Financial institutions and companies make sure they’re funded over the year-end. This has become known as the “balance sheet effect”. I’m pointing out the salient points of the article Dollar Hoarding Is a Year-End Risk for Markets from bloomberg.com. The hoarding of dollars puts a squeeze on demand for the greenback. This can have aContinue reading “the balance sheet effect”
Monthly Archives: November 2017
economic, social, and political items
I came across an interesting article on Seeking Alpha which takes a new, and in-depth view of our economy. The “economy” is segregated into two economies, the top 40 percent and the bottom 60 percent. This is quite a concept and I liked it. The article tells us to stop looking at average statistics. It’sContinue reading “economic, social, and political items”
tax bill talks slam stocks
Washington made its way to Wall Street today. The Senate and House have been deliberating the tax bill. Here’s a couple of points that came from the Senate: The corporate tax rate is to be delayed 1 year but permanently set at 20% in 2019. 7 tax brackets, with the highest at 38.5%. The House:Continue reading “tax bill talks slam stocks”
jobs report
The monthly jobs report was released today (11.03.17) and it was good news. It was the largest rise in non-farm payrolls since July 2016. The October non-farm payroll number rose by 261,000 versus +18,000 for September. The unemployment rate is reported to be 4.1%, estimated at 4.2%. Average hourly earning were flat for October. TheContinue reading “jobs report”
new tax plan
House GOP leadership unveils the new tax bill. Here’s some highlights of the bill: 20% corporate tax rate will be permanent Child tax credit goes to $1600 from $1000 Phases out the estate tax in 6 years Property tax deduction up to $10,000 A cap on the mortgage interest deduction at $500,000 for a newlyContinue reading “new tax plan”
envision lays an egg
It was a tough October for Envision EVHC, the healthcare company based in Nashville, Tennessee. The company is less than a year old and has certainly had its problems. Envision is being sued by several investors in a class-action lawsuit. Envision has been questioned on their billing practices, particularly when it comes to emergency roomContinue reading “envision lays an egg”