Archive for October 4th, 2017

In the film The Sound of Music (1965), one of the characters, Max Detweiler, declares, I like rich people. I like the way they live. I like the way I live when Im with them.
I get it. Indeed, many people do. But theres a heck of a lot more to rich people than fast cars, big houses, nice food, and yachts. From an economists perspective, there are three key reasons why rich people rock.
First, in a free market system, theres really only one way to legitimately earn considerable wealth, and thats by supplying goods or services that other people want or need. In another…

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“At this time 85 years ago, Yale economist Irving Fisher was jubilant. “Stock prices have reached what looks like a permanently high plateau,” he rejoiced in the pages of The New York Times. That dry pronunciation would go on to be one of his most frequently quoted predictions — but only because history would record his declaration as one of the wrongest market readings of all time.”–Time Magazine, “The Worst Stock Tip In History”
In Jim “El Capitan” Cramer’s opening missive today he analytically addresses the active vs. passive conflict, which helps explain the market’s steady bullish…

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Puerto Rico faces a government shutdown on Oct. 31, including halting its hurricane recovery, if Congress doesn’t provide billions in emergency funds, said Treasury Secretary Raul Maldonado.

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The current fight in the U.S solar industry over the International Trade Commission finding of injury to domestic panel producers from imports demonstrates that protectionism does not just hurt the ultimate consumers for whom a product is made. It hurts everyone who adds value along the chain, including domestic businesses and their employees.
Ignoring the arguments of the vast majority of players in the industry, including some manufacturers, the ITC last month ruled on behalf of two companies that brought action against China-based solar panel producers. The ruling set the stage for…

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European Union regulators sent a warning to any company using fees on intellectual property rights to shift profits away from the taxman — slapping Amazon.com Inc. with a 250 million-euro ($294 million) bill and giving Luxembourg another rap on the knuckles.

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Jeff Reeves talks markets and trends with Meb Faber.

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PSA Group, the French maker of Peugeot, Citroen and DS autos, is introducing its Free2Move ride-sharing app in Seattle, beginning an incremental push to re-enter the U.S. that could eventually culminate in PSA importing cars to the country.

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Whether Donald Trump follows through on announcing a new Federal Reserve chair in the coming weeks or not, traders across financial markets have already tipped their hands.

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GOP plans for a big tax overhaul hinge on how far the White House and Congress are willing to go in reining in popular tax breaks, sometimes known as the sacred cows of the tax code. WSJ’s Richard Rubin explains…with real cows.

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The CNBC All-America Economic Survey found 43 percent of the public believes the economy is excellent or good, a record high for the survey.

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Ford Motor will slash $14 billion in costs over a five-year period and invest heavily in electric cars as the company's new CEO aims to boost profits and position the company for the future.

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Equifax's outgoing CEO Richard Smith has blamed one employee for the massive data breach which exposed the personal information of close to 146 million Americans. 

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As baby boomers start to retire, the health-care industry must devise solutions that strive for affordability and ways to lower costs behind the scenes.

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401(k) plans are better when employees are automatically enrolled and contributions escalate.

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Want to make money in Hollywood? Sadly, the odds of becoming a movie star are about 1 in 1,190,000, according to the The Book of Odds.

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