A deeper dive into Apple’s quarterly earnings report
It was a good quarter from Apple. But earnings growth was flattered by stock buybacks. There are a lot of growth opportunities though.
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Labelling US monetary policy tight, the weak link in Apple’s earnings and Koch vs Trump
There are five big topics in today's daily newsletter: the FOMC meeting, Apple's earnings, stock buybacks, student debt, and the political fight between the Koch brothers and Donald Trump
Open question: why is the Trump Administration “bashing Canada”?
I've been hearing from multiple sources that the Canadians are unloved by Trump's trade negotiation team. This Bloomberg clip gets at the heart of the reports, with the Bloomberg reporter saying that US trade representatives are "bashing…
Evidence of market expectations for a Fed rate hike pause or reversal in 2019 or 2020
The way to think of a flattening yield curve is as a signal that the market expects Fed tightening to precipitate a slowdown that halts or even reverses future hikes. It's the market's way of saying they expect the Fed to tighten and then…
The Mercatus Center on Sanders’ Medicare for All Plan
It looks like a shift in who spends the money but an overall reduction in how much gets spent on healthcare.
Trump owns the economy as the Fed prepares for two more hikes, companies passing on tariffs to…
Today's daily includes stories on the global economy, inflation, monetary policy and trade.
More on the campaign in the UK to hold a second Brexit referendum
A recent Sky News poll shows a majority of Britons now in favour of a second Brexit referendum.
The collapse of a major private equity group and echoes of Dubai World
When I heard about what happened to the private equity company Abraaj Group, based in Dubai, I immediately thought back to Dubai World nine years ago.
Inequality and political control of the rich, Trump unchained, and Canada’s opportunity
Today's daily post ismore on the political economy side. Top items include inequality and political control and Trump's negotiations with Canada.
Juncker contradicts Trump administration on agriculture
Jean-Claude Juncker told German media outlet ARD that the EU was not working on an agricultural deal with the US involving soybeans and beef. This contradicts messaging from the White House.