I recall the Barron’s round table discussion in the January 2008 issue where the majority of panelists were very optimistic on the outlook for 2008 earnings as the Great Recession was digging in. What investors need to understand is that Wall Street is always painting
President Trump likes to take credit for the great performance of the stock market since his election. When we look under the hood at what is leading the markets higher, it’s clear that the average stocks is not nearly doing as well as the few
You no doubt have heard in recent weeks that the US Federal Reserve has shifted their bias from raising rates to cutting rates—perhaps aggressively as early as next week. How fragile is the global economy if the Fed needs to consider cutting rates while the
As a global relative value or growth at a reasonable price investor, I’m always looking around the world for the best potential returns adjusted for risk. One of the formulas I use for calculating return relative to risks consists of 3 parts. Capital Gain\Loss potential
Most financial pundits focus only on the income statement and not the balance sheet. The income statement can be bolstered by financial engineering. In the past 15+ years since we entered the ultra low rate interest rate environment, adding debt to corporate balance sheets to
FP Canada (formerly the Financial Planning Standards Council FPSC) has come out with their new long-term assumptions for financial planners. For most people, having an independent financial plan completed that is free of sales pressures should be essential. For those capable of doing their own
One of my favourite TV personalities is Fareed Zakaria, host of GPS on CNN. In recent weeks he has taken on central banks and the bankers that “fixed” the world. Here’s why I think that while we are not out of bullets, the economy has
There is a bullish impact on supply and demand and there is a bearish one as it pertains to economic output (read growth or incomes). The kind of increase we have seen over the weekend as US policy move to curb Iranian supply is cost
The public discourse around the fact that the coffers are bare needs to happen. I’ve been saying here on Berman’s Call and in my presentations for the past decade the “unfunded liability” of the promises is a dire problem that will bankrupt governments. I now
In 1977, Congress amended the Federal Reserve Act, directing the Board of Governors of the Federal Reserve System and the Federal Open Market Committee to “maintain long run growth of the monetary and credit aggregates commensurate with the economy’s long run potential to increase production,