Archive for June 14th, 2017

The Federal Reserve's latest action will hurt or help your wallet — or both. It comes down to how you handle debts and savings now.

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In his endlessly interesting 1982 book China: Alive in the Bitter Sea, Fox Butterfield described a tragically backwards country. So primitive were even the relatively well-to-do cities like Peking that when lightbulbs went out, citizens had to take them to a central authority at which a functionary would check the bulbs serial number, then hand the subject one that worked. As for economic growth, there wasnt much of an economy to speak of despite false GDP statistics that indicated activity where there wasnt.
Interesting about all this is that by the time Butterfields book was…

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The Trump administration is determined to renegotiate the North American Free Trade Agreement (NAFTA) which created a single market from Mexico’s southern border to the Yukon but the main political appeal of this policy rests on a popular myth: that “fair” trade requires the United States to have a surplus or balanced trade with both Mexico and Canada.
We are supposed to feel especially aggrieved that Mexico regularly has a sizable surplus with us, $63.2 billion in goods in 2016, according to Commerce Department figures. This shows, as the president repeatedly has said, that U.S….

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“Let’s consider that statement. In the last 20 years the VIX closed lower than 10 on a total of 11 days, and 7 of those days were in the past month. Think about that - over the past 2 decades, was the last month the most benign macro environment? (e.g. last week: Comey testimony, UK elections, ECB, geopolitical uncertainty, Qatar, FANG flash crash, etc.).”
– Marko Kalonovic, JPMorgan’s head quant
I vividly remember episode 40 of Twilight Zone entitled “A Thing About Machines.” (Here is a clip of the episode)
Originally aired on Oct. 28, 1960, it’s the story of a repairman who pays a house…

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<p>Federal Reserve officials forged ahead with an interest rate increase and additional plans to tighten monetary policy despite growing concerns over weak inflation.</p>

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<p>The Fed is expected to increase borrowing costs later today, but the signs of moderate consumer spending and retreating inflation pressures could worry policymakers who have previously viewed the softness as transitory.</p>

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Few investors read corporate disclosures because they are boring and rarely change. But a strategy based on changes in the documents beats the market by 22 percentage points a year.

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After months of escalating scandals, Uber is pledging to remake itself. Only customers like you can hold it accountable.

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<p>U.S. equities kicked off Wednesday trading slightly higher as investors braced themselves for the latest monetary policy announcement from the Federal Reserve.</p>

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Soft U.S. inflation data has raised uncertainty among investors about the Federal Reserve’s policy plans for the rest of the year. Fed Chair Janet Yellen and her colleagues have an opportunity this week to clarify the outlook.

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Call it the biggest bovine airlift in history.

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A rising number of American billionaires are channeling their inner Bear Grylls, and some are doing it in preparation for an apocalyptic event — be it viral epidemic, nuclear war, or…

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More people than you might think have absolutely nothing put away.

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A leading global energy market academic warns crude prices could sink back to $30 a barrel if OPEC fails to make additional cuts to production.

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