When I first came to the United States as a 17-year old college freshman, I was invited to the home of my Caltech biology professor for Thanksgiving, along with many other foreign students who had nowhere else to go. I immediately fell in love with this holiday. First, it comes on a Thursday leading into a long…
An empty mortgage application form with house key getty “Regular” REITs typically buy physical properties, find someone to manage them, and lease them out. They collect rent checks and avoid paying taxes on most of these profits if they pay most of their earnings out as dividends (per the terms of their tax loophole, which…
Nowadays when helicopters fly over the land to distribute government largess, they seem to dump most of their load over Wall Street and not over Main Street. Milton Friedman in this analogy envisaged $1000 bills flung out of helicopters, hastily collected by the members of a community. Today, this money instead of fluttering in the…
A photo taken on November 21, 2021 shows a partly cordoned-off area at a Christmas market in … [+] Salzburg, Austria, one day ahead of a nationwide lockdown to curb the coronavirus (Covid-19) pandemic. – Austria will impose a lockdown for all and make vaccinations mandatory, Austria’s Chancellor Schallenberg announced on November 19, making the…
Getty Images Getty Images Key Takeaways: Walmart and Home Depot Announce Earnings U.S. Retail Sales Come in Hotter Than Expected Labor Shortages Continue Cause Companies Complications Retailers take their turn in the earnings spotlight with a few big retailers taking center stage. Additionally, a hotter than expected U.S. Retail Sales report was released by the…
FRED: Personal Consumption Expenditures Invictus, Mauldin The major market moving event last week (ended November 13) was Wednesday’s CPI release showing a three-decade high level of inflation (6.2% Y/Y; 0.9% M/M). The data surprised to the upside, especially after Tuesday’s rather benign PPI release. The core metric, which excludes food and energy, increased by 0.4% M/M and…
Getty Images Getty Images Key Takeaways: CPI Report Prompts Concern that the Fed Will Raise Rates Sooner The EV Market Welcomes Another Competitor Commodity Super Cycle Could Change Scope of Equity Markets First things first, I want to start with a Thank You and a Happy Veteran’s Day to all who served. Equity index…
As I wrote about last month, my wife and I have been on an Avengers binge. My young son recently convinced us to watch “Thor”, and we are on the third edition of that goofy and arrogant hero’s antics. In this one, for those who don’t remember, Thor’s older sister Hela returns and amongst other…
Small Cap write on sticky notes isolated on Office Desk. Stock market concept getty It was a trading range to tell your grandchildren about. The thing went on for months and months, the type of up a little, down a little action that drives even the best bred machine-learning algorithms up the wall, not to…
Mayor of Boston, Kevin White, points to a chart showing inflation costs, Boston, Massachusetts, 25th … [+] September 1978. (Photo by Barbara Alper/Getty Images) Getty Images As expected last week, the Federal Reserve (Fed) announced the beginning of tapering, reducing asset purchases. The markets took the news in stride since it was well signaled. The…