Mar 27, 2023 | Markets
As federal spending continues to rise, accumulated federal debt will soon reach all-time highs relative to the size of the economy. Federal debt held by the public will hit 107 percent of gross domestic product (GDP) in 2028, surpassing the previous peak after World...
Feb 7, 2023 | Markets
Google shares jumped Thursday, a day after the company announced its latest artificial intelligence model called Gemini. Google executives said Gemini outperforms OpenAI’s GPT-3.5, but the company did not share how it compares with OpenAI’s latest model, GPT-4....
Sep 24, 2022 | Markets
In Tom Wolfe’s famous essay about the 1970s, “The Me Decade,” he wrote about how Americans had abandoned communal thinking in favor of personal wealth. “They took their money and ran,” he wrote. In fact, there wasn’t much money to take. Today, with the...
Sep 6, 2022 | Markets
Over the past two decades, the corporate profits of stock market listed firms have been substantially boosted by declining interest rate expenses and lower corporate tax rates. This note’s key finding is that the reduction in interest and tax expenses is...
Aug 23, 2022 | Markets
US-based sports retailer, Nike, reported a $790 million quarterly loss and revenue $1 billion below initial Wall Street forecasts. Despite the poor quarterly results, Nike reported a 75% increase in digital sales. The results drove Nike’s management to change...
Apr 1, 2020 | Markets
The SCPA (Statistical Crash Probability Analyses) algorithm was developed in March of 2020 from my empirical research of all stock market crashes from 1901 through 2018. The impetus to conduct the research was the market crashes which simultaneously occurred for 13...
