Archive for March 20th, 2017

Markets and business leaders are giddy with optimism, but there are five potential trouble spots where the animal spirits may be running too high, writes Peter Morici.

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Former Dean Foods Co. Chairman Tom C. Davis liked to live on the edge, according to his predecessor — in one case allegedly dropping $150,000 on a hand of blackjack.

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There is no market sector that has been as embraced as heartily as financials
But, the domestic economy is slowing, the Trump regulatory and fiscal policy put may be waning, the yield curve is flattening, interest rates are contained, protectionism is rising around the world and bank valuations are back to pre-crisis levels. Sell financial stocks.
“Skepticism is the chastity of the intellect; do not surrender it lightly.”
–Richard Fisher’s mother (Richard is the former president of the Federal Reserve Bank of Dallas)
Group stink has never been more conspicuous…

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Todays regulators must react to fast-paced technological change like ridesharing services offered by Uber and Lyft. These regulators are making decisions that will likely have a big impact on the pace and direction of innovation. If they are not careful, their policy interventions could hurt both the economy and consumers.
For example, earlier this month, Uber lost a court battle in the UK that would require London cabbies to pass an English test. Lawyers for Uber argued the language requirement would cause 33,000 existing drivers to lose their livelihoods, and that the rule is excessive….

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A California-based fashion retailer filed a class-action lawsuit against Ivanka Trump's brand accusing it of having a trump card that gives it an unfair advantage among competitors - her father.

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With Janet Yellen expected to depart after her first term, interviewers frequently ask me whom I would choose as her replacement as Chairman of the Federal Reserve. My answer is always the same: David Malpass.
While the Federal Reserve presently serves no useful purpose such that its shuttering would affect a tiny percentage of the U.S. whole, the reality is that it still exists. And its going to exist for a long time.
The Fed will always be with us simply because politicians will never abolish what is a convenient whipping boy every time the U.S. economy slows. Even though the…

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The Trump rally is just the latest leg in a wild 8-year-old explosion higher, but the retail crowd is still not impressed.

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With incomes and expenses so unpredictable these days, a surprise bill can wipe out a family's financial stability

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How much money to retire in Mexico? A comfortable life there can be remarkably affordable. Here's what you can expect to pay.

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William A. Ackman was on his way to being a legend of Wall Street — until one of his biggest wagers went very wrong.

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A video recorder in a Colorado laundromat is just one of hundreds of thousands of connected devices that host malicious software. Often left without adequate protections, these devices are drafted into ‘botnets’ that are constantly attacking the internet.

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If you are nearing retirement, overestimating your return potential can mean you don't get to the finish line when you want, or with all you need.

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William A. Ackman was on his way to being a legend of Wall Street — until one of his biggest wagers went very wrong.

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A video recorder in a Colorado laundromat is just one of hundreds of thousands of connected devices that host malicious software. Often left without adequate protections, these devices are drafted into ‘botnets’ that are constantly attacking the internet.

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If you are nearing retirement, overestimating your return potential can mean you don't get to the finish line when you want, or with all you need.

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