tag:blogger.com,1999:blog-314236962024-03-13T07:48:47.487-07:00Mammon Among FriendsIn Mammon Among Friends, Malcolm C. Harris, Sr. provides commentary and news about the national economy, the Wichita economy, the world of finance, and utility & postal economics. Experiences such as a utility commission staff manager, forecasting postal volumes and revenues, consulting on utility regulation, and teaching corporate finance have shaped his analysis.Dr. Malcolm C. Harris, Sr.http://www.blogger.com/profile/17980830934198211026noreply@blogger.comBlogger520125tag:blogger.com,1999:blog-31423696.post-14187569372496775642019-06-28T11:35:00.000-07:002019-06-28T11:35:07.219-07:00WSJ: How the Permian Basin Became North America’s Hottest Oilfield<span class="published">6/27/2019 11:06AM</span> <span class="duration"></span>
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How the Permian Basin Became North America’s Hottest Oilfield</h1>
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The U.S. has more than doubled its crude
output over the last decade. Much of the growth is due to the Permian
Basin of West Texas and New Mexico. WSJ traces the hotspot of North
America’s crude oil boom, with a look at challenges that producers in
the region face.</h2>
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<iframe allowfullscreen="true" frameborder="0" height="288" marginheight="0" marginwidth="0" mozallowfullscreen="true" scrolling="no" src="https://video-api.wsj.com/api-video/player/v3/iframe.html?guid=FFF97526-6513-4884-B315-94A46E923507" webkitallowfullscreen="true" width="512"></iframe> </h2>
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<div class="blogger-post-footer">From Mammon Among Friends by Dr. Malcolm C. Harris, Sr.</div>Dr. Malcolm C. Harris, Sr.http://www.blogger.com/profile/17980830934198211026noreply@blogger.com0tag:blogger.com,1999:blog-31423696.post-27777815882553611682019-04-03T14:43:00.002-07:002019-04-03T14:43:51.696-07:00In the Elevator With Away CEO Steph Korey<h3 class="wsj-video-center-title" data-reactid=".t79o7752dk.1.1.7.1.0.3.b.2.$0.1.0">
<a href="https://www.wsj.com/video/series/in-the-elevator-with/in-the-elevator-with-away-ceo-steph-korey/1549EC75-6D77-4C90-BBBB-77D45D4DCA08" target="_blank">In the Elevator With Away CEO Steph Korey</a></h3>
<span style="color: #990000;">Is there a new business model and or an unsatisfied niche in luggage? The founders of Away thought so. Joanna Stern interviews CEO Steph Kore & Cofounder of Away WSJ 4/2/2019</span><br />
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<br /><div class="blogger-post-footer">From Mammon Among Friends by Dr. Malcolm C. Harris, Sr.</div>Dr. Malcolm C. Harris, Sr.http://www.blogger.com/profile/17980830934198211026noreply@blogger.com0tag:blogger.com,1999:blog-31423696.post-33017814506009511702019-02-26T10:03:00.000-08:002019-02-26T10:03:31.792-08:00Housing is the Business Cycle<span style="color: #990000;">Connor Dougherty, a New York Times economics journalist, does a good job
analyzing the role housing has played in past recessions and why it may
not be so crucial in the next. He writes that housing declines
presaged all but two of the last eleven recessions. </span><br />
<br />
<a href="https://fred.stlouisfed.org/series/HOUST" target="_blank">Housing starts</a> a<span style="color: #990000;">re
one of our best leading indicators. Even in one of his two exceptions
(the recessions of 1953-54 and 2001), housing starts did a credible job
of predicting one, 1953-54, leaving only only 2001 as a real anomaly. Starts led the
1953-54 recession by nine months and fell 11.3% peak to trough. In 2001
housing starts peaked a month after the economy and led by a month at
the trough. Peak to trough they fell a mere 6.6%.</span><br />
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<span style="color: #990000;">The "Greenspan put" did not save Dot.Com investors or IT workers, but did provide a soft landing for housing in 2001. An Austrian might argue that simply made the ultimate housing bust worse six years later. </span><br />
<span style="color: #990000;"><br /></span>
