04 May 2013
I thought this chart summed up well the human psychology of a financial bubble: Bob Fraser | Director & Founder of Joseph International Robert Fraser founded an e-commerce provider for business customers, including Xerox, Chase Manhattan Bank, and Samsung. He raised $44 million in investment capital and guided the company to an [...]
Posted in Fraser's Daily Find, Market Insight0 Comments
04 May 2013
I have repeatedly pointed out that higher tax rates decrease tax revenues and slow the economy. Here are some more charts: US corporate tax rates are among the highest in the world: And US corporate profits are also strong (red line); we would therefore expect corporations to be contributing strongly to US tax revenues. [...]
Posted in Fraser's Daily Find, Market Insight0 Comments
04 May 2013
Newly elected Prime Minister Shinzo Abe ran his election campaign on a platform that emphasized ending Japan’s 20-year economic malaise by having the Central Bank of Japan, (BOJ) print money. Last month he replaced the BOJ chief with his own man Haruhiko Kuroda, and together they just announced their economic plan. It was a doozy. [...]
Posted in Fraser's Daily Find, Market Insight0 Comments
04 May 2013
US Corporate earnings growth has been quite weak: 2013 and 2014 earnings estimates, the amount of money analysts expect US companies to make, continues to drop: In the past, this tends to show market turning points: The stock market has shrugged off mediocre US corporate earnings and weak US economic numbers, [...]
Posted in Fraser's Daily Find, Market Insight1 Comment
04 May 2013
Meanwhile the US economy continues to muddle along, weak but positive. This is the Chicago PMI, which is predictive of GDP. It printed at 52.2, just above the 50 level (50 indicates zero growth): GDP growth continues to be anemic but positive: Positive “surprises” in the economic data have stalled: Initial jobless [...]
Posted in Fraser's Daily Find, Market Insight0 Comments
04 May 2013
Here are some European economic charts that basically show more of the same – deep contraction in the south, moderate strength in the North: GDP is contracting, unemployment is rising, and manufacturing is slowing. Germany is the somewhat stronger. *ARTICLE ORIGINALLY POSTED IN APRIL 2013 NEWSLETTER [...]
Posted in Fraser's Daily Find, Market Insight0 Comments
03 May 2013
Why Cyprus is a Global Game-Changer Last month, the European “troika” agreed to bail out the overextended banks in the tiny Mediterranean island-nation of Cyprus. The banks had made loans equal to nearly 8 times the size of the nation’s economy. As the local real estate market dropped, and the banks’ investment in Greek government [...]
Posted in Fraser's Daily Find, Market Insight, News & Updates1 Comment
18 April 2013
Friday and Monday gold endured a brutal selloff, dropping $200 in two days. It has caused a lot of questions and angst amongst gold investors. First, I have always encouraged investors never to place “the big bet” — putting all their money in one investment — especially gold and silver. While gold has silver have been [...]
Posted in Fraser's Daily Find0 Comments
20 March 2013
The Potsdam Institute for Climate Impact Research released a recent report studying climate extremes. They constructed a weather extremes index which includes data on temperatures, daily precipitation, and the Palmer Drought Index. They discovered that 2012 broke the last record set in 1934, the peak of the “dust bowl:” We may be looking [...]
Posted in Fraser's Daily Find, Market Insight0 Comments
19 March 2013
China and the US are the world’s economic growth engines today. The US economy is still growing, but at a slower pace, while Europe is still contracting: Last month I wrote that China finally appeared to be emerging from its contraction, but that it could be overstated due to seasonal adjustments. The latest numbers [...]
Posted in Fraser's Daily Find, Market Insight0 Comments
© 2013 Joseph International. Powered by Wordpress.
