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Economics

Wall Street Daily: The Vast Potential of the Small-Cap Universe

Wall Street Daily: The Vast Potential of the Small-Cap Universe

Welcome to the next step in the continuing evolution of Wall Street Daily. Our new mandate is to chart the universe of small-cap stocks — to understand the origin, evolution, and ultimate fate of the tiny innovators that will lead the way to a better tomorrow. We’re here to help you identify, invest in, and...

Japan Is a Bankruptcy Waiting to Happen

Japan Is a Bankruptcy Waiting to Happen

Last week, Shinzo Abe won a big victory in Japan’s Upper House elections, which gives him, together with the smaller Komeito party, enough of a majority to rewrite Japan’s constitution. He has decided, instead, to first attempt to revive the Japanese economy with another “stimulus” program of 10 billion yen ($98 million) in new public spending –...

Italian Banks Desperate For a Bailout

Italian Banks Desperate For a Bailout

The next banking crisis is just around the corner. This time, however, its origin will not be the United States. Instead, the trouble will start across the pond in Italy. Since the 2008 financial crisis pummeled international finances, Italy’s banks simply haven’t recovered. In fact, the Italian banking system is saddled with perhaps as much...

Why the Brexit Could Spark a New Wave of M&A

Why the Brexit Could Spark a New Wave of M&A

When the United Kingdom voted to leave the European Union last month, the news triggered a wave of volatility across the globe. The reason for the volatility was simple: uncertainty. Markets hate it – and the Brexit delivered it in spades. On a corporate level, many companies delivered another shock to their shareholders by admitting...

Setting the Stage for an Energy and Defense Rally

Setting the Stage for an Energy and Defense Rally

Confrontation on the South China Sea (SCS) has been a major ongoing issue for the Association of the Southeast Asian Nations (ASEAN). One such conflict will come to a head on July 12, when the international Court of Arbitration in the Hague issues its verdict in the case initiated by the Philippines against China to...

Banking on a Rebound

Banking on a Rebound

For a long time, big global bank stocks used to be at the core of conservative portfolios – but not anymore. Two such banking giants – with great brands – are now facing market turbulence and it’s time to take note. Crunch Time at Credit Suisse About a year ago, Credit Suisse brought in a...

Has Globalization Been a Mistake?

Has Globalization Been a Mistake?

At the turn of the millennium, the tide of globalization appeared inexorable and irreversible – the World Trade Organization guaranteed free trade, international mergers were creating truly global companies and supply chains, and all while the United Nations organized U.S.-led missions to reduce conflict in troubled areas. Communications costs had plummeted and emerging markets’ share...

How Population Shifts Are Stifling GDP Growth

How Population Shifts Are Stifling GDP Growth

In 2014, ESPN analyst Skip Bayless tweeted his prediction that Johnny Manziel would, one day, be an even bigger superstar in Cleveland than LeBron James ever was. Well, LeBron just won an NBA championship for Cleveland, while “Johnny Football” finds himself in trouble with the law after being cut by the Cleveland Browns following two...

Is Running the Fed Like Riding a Bike?

Is Running the Fed Like Riding a Bike?

One of the first rules of riding a bicycle is to ‘”shift gears early and often.” This constant adjustment keeps up momentum without wearing out the rider or the bike. Ideally, any Fed Governor would follow this same course of action; but like competing in the Tour de France, it’s far from easy. To “shift...

Profit from Trump’s Blind Spot on Trade

Profit from Trump’s Blind Spot on Trade

Donald Trump and Bernie Sanders are mostly wrong in their sharply negative trade outlooks – especially regarding the North American Free Trade Agreement (NAFTA). Instead of altogether dismissing U.S. trade relationships with our neighboring countries, it’s actually well worth taking a closer look at our political and economic ties with Canada and Mexico. The U.S....