Washington-Area Snow May Affect Release of U.S. Jobs, Trade Data
published Jan 5th 2017, 2:23 pm, by Shobhana Chandra (Bloomberg) —Forecasts of snow in the Washington area late Thursday into Friday morning raise the possibility of a delayed opening for government agencies that release the U.S. jobs report and trade data. That means the figures could be issued via the
Oil Rises as Saudi Arabia Said to Comply With OPEC Output Cuts
published Jan 5th 2017, 2:56 pm, by Mark Shenk (Bloomberg) —Oil rose as Saudi Arabia was said to meet its pledged output cut this month and U.S. stockpiles fell the most in almost four months. The kingdom is going for full compliance with OPEC cuts so other countries do the
Devotional 1/4: Thomas Jefferson Leads Us Into the New Year
We have made it into our 3rd year and therefore we want to talk about the Judeo-Christian values of our third president, Mr. Thomas Jefferson. Now I know that Mr. Jefferson is the founding father that all atheists and agnostics love to tout as an example of a person that
Dollar Advances to 14-Year High as U.S. Data Spur Confidence
published Jan 3rd 2017, 2:55 pm, by Lananh Nguyen (Bloomberg) —The dollar surged to a 14-year high as stronger data in the world’s largest economy boosted the appeal of bullish bets to start the new year. The greenback climbed, and later pared gains, after a report showed American manufacturing expanded
The Big Problem With 401(k)s We Refuse to Solve: Megan McArdle
published Jan 3rd 2017, 3:19 pm, by Megan McArdle (Bloomberg View) —Was the 401(k) a tragic mistake? When you use one of those online calculators to estimate your expected income in retirement, it can sure seem so. Investment returns have proven variable, and individuals are often prone to making idiotic
Don’t Count Out Seasonal Patterns to Predict Rates: David Ader
published Jan 3rd 2017, 5:00 pm, by David Ader (Bloomberg View) —Bond strategists use many tools in attempting to forecast the path of interest rates, ranging from straightforward data analysis, to parsing the statements of Federal Reserve officials, to looking for trading patterns. The challenge lay in weighting these methods
He’s a Debt-Laden Property Mogul. Meet China’s Own Trump: Gadfly
published Jan 2nd 2017, 4:00 pm, by Christopher Langner (Bloomberg Gadfly) — Hui Ka Yan may not realize it, but he has a lot in common with Donald Trump. Like the president-elect, the founder and chairman of China Evergrande Group, the country’s largest developer by assets, traces his fortune to
Israeli Investigators Question Netanyahu Over Graft Suspicions
published Jan 2nd 2017, 4:31 pm, by David Wainer and Jonathan Ferziger (Bloomberg) — Israel’s Prime Minister Benjamin Netanyahu was questioned Monday night by police for about three hours at his residence in Jerusalem over long-running allegations of receiving graft. The team of investigators questioned the 67-year-old Israeli leader “under
U.S. Intelligence Got the Wrong Cyber Bear: Leonid bershidsky
published Jan 2nd 2017, 10:58 am, by Leonid Bershidsky (Bloomberg View) —The “Russian hacking” story in the U.S. has gone too far. That it’s not based on any solid public evidence, and that reports of it are often so overblown as to miss the mark, is only a problem to
No Expiration Date on S&P 500 Bull Run Hurtling Into Ninth Year
published Dec 29th 2016, 4:30 am, by Lu Wang (Bloomberg) —Valuation, history shows, is an awful tool for market timing. Equity cycles persist, and selling just because price-earnings ratios are high has repeatedly proven a mistake. But what if the persistence starts pushing up against history? Consider the S&P 500