by Cliff Jarvis | Dec 20, 2017 | Investment Strategies
In our previous post, we explored the high-level art versus science debate that is occurring in the finance community and how it impacts equity valuations. This post delves into some of the issues as they relate to bonds and fixed income. Although the bond markets...
by Cliff Jarvis | Dec 20, 2017 | Investment Strategies
In our previous post, we explored the high-level art versus science debate that is occurring in the finance community. This post delves into some of the issues as they relate to equities. The Science Argument: Valuation. There is a camp of investment managers who...
by Cliff Jarvis | Sep 21, 2017 | Economy
I thought I would do a review of recent earnings of the S&P 500. Recall that earnings* for the 500 largest U.S. companies, the S&P 500, are reported in two ways. The first is GAAP (Generally Accepted Accounting Principles) earnings. This number is the one...
by Cliff Jarvis | Apr 12, 2017 | Economy
Final 4th quarter GDP came in at 2.1% leaving the 2016 growth rate at 1.6%. The Atlanta District of the Federal Reserve is predicting less than 1% growth for the 1st quarter of 2017. That is not good. Despite this, the Board of Governors of the Federal Reserve in...
by Cliff Jarvis | Oct 26, 2016 | Politics & the Economy
“……the bad-loan problem is mainly due to a 25 percent plunge in industrial output in the six years through 2014. Italy’s GDP remains about 8 percent below its pre-crisis peak reached in 2007.” (link) Back in 2012 and 2013, I wrote that the European common currency,...