<span style="color: #990000;">Dougherty bases his anlysis on contributions to GDP from the the work of Edward Leamer. The latter's </span><span style="color: #990000;"><span style="color: #990000;">prescient </span>2007 Jackson Hole address, "</span><a href="https://www.kansascityfed.org/publicat/sympos/2007/PDF/Leamer_0415.pdf" target="_blank">Housing <i>is</i> the Business Cycle</a><span style="color: #990000;">," which emphasizes the importance of housing in recessions. </span><div class="blogger-post-footer">From Mammon Among Friends by Dr. Malcolm C. Harris, Sr.</div>Dr. Malcolm C. Harris, Sr.http://www.blogger.com/profile/17980830934198211026noreply@blogger.com0tag:blogger.com,1999:blog-31423696.post-50531525071209718392018-11-14T19:53:00.000-08:002018-11-14T19:53:25.300-08:00A Minsky Moment?<span style="color: #990000;">John Plender wrote in yesterday's <i>Financial Times</i>, "</span><a href="https://www.ft.com/content/592957f8-e72e-11e8-8a85-04b8afea6ea3" target="_blank">Complacent investors face prospect of a Minsky moment</a><span style="color: #990000;">." </span><br />
<span style="color: #990000;"><br /></span>
<span style="color: #990000;">One observation is hard to quarrel with, to wit, "</span>I<a href="https://www.ft.com/content/592957f8-e72e-11e8-8a85-04b8afea6ea3" target="_blank">t is historically atypical in that the central banks have been encouraging market participants through quantitative easing to take on more risk to help stave off a perceived deflationary threat. This was, in a sense, a perpetuation of the asymmetric policy pursued by the Federal Reserve before the crisis<span style="color: #990000;">.</span></a><span style="color: #990000;">" we have seen the Greenspan Put on the stock market, the Bernanke Put on the housing market, and are we now seeing the Powell Put on the current bubbles?</span><br />
<span style="color: #990000;"><br /></span>
<span style="color: #990000;">Financial assets have grown rapidly relative to the stock of physical capital and certainly some bubbles have been inflated, most notably the growth of unicorns.</span><br />
<span style="color: #990000;"><br /></span>
<span style="color: #990000;">On the the hand, he claims hat that "<a href="https://www.ft.com/content/592957f8-e72e-11e8-8a85-04b8afea6ea3" target="_blank">Since the Trump tax changes (sic) are unlikely to have more than a modest impact on potential output, the economy, already close to full employment, could run into capacity constraints.</a>" This is unduly pessimistic. The Paul Ryan/ GOP/Trump tax cuts have dramatically reduced the cost of equity and, for well capitalized companies, for corporate investment in real capital. Reducing marginal individual tax rates improves incentives to work. The limit on state and local tax deductions reduces the tax incentive to drive prices up in the most expensive markets in the nation.</span><br />
<span style="color: #990000;"><br /></span>
<span style="color: #990000;">The supply side tax changes combined with the administration's deregulation initiatives has accelerated economic growth after the slowest economic recovery in a century. Growth, the first real wage rate rises since the 1990s, and the improved incentives have increased labor force participation by attracting workers who have given up or face disincentives to taking paying employment. Workers on disability have reentered the workforce. Yes the unemployment rate is the lowest in forty-nine years, but the prime age employment ratio is still below its level at the beginning of the 2007-9 recession even though it is eleven years later.</span><br />
<br />
<span style="color: #990000;">Not only did the 2017 tax act create supply side incentives for the real economy (which Mr. Plender judges too weak), but it also reduced the tax incentive to over lever. It limited corporations' ability to deduct interest expense and the lower corporate marginal corporate tax rates reduce debt's tax subsidy. The debt binges by Netflix and Amazon among others is their last hurray. </span><br />
<span style="color: #990000;"><br /></span>
