what does Goog make , it's a search engine that charges ad money as FB does, everything Goog invested in other than the search engine failed, the glasses, the phone, now a driver less car, , it's all ad money
Consumer prices in Japan dropped more than expected, adding to evidence that the nation is struggling to break free of deflation as the central bank board meets to decide whether to expand monetary stimulus.
Prices excluding fresh food slumped 0.3 percent in March from a year earlier, the most since April 2013, the statistics bureau announced. That compares with a forecast drop of 0.2 percent in a Bloomberg survey. Excluding food and energy costs, inflation was 0.7 percent.
The inflation figures are some of the most important data for the Bank of Japan to gauge the impact of its monetary expansion program. Policymakers have been waiting on the slew economic indicators being released Thursday before making any decision to adjust stimulus, according to people familiar with discussions at the bank.
FB - looks like qtr effective tax rate went from 36% to 27%, anyone else see this?
One of the most powerful US hedge fund managers believes that the industry is in “first innings of a washout” after a string of disastrous market calls inflicted steep losses on many funds.
Daniel Loeb’s stark comments, in his first-quarter letter to investors in his fund Third Point, come as institutions such as pension funds are questioning the value of investing in hedge funds.
The first quarter was “one of the most catastrophic periods of hedge fund performance that we can remember since the inception of this fund,” in December 1996, Mr Loeb said. “There is no doubt that we are in the first innings of a washout in hedge funds and certain strategies.”
Mr Loeb recounted a litany of recent woes for hedge funds. Many have been caught on the wrong side of market swings, such as those related to the Chinese economy and its currency, he pointed out.
Successful bets from 2015 on Facebook and Netflix have soured, and turns in the fortunes of Valeant and Allergan — two companies where hedge funds piled into their shares — “decimated” portfolios, Mr Loeb said.
The Santa Clara County Sheriff's Office on Wednesday began investigating a body found at Apple’s Cupertino headquarters.
Acting spokesperson Sgt. Andrea Urina said she has no other other information at this time. Sheriff's investigators are on scene.
The Santa Clara County Fire Department said crews were called to the scene but were then waved off and never went on campus.
Well I do not, they have had a crazy/stupid run and deserve whatever happens at this point, when things seem to easy and to good the one should beware. Markets have in the past have always been a risk , now no risk whatsoever, buyer beware
Charts are not what they useto be, even when they signal overbought and are ready to head south the CB step in and the direction changes, it's has become even less of a fair game, years prior to Benanke the Street were in control ,now CB's are with the Street. and the CB's changes the rules each time, imagine you take a fixed loan from a bank and then they decide to change the rate every few months based on how many borrowers they have so they can keep their profit steady. They LIE
you are probably right, it's criminal at this point, Greenspan looks like a child compared what is being done these days, he raised rates and was not concerned if markets corrected, he nver made a decision based on worries that markets would drop, he useto say markets will do whatever they do!
with explosives, they both confirmed that they will keep rates low, Draghi, Yellen both confirmed it and now markets rally non stop, This market has gone straight up for 1 month without looking back, no worries whatsoever, If this does not scare a person then something is very wrong. This is outright criminal, Yellen finds excuses time after time not to raise rates, Everything thing in life is transitory , so for her to keep saying it is transitory is a joke,
The world economy would be worse off without negative interest rates, according to International Monetary Fund Managing Director Christine Lagarde.
Negative rates in Europe and Japan have helped support global growth and price gains, she said in an interview in Ho Chi Minh City on Friday. The finance sector may need to implement new business models as a result, she said.
“If we had not had those negative rates, we would be in a much worse place today, with inflation probably lower than where it is, with growth probably lower than where we have it,” Lagarde said. “It was a good thing to actually implement those negative rates under the current circumstances.”
Central banks in Europe and Japan have deployed negative interest rates to stimulate the economy, and Federal Reserve Chair Janet Yellen said the U.S. central bank is taking a look at the tool “in the event that we needed to add accommodation." The policy moves have triggered concerns that they could have unintentional consequences such as hurting bank profits.
So "Sonders' says wait until companies have to write off :'good will right off': for buy backs then you will have a domino.........so he believes retail investors will pick up the slack when buybacks diminish, what about jobs, real jobs that will never come back to the USA and wait till $15 an hour kicks in and more jobs will be cut and inflation kicks in , the so called fix the Fed and Central Banks implemented will come back and bit them in the A-s ECB is lending money and will pay the borrower, yes that is very normal
Since the beginning of the post-crisis bull-market run, the biggest buyer of equities hasn't been retail investors or institutions but companies themselves.
Companies have been supporting the stock market through buybacks for years.
But according to some analysts, the era of buybacks may be coming to a close.
And this could be terrible news for the stock market
Companies have been their own best friends
According to a note from analysts at HSBC, buybacks have been the source of most of the demand for stocks since 2009.
The note said that for each of the past two years, companies in the S&P 500 have bought back nearly $500 billion of their own stock and a total of $2.1 trillion since 2010.
This huge amount of buying has been a massive source of upside for the stock market, said Liz Ann Sonders, chief investment strategist at Charles Schwab.
"There's no question that by far corporate buyback have been the source of most of the buying in the stock market," Sonders told Business Insider on Wednesday. "On a cumulative basis there has not been a dollar added to the US stock market since the end of the financial crisis by retail
Jonathan Glionna, equity strategist at Barclays, laid out just how important this has been to equity markets, comparing the boost from buybacks to the Fed boosting the bond market through quantitative easing.
"Cheap financing has encouraged buybacks for some time. It's easier to do when you can simply ask for a loan to finance the buybacks and as the Fed tightens and interest rates increase, this isn't going to be as available."
The impact on the stock market
The issue that should scare investors is what would happen if this corporate stimulus went away.
"I have sympathy with the idea of increased risks if buybacks were to dry up," Sonders told us. "Certainly there's a possibility that if that were to happen it could cause a serious downside for equity markets."
China intervened to support its stock market on Friday, helping the benchmark index cap its best weekly gain of 2016 before policy makers meet to approve a five-year road map for the economy, according to two people with direct knowledge of the situation.
State-backed funds bought primarily bank shares, while some local branches of the securities regulator asked listed companies, mutual funds and brokerages to stabilize the market during the National People’s Congress and the Chinese People’s Political Consultative Conference, said the people, who asked not to be named because the matter isn’t public.
I agree with you, this is the biggest scam of all times