Archive for July 12th, 2017

The slow demise of traditional retail has been well documented. But a similar shift in consumer habits is now hurting another industry: Drink and snack companies.

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Those who complain about jobs lost to offshoring generally dont consider that the purpose of working is to consume. Offshoring production to other jurisdictions helps us to make the goods and services we use as efficiently as possible, by casting the widest possible net for the most economic way to fulfill each stage of production. The alternative to offshoring is to pursue autarky and build a closed economy. How well has that worked out?
Not very well, as the experience of the old German Democratic Republic demonstrates. The division of Germany after World War II offered a virtual…

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During a 2005 visit with Andy Kessler, the investor, writer and speaker extraordinaire imparted some wisdom to me thats never been forgotten: the second best answer in the world is no. As Kessler explained it, no brings with it certainty that frees those rejected to move on in productive fashion.
Kesslers thinking came to mind while reading investor, futurist and political economist Russell Redenbaughs memoir and motivational book, Shift the Narrative. Redenbaugh has long embraced the finality of lifes seemingly cruelest verdicts, only to ascend to greater and…

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Mayor says controversial levy on wealthier residents will foster economic fairness, but some experts warn of adverse impact

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US measures of core inflation fell from February through May. The US reports June CPI at the end of the week. There is a reasonable chance that the core rate stabilizes. However, the movement away from the target has spurred expressions of caution from numerous Fed officials, even though the minutes of the June FOMC meeting showed that most officials recognized transitory factors weighed on prices.
A careful reading of Fed comments led us to conclude that a consensus on reducing the balance sheet was intact, though a consensus for another hike may prove more difficult until there…

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Over the past several years, even as the national fervor over startups has continued unabated, there has been a string of negative findings about the state of American entrepreneurship. The Economic Innovation Group, among others, chronicled a long-term decline in business creation as well as ever-increasing concentration in where businesses are being created. Only five metro areas, they found, accounted for half of the nation’s increase in new businesses between 2010 and 2014. Other researchers have found similar declines across several indicators of economic dynamism—fewer and fewer…

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<p>Researchers tried to run the numbers on Trump's ridiculously vague tax plan.</p>

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Visa Inc. has a new offer for small merchants: take thousands of dollars from the card giant to upgrade their payment technology. In return, the businesses must stop accepting cash.

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Long known for squeezing its vast network of suppliers, Wal-Mart Stores Inc. is about to step up the pressure. The focus this time is delivery scheduling, and the company’s not messing around. Two days late? That’ll earn you a fine. One day early? That’s a fine, too. Right on-time but goods aren’t packed properly? You guessed it — fined.

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Last year, Prime Day was Amazon's biggest sales day ever, setting the bar high for 2017.

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Markets currently assign just about a 50 percent chance that the Fed will approve another interest rate hike this year.

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Sears Holdings is now set to close more than 300 stores in 2017 as part of a desperate attempt to avoid bankruptcy.

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<p>Saving enough over a 40-year career to maintain your lifestyle in retirement is challenging. But there's a lot to be learned from the people who have managed to hit their savings goals well before that point, even if you haven't been bitten by the early retirement bug yourself.</p>

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Opportunities are being created
“Buy at the sound of cannons? If the overall market corrects, as I suspect it will over the next few months, the more traditional brick-and-mortar retail stocks likely will fall back into the bargain bin and could provide a profitable entry point … The disintermediation of old-line, bricks-and-mortar retailers provides longer-term opportunities for those who buy the right companies at reasonable prices.”
–Kass Diary, “How to Profit From Shifting Retail Distribution Channels,” January, 2017
The performance of retail stocks on Monday can be described in…

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An unknown cryptocurrency trader turned $55 million of paper wealth into $283 million in just over a month.

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