<span style="color: #990000;">Citing Dr. Doom (Henry Kaufman), Plender worries that "<a href="https://www.ft.com/content/592957f8-e72e-11e8-8a85-04b8afea6ea3" target="_blank">the 10 largest financial institutions held about 10 per cent of US financial assets. Today the figure is about 80 per cent.</a>" While that may reduce the liquidity of financial markets, but it also makes the banking sector more stable. Canada with similar concentration for a century or more has not had a banking crisis since the 1840s. A shift of capital raising from the financial markets to the commercial banks by itself would increase the potential for economic growth. A key initiative by the Republicans with some bipartisan support is to reduce the regulatory burden of smaller banks that are not a systemic threat and shifting the emphasis from regulation to capital. </span><br />
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<br /><div class="blogger-post-footer">From Mammon Among Friends by Dr. Malcolm C. Harris, Sr.</div>Dr. Malcolm C. Harris, Sr.http://www.blogger.com/profile/17980830934198211026noreply@blogger.com0tag:blogger.com,1999:blog-31423696.post-41241192322929887162018-03-29T23:10:00.005-07:002018-03-29T23:10:49.837-07:00A Mellienial Job Interview<span style="color: #990000;">An enjoyable way to learn what not to do in a job interview or just laugh at the gap between generations.</span><br />
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<iframe allow="autoplay; encrypted-media" allowfullscreen="" frameborder="0" height="315" src="https://www.youtube.com/embed/Uo0KjdDJr1c" width="560"></iframe><br />
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<span style="color: #990000;">Beware: Boomers in positions of authority have longer job longevity that millennials would think just.</span><div class="blogger-post-footer">From Mammon Among Friends by Dr. Malcolm C. Harris, Sr.</div>Dr. Malcolm C. Harris, Sr.http://www.blogger.com/profile/17980830934198211026noreply@blogger.com0tag:blogger.com,1999:blog-31423696.post-31036658684638184142018-03-29T19:51:00.000-07:002018-03-29T19:51:13.316-07:00Sexy is scary I<span style="color: #990000;">Butterwood argues in the</span> <a href="https://www.economist.com/news/books-and-arts/21739140-dinny-mcmahons-predictions-might-yet-prove-too-gloomy-compelling-look-flaws" target="_blank"><i>Economist</i></a> t<span style="color: #990000;">hat the U.S. stock market is overvalued. At 32.8, the Cyclically adjusted price earnings ratio (CAPE) is certainly pricey. Perhaps that is one reason investors have backed off some of their love affair with FAANG stocks.</span><br />
<span style="color: #990000;"><br /></span>
<span style="color: #990000;">Buttonwood cites research by Research Affiliates, a fund-management group.
<span style="color: #990000;"><br /></span>You can hear the authors of the research (</span><span style="color: #990000;"><span style="color: #990000;">"<a href="https://www.researchaffiliates.com/en_us/publications/articles/645-cape-fear-why-cape-naysayers-are-wrong.html" target="_blank">Cape Fear: Why CAPE Naysayers Are Wrong</a>")</span>, Rob Arnott Vitali Kalesnik Jim Masturzo, explain their thesis in in <a href="https://vimeo.com/249726670" target="_blank">this video</a></span>. <br />
<br /><div class="blogger-post-footer">From Mammon Among Friends by Dr. Malcolm C. Harris, Sr.</div>Dr. Malcolm C. Harris, Sr.http://www.blogger.com/profile/17980830934198211026noreply@blogger.com0tag:blogger.com,1999:blog-31423696.post-78158282611533676302018-02-16T10:48:00.000-08:002018-03-29T20:04:04.082-07:00James Grant And Nouriel Roubini on Macro Risk<span style="color: #990000;">James Grant and Nouriel Roubini square off at the Octavian Institute:</span><br />
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<br /><div class="blogger-post-footer">From Mammon Among Friends by Dr. Malcolm C. Harris, Sr.</div>Dr. Malcolm C. Harris, Sr.http://www.blogger.com/profile/17980830934198211026noreply@blogger.com0tag:blogger.com,1999:blog-31423696.post-26701499855989016762017-11-13T11:26:00.004-08:002017-11-13T11:43:46.431-08:00GE Cuts Its Dividend and Its Stock Price Drops 7 1/2 %<span style="color: #990000;">GE has been much in the news. It announced that it would cut its dividend in half. While that would seem to have been much anticipated, the stock nevertheless dropped seven and a half percent. Thomas Gryta reports in the <i>Wall Street Journal</i>:</span><br />
