As a dog lover, I really enjoyed Dave Barry’s essay today in the Wall Street Journal about learning to be more open like his dog. From the linked article:

I turned 70 in the same year that my dog, Lucy, turned 10—or, in dog years, 70. So we’re basically at the same stage of life, namely, Getting Old.

Lucy is handling it a lot better than I am.

I’m not complaining: I’ve had a good life, and I’m content. But Lucy is more than content: She’s happy, often exuberantly happy, constantly finding excitement and joy in everyday events. It occurred to me that maybe I could learn some life lessons from her—that I could find more happiness in my own life by doing the things Lucy does, except of course for drinking from the toilet.

One thing Lucy does is love people. She is extremely friendly. Even though, as a puppy, she was abandoned to the streets, where she probably had some unpleasant experiences, she shows no fear of strangers, human or canine. She is determined to shower love upon everybody she gets anywhere near. And she is always making new friends.

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Corporate Tax Cuts

by Laura Ehrenberg-Chesler on March 13, 2019 in corporate buybacks

From CNBC this morning: “A Goldman Sachs analysis out last week suggests there are misconceptions around the impact of President Donald Trump’s tax cuts. Many on Wall Street and Capitol Hill have said the tax cuts are being spent on corporate stock buybacks and not capital expenditures. Stock buybacks have been under attack on Capitol […]

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Fed Chair Affirms Patient Stance

by Marilou Moursund on February 26, 2019 in Economic Indicators

The Chairman of the Federal Reserve, testified before Congress today. He affirmed that the Fed would remain patient and data dependent when deciding whether or not to raise interest rates. From the linked WSJ article: Fed officials raised their benchmark short-term rate four times last year, most recently in December, but have since signaled further […]

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Retail Sales and the Economy

by Laura Ehrenberg-Chesler on February 20, 2019 in Economic Indicators

December retail sales were disappointing. Investors are concerned that this may presage a slowing economy in the near future. But after those sales numbers were reported, some additional data was released that may contradict the growing concern about a near term slowdown. Goldman Sachs recently reported that “several of the fundamental drivers of consumer spending, […]

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Good News Bad News for S&P Earnings

by Laura Ehrenberg-Chesler on February 7, 2019 in Commodities

A few days ago Ed Yardeni gave a summary of some good news as well as some bad news as it pertains to S&P earnings. All of these points are worth monitoring on an ongoing basis. On the good news side there is: (1) “Rebounding M-PMI. The good news is that the US M-PMI rebounded […]

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Confidence Boosters for the Market

by Laura Ehrenberg-Chesler on January 28, 2019 in Earnings

For the fourth quarter of 2018, and into the month of January 2019, the market has been worried about slowing growth and the possibility of a recession. Earnings reports have been mixed, with several large multi-nationals reporting disappointing numbers. Ed Yardeni articulates a few things that could bolster the confidence of the market over the […]

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Mexico’s New Foreign Policy: A Return to the Past – courtesy of Geopolitical Futures

by Marilou Moursund on January 16, 2019 in Brexit

I think it is interesting that we tend to pay more attention to Europe and the UK rather than what is going on right to the south of us.  Many of the same issues revealed by the Brexit vote, the Yellow Vests in France, and the election of populist leaders around the world are also […]

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Corporate Buybacks vs. Capital Spending

by Laura Ehrenberg-Chesler on December 20, 2018 in capital spending

There has been a lot of chatter this year about corporations buying back their own stock rather than investing in their businesses. On Tuesday, Ed Yardeni debunks this myth with facts. “True Story III: Capital Spending at Record High. Another widely held view is that corporations aren’t spending enough on plant and equipment because they’re […]

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No sign of Credit Crunch at Banks

by Laura Ehrenberg-Chesler on December 18, 2018 in Economic Indicators

With all the worry about the inverted yield curve and a potential recession, it was a relief to read Ed Yardeni’s piece this morning about banks, lending, and the yield curve. From Ed Yardeni: “So what really matters is the net interest margin of the banks. Consider the following: (1) Interest margin. Data available for […]

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Thanksgiving story on Successful Managers

by Laura Ehrenberg-Chesler on November 28, 2018 in Tribute

In case you missed this story from the WSJ on November 25: “By year two, as William Bradford’s long-odds startup finally stepped back from the brink of oblivion, he decided to hold a mandatory, three-hour staff meeting. This wasn’t a party, an operational review or hackathon. The only item on the boss’s agenda that morning […]

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