On the Street

Shutdown Adds to Uncertainty in Numerous Ways

The government shutdown in the United States is now at 25 days and we aren’t seeing any signs that it’s going to end any time soon. President Trump refuses to sign any bill that doesn’t provide funding for a wall along the southern border and Democrats refuse to go along with any bill that includes funding for such a wall. ...

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The Techno-Utopia of Bitcoin has failed for Now

It seems like a mere year ago around this time we were lauding the advent of the soon to be Bitcoin revolution, challenging all the financial precepts and eventually rising to the biblical status of the “One-World Currency.” In many ways the rise of Bitcoin invokes a spiritual experience for its believers that is deeper than the potential economic wealth ...

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Natural Gas Markets not for the Faint of Heart

A turbulent market known for its volatility has erupted again this week. The U.S. futures on natural gas measured in price per British thermal units operates on the Nymex commodities exchange, part of the CME Group. The operator of large derivative and futures exchanges took “emergency action” to maintain orderly trading in natural gas contracts as wild price swings gave ...

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The Economic Effects of Legalized Marijuana

Since the legalization of recreational marijuana in parts of the United States, scholars, economists, politicians et al. have weighed in on the economic impact of the plant. One would assume that the economic rationale has been examined in light of legalization from both a financial and social standpoint, albeit a difficult social measurement. The vast amount of scholarly work has ...

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Wall Street has a Trust Issue with President Trump

In poker, when a player has a habit that indicates that they are bluffing or another one that indicates they have a strong hand, it is called a tell. In criminal law when a criminal uses a certain method to commit the same crime over and over, they call it an M.O.—or modus operandi. Right now, Wall Street seems to ...

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The #MeToo movement set women back 10 years

It’s hard enough for women to compete in male-dominated industries, such as technology and finance, and now it is about to get even worse. The #MeToo revolution was an online movement led by alleged sexually assaulted women who exposed men for everything from looking at them too sensually to touching them in all the wrong places. Men were getting fired, ...

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Trump, Auto Unions not Happy with GM Downsizing

There are two sides to every coin. In this case, you find General Motors and Wall Street in general on one side, and President Trump and the unions on the other. Strange partnerships perhaps, but each will do what is in their best interests. Let’s begin by looking at what happened. General Motors said Monday it will cut up to ...

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Don’t Blame General Motors, They’re Being Responsible

General Motors announced on Tuesday that it would close seven factories and cut its workforce by 14,000 people. The announcement was met with criticism from President Trump, Senators Sherrod Brown and Rob Portman, and many others. Of the plants that are due to close, four are in the United States and one is in Canada. While politicians can criticize the ...

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