<a href="https://www.wsj.com/articles/general-electric-cutting-dividend-in-half-1510573283" target="_blank"><br /></a>
<a href="https://www.wsj.com/articles/general-electric-cutting-dividend-in-half-1510573283" target="_blank">"General Electric Cuts Dividend by Half and Slashes Profit Goals</a><br />
<span style="color: #990000;">Industrial giant to revamp board as new CEO pursues restructuring"</span><br />
<br />
<span style="color: #990000;">New SEC rules will make GE look worse still according to Tomi Kilgore on Market Watch, </span><br />
<span style="color: #990000;">"<a href="https://www.marketwatch.com/story/ges-stock-falls-to-5-12-year-low-as-new-sec-rule-to-cut-profit-estimate-by-21-billion-2017-11-13?mod=cx_picks&cx_navSource=cx_picks&cx_tag=other&cx_artPos=7#cxrecs_s" target="_blank">GE’s stock suffers worst day in 8 1/2-years after transformation plan unveiled</a>," Nov 13, 2017</span><div class="blogger-post-footer">From Mammon Among Friends by Dr. Malcolm C. Harris, Sr.</div>Dr. Malcolm C. Harris, Sr.http://www.blogger.com/profile/17980830934198211026noreply@blogger.com0tag:blogger.com,1999:blog-31423696.post-4544639181845194662017-10-19T04:19:00.001-07:002017-10-19T04:19:08.007-07:00What Happens to Tesla, If It Can Not Produce a Half Million Electric Cars Next Year? <span style="color: #990000;">In the <i>Wall Street Journal</i> (10/6/2017), we fin that "Tesla Needs to Pick Up the Pace of Production:"
7:00AM</span><br />
<br />
<span style="color: #990000;">Tesla's super automated car factory had to finish its cars by hand. It produced 70% less than target. Elon Musk's electric-car company fell short of its third-quarter production goals. Is it too ambitious?</span>
<iframe allowfullscreen="true" frameborder="0" height="288" mozallowfullscreen="true" scrolling="no" src="https://video-api.wsj.com/api-video/player/v3/iframe.html?guid=42D46045-EEA7-4DE6-AB55-692318496142" webkitallowfullscreen="true" width="512"></iframe><div class="blogger-post-footer">From Mammon Among Friends by Dr. Malcolm C. Harris, Sr.</div>Dr. Malcolm C. Harris, Sr.http://www.blogger.com/profile/17980830934198211026noreply@blogger.com0tag:blogger.com,1999:blog-31423696.post-92001106260973505092017-10-09T12:18:00.000-07:002017-10-09T12:18:40.795-07:00Is Amazon Vulnerable?Amazon is the FENG Powerhouse. To avoid a regulatory crackdown, NYU's Scott Galloway says the e-commerce giant must take this defensive measure.<iframe allowfullscreen="true" frameborder="0" height="288" mozallowfullscreen="true" scrolling="no" src="https://video-api.wsj.com/api-video/player/v3/iframe.html?guid=9F707381-F53B-432A-8D5D-7642E1F9A8AA" webkitallowfullscreen="true" width="512"></iframe><div class="blogger-post-footer">From Mammon Among Friends by Dr. Malcolm C. Harris, Sr.</div>Dr. Malcolm C. Harris, Sr.http://www.blogger.com/profile/17980830934198211026noreply@blogger.com1tag:blogger.com,1999:blog-31423696.post-52703235652862764942017-10-09T12:12:00.001-07:002017-10-09T12:12:57.876-07:00What is The Millennials' Biggest Investment Mistake?<span style="color: #cc0000;">Liz Ann Sonders of Charles Schwab speaks to <i>Barrons</i> about "The Biggest Mistake Millennial Investors Make." Gunshy from two grand bear markets, they fail to see that a market crash is not their only risk. Here's how to protect against other risks as well: </span><br />
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<iframe allowfullscreen="true" frameborder="0" height="288" mozallowfullscreen="true" scrolling="no" src="https://video-api.wsj.com/api-video/player/v3/iframe.html?guid=452E3FA4-2A4A-451E-BD86-76D909F4341B" webkitallowfullscreen="true" width="512"></iframe> <div class="blogger-post-footer">From Mammon Among Friends by Dr. Malcolm C. Harris, Sr.</div>Dr. Malcolm C. Harris, Sr.http://www.blogger.com/profile/17980830934198211026noreply@blogger.com0tag:blogger.com,1999:blog-31423696.post-45851602099168936692017-10-03T15:43:00.000-07:002017-10-03T15:43:22.811-07:00Sam Sdams Makes a Comeback<span style="color: #cc0000;">Barrons: "A New Twist for Boston Beer," 10/2/2017 8:11AM. After a 30-month slide, Boston Beer shares have staged a surprising turnaround.
