars. In one single day, 32 billion dollars of debt was added to the pile. These are ridiculous numbers, but they are real. Expressed in percentage of GDP, the…

Bull Of The Day: Motorcar Parts Of America

Motorcar Parts (MPAA – Snapshot Report), reported their sixth consecutive positive earnings surprise in mid-November.  The main driver behind the earnings growth was new business wins for their wheel hub and brake master cylinder business.   This Zacks Rank #1 (Strong Buy) company is a leading manufacturer of replacement alternators and starters for imported and domestic cars and…

Keeping Investors Scared Witless

Investors, as usual, are bombarded with reasons to sell stocks. This means that they are Scared Witless (TM OldProf).  Let’s take a deeper look. Short-Term Advice There has been (yet another) sighting of the Hindenburg Omen. I pointed out the flaws of this approach in 2010. Those seeking a higher authority might check out Barry Ritholtz: Hindenburg…

Amid The Noise

Amidst the din of every pitch man with an opinion on the markets (and these days everybody’s a genius with an opinion) the big picture barometer to global economic contraction moves forward. ‘Yeh but…’ say the pitch men, ‘the USA is fine.  You yourself have taken heat for calling the economy strong.  What’s your fancy macro chart…

Reducing The Cost Of Doing Business In India: One Example (ADR/GD

by Pratik Datta and Ajay Shah, ajay shah blog Last week, the Ministry of Finance notified the Depository Receipts Scheme, 2014 (‘2014 Scheme’). This replaces the 1993 Scheme with respect to depository receipts. The key materials on this subject are: The Sahoo Committee Report, which provided the intellectual framework, and drafted the 2014 Scheme. An article about this…

E EC

In Measuring Equity Performance Picking a Reference Point is Crucial The price performance of the DJII over the past five and a half years has been stellar. By comparison the performance of the economy has been has been dismal. From this arises worry among many commentators that the price of the DJII cannot continue to…