On the Street

Tariffs will not affect 59% of Small Businesses

The stock market is tumbling and investors fear for their assets. Large firms are calculating the potential deleterious results of a tariff war on their bottom line. However, a recent Bank of America (BOA) survey showed that 59% of small business owners will not feel any effects from a tariff war. According to Bank of America’s Spring 2019 Small Business Owner ...

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What We are Watching in the Market

After hitting a new all-time high on May 3, the S&P 500 and most of the rest of the market have been hit with tremendous selling pressure. As another round of negotiations was scheduled to take place last Thursday and Friday, President Trump tweeted his intentions to implement new tariffs on Chinese goods. This caught investors off guard, and we ...

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The Big Short of the 2008 Housing Bubble may be back

Don’t worry if you didn’t read Michael Lewis’s book, The Big Short, or even if you missed the cinematic version, you will get a chance to experience it again in another form. As I’ve I said many times before, history repeats itself, and you are doomed if you don’t know history. While on the subject, let’s take a brief stroll ...

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Live Sports at the Crux of the Demise of Cable TV

I did it myself a couple of months ago, and I often wonder what took me so long. Yes, I am talking about cutting the cord of cable TV. I have joined the masses switching to streaming networks like Roku, Hulu, YouTube, et al. And the biggest reason; live sports. When I was a Comcast cable user, I realized that ...

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Generation Z could hold the Future for the Auto Industry

The resurgence of millennials to urban areas has caused concern in recent years for the automobile industry. As anyone who has lived in a large city as a youth, they will likely tell you that a car is a liability. Payments, insurance, tickets, parking, yadda, yadda. I have a 27 year old daughter who lives in Georgetown in D.C., and ...

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How the Financial System Handles Money Laundering

The first thought to hit my mind when I think of money laundering or “dirty money,” is the scene from the 1983 drama Scarface, where sacks of cash were brought through the front door of a quote-unquote, reputable bank, by known drug dealers, who ostensibly pass as legitimate businessmen. It may or may not be the wild “cocaine cowboy” days ...

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Healthcare Stocks Getting Pummeled, But Why?

Healthcare sector stocks have been under tremendous selling pressure over the last few weeks, and there are questions as to why. Is it political with all the talk of “Medicare for all” and President Trump making statements about bringing down drug prices? Is it simply a matter of sector rotation? Could it be profit taking ahead of upcoming earnings reports? ...

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The Ugly side of Minimum Wage Hikes

It was just a matter of time until the sludge of the incompetent do-gooders dripped back to their various states. You know who I’m talking about. Massachusetts, New York, California, Mexico. My bad, sovereign Mexico is not a state, yet, albeit their wandering citizens too may benefit from the nastier side of minimum wage rate hikes. And what exactly do ...

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Another Example of Academia wasting your Tax Payer Dollars

This won’t be the first time or the last that the so-called ivory tower academics attempt to push their agenda, whatever it may be, or whoever may be funding it, on the public. You may remember some of the stellar research that has been presented in the past, paid for by you and a highly interested company. Just missing the ...

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