31–40 of 76 posts
Earlier quoted context omitted.
Advertisement is a cancer. It is time we forbid it instead of making it fund every website in existence.
All you have to do is pay ALL the websites you visit and it'll go away...
Force banks to accept micro-payments (In 2019, for God's sake! That's not rocket science! That's a database transaction!) and I'd be fine with it.
A lot of our clients work in investment banks. There’s been a long (since the election) and growing narrative that the market will correct any second now... any second. Meanwhile the market has gone up up up. Part of that, I believe, is because most of these trading desks sit in one place - NYC, a super liberal anti trump environment - so it’s hard not to buy into the narrative and go risk off which means you would h…
We are back in a market manipulated by central banks. I call it “junkie mode”, you can tell because when there is bad economic news the market goes up, as it expects central banks to pour more liquidity/lower rates, lifting asset prices, like a junkie waiting for its fix. A healthy market goes down on bad economic news. I think you shouldn’t forget December last year, which was a pretty clear warning shot. The last 6…
By market, I assume you mostly mean assets and particularly equities. All of the Fed's moves so far have /arguably/ been against the equities markets.
Considering that, it is quite strange that every time there is "bad" news, the market rallies. But that's probably just a symptom of the very bullish market we've been in. The market usually rallies on "good" news as well...
Earlier quoted context omitted.
We are back in a market manipulated by central banks. I call it “junkie mode”, you can tell because when there is bad economic news the market goes up, as it expects central banks to pour more liquidity/lower rates, lifting asset prices, like a junkie waiting for its fix. A healthy market goes down on bad economic news. I think you shouldn’t forget December last year, which was a pretty clear warning shot. The last 6…
Yeah, the market will act on its own when the news is both powerful enough and outside the market’s perception of the central bank’s expectations; i.e. the Fed is “stabilizing” which reduces competition and efficiency. Moreover, it’s inequitable. The economic instability is what allow upward mobility. The Fed’s stability goal equates to a goal of preserving entrenched wealth from competitive pressures.
'Reduces competition and efficiency' is a phrase that really suffers because it doesn't capture the scale of the problem. For markets to rise on bad news indicates that the entire economic signalling apparatus is being disabled.
The people who think that disabling economic signals is a good idea are actually dangerous. Real wealth cannot be created by optimism and hope. Economies are supposed to purge themselves of idiot capitalists who can't create new wealth.
A lot of our clients work in investment banks. There’s been a long (since the election) and growing narrative that the market will correct any second now... any second. Meanwhile the market has gone up up up. Part of that, I believe, is because most of these trading desks sit in one place - NYC, a super liberal anti trump environment - so it’s hard not to buy into the narrative and go risk off which means you would h…
That’s ludicrous. If you know anything about the politics and culture of the NYC finance crowd you know it’s super pro-Trump through and through.
He is — literally — one of them.
Off-topic discussion below. This is the most vile dark pattern I have seen in recent times. On loading this page, there is an auto-playing, muted video. When you press its pause button, it is unmuted and keeps playing. Only when you press the pause button AGAIN does it actually stop playing. At some point when implementing that feature someone said "Sure, I'm OK with that". What went wrong there?
Earlier quoted context omitted.
I don’t pretend to believe I can predict the market... I suspect flight to quality is playing a role. If America is in a precarious situation, how would we position Europe (brexit, macro trade immigration), the Middle East (Iran, war), South America (Venezuela melt down) and Asia (trade war, militarization)? A lot of money is pouring into the US because it is relatively stable. Helps that US companies have favorable…
That's certainly part of it, but I think share buybacks are another major reason for the disproportionate rise of US markets. US corporations have bought more of their own shares than anyone else in recent years (Unfortunately I can't find the data right now). It explains a huge chunk of EPS growth. Of course that wouldn't have been possible if corporate balance sheets hadn't been better in the US than elsewhere (esp…
Share buybacks are just a more efficient way of returning profits back to investors than dividends [0].
> Why can't corporations find anything better to do with that money? Why is capital spending relatively muted while productivity growth has been subdued for years
Most companies are demand limited which limits their investment opportunities. Also, you want to move capital where it can get the highest return. If a companies best investment opportunity gives a return of a measly 2% a year when the market is doing 7%, than you should not do it and instead return that money to investors so they can divert their investments to companies with higher returns.
[0]: https://en.wikipedia.org/wiki/Share_repurchase#Tax-efficient...
A lot of our clients work in investment banks. There’s been a long (since the election) and growing narrative that the market will correct any second now... any second. Meanwhile the market has gone up up up. Part of that, I believe, is because most of these trading desks sit in one place - NYC, a super liberal anti trump environment - so it’s hard not to buy into the narrative and go risk off which means you would h…
>I believe, is because most of these trading desks sit in one place - NYC, a super liberal anti trump environment That’s ludicrous. If you know anything about the politics and culture of the NYC finance crowd you know it’s super pro-Trump through and through. He is — literally — one of them.
Off-topic discussion below. This is the most vile dark pattern I have seen in recent times. On loading this page, there is an auto-playing, muted video. When you press its pause button, it is unmuted and keeps playing. Only when you press the pause button AGAIN does it actually stop playing. At some point when implementing that feature someone said "Sure, I'm OK with that". What went wrong there?
With NoScript blocking the javascript, there is no auto-playing video at all.
A lot of our clients work in investment banks. There’s been a long (since the election) and growing narrative that the market will correct any second now... any second. Meanwhile the market has gone up up up. Part of that, I believe, is because most of these trading desks sit in one place - NYC, a super liberal anti trump environment - so it’s hard not to buy into the narrative and go risk off which means you would h…
>I believe, is because most of these trading desks sit in one place - NYC, a super liberal anti trump environment That’s ludicrous. If you know anything about the politics and culture of the NYC finance crowd you know it’s super pro-Trump through and through. He is — literally — one of them.
“Employees of the 17 largest bank holding companies and their subsidiaries have been sending her $10 for every $1 they contributed to Trump, according to a Reuters analysis.”
http://money.com/money/4554617/hillary-clinton-wall-street-b...