…who would probably re-enter the jobs market and be interested in a job, if wages were better. That’s a Day in the Life of the jobs market in May 2017…

by Joseph Joyce Venezuela and the Next Debt Crisis The markets for the bonds of emerging markets have been rattled by developments in Venezuela. On November 13,Standard & Poor’s declared…

R.I.P. bond bull market, 1981-2016 On September 30, 1981, the 10 year US Treasury bond yielded 15.84%. It has not been that high since. On July 8, 2016, it fetched…

…50 advanced and emerging market economies. They report that monetary tightening in the U.S. leads to a decline in foreign GDP, with a larger decline found in the emerging market…

…with China is a one-way street. China opens its markets to an unprecedented degree, while in return the United States simply maintains its current market access policies. ‘It is difficult…

…We’ve had as big or bigger moves downward a number of times during this bull market, including a -20% down move in 2011. Could the market move still lower? Of…

by Joseph Joyce (lifted from Capital Ebbs and Flows) Partners, Not Debtors: The External Liabilities of Emerging Market Economies My paper, “Partners, Not Debtors: The External Liabilities of Emerging Market…

…except to say the other biopharmas entered the Hep C market with their own products forcing down these initial high prices and lowering Gilead’s stock valuation. Before Solvaldi, Gilead’s market…

…to the converting of publicly owned entities to private ownership. In 1955, Milton Friedman proposed privatizing public schools; saying that he wanted to bring ‘market forces’ to bear. At that…

…these markets. But probably not in all of them. One is of course the US stock market, which has hit new record highs recently for most of its indices, with…