</span><iframe allowfullscreen="true" frameborder="0" height="288" mozallowfullscreen="true" scrolling="no" src="https://video-api.wsj.com/api-video/player/v3/iframe.html?guid=C2BEF850-32BE-4392-A9D3-91C4B89F2DA8" webkitallowfullscreen="true" width="512"></iframe><div class="blogger-post-footer">From Mammon Among Friends by Dr. Malcolm C. Harris, Sr.</div>Dr. Malcolm C. Harris, Sr.http://www.blogger.com/profile/17980830934198211026noreply@blogger.com0tag:blogger.com,1999:blog-31423696.post-77635818395278907372017-10-03T15:40:00.000-07:002017-10-03T15:40:15.565-07:00Amazon Doesn't Want to Make Money<span style="color: #cc0000;">In Barrons: "What Amazon Will Destroy Next?"9/30/2017,NYU's Scott Galloway talks with Barron's about the future of Prime shopping, and why Netflix should be worried. Also, hope for Wal-Mart.
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<span style="color: #cc0000;">There is a certain insanity about a firm that has a market capitalization of $460 billion and does its best not to make money. What are investors valuing? </span><div class="blogger-post-footer">From Mammon Among Friends by Dr. Malcolm C. Harris, Sr.</div>Dr. Malcolm C. Harris, Sr.http://www.blogger.com/profile/17980830934198211026noreply@blogger.com0tag:blogger.com,1999:blog-31423696.post-5250574800459713282017-08-19T18:30:00.001-07:002017-08-19T18:30:46.851-07:00Who Is Pro-Business? Steve Bannon or the Financial-Media-Tech Complex?<span style="color: #990000;">Steve Bannon has left the White House. Various ways can characterize it. He left as planned, he was ousted, Chief of Staff John Kelly is trying to create some order. </span><br />
<br />
<span style="color: #990000;">Courtney Weaver and Shawn Daonnan write in the <i>Financial Time</i>s, "</span><a href="https://www.ft.com/content/608652f0-843b-11e7-a4ce-15b2513cb3ff" target="_blank">Bannon goes on offensive after White House ousting.</a><span style="color: #990000;">" What they write exemplifies the disconnect between the elite and the reality on the ground. I will focus on one particular statement:</span><br />
<br />
<span style="color: #990000;">They characterize Mr. Bannon as having "</span><a href="https://www.ft.com/content/608652f0-843b-11e7-a4ce-15b2513cb3ff" target="_blank">clashed with pro-business moderates within the administration.</a><span style="color: #990000;">" The Goldman Sachs troika and their allies are "pro-business" only in the sense of being for large multi-nationals, investment bankers and their allies in the financial-media-tech complex that prospers at the expense of small businesses and ordinary Americans. </span><br />
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<span style="color: #990000;">The financial-media-tech complex destroys jobs, while the little guys have always been the source of 80% of America's job growth. Even here in Kansas, <a href="https://www.bizjournals.com/wichita/print-edition/2016/04/15/guest-column-kansas-deal-with-amazon-a-slap-in-the.html" target="_blank">Republican Brownback subsidizes Amazon while the Seattle Goliath drives community building small books stores out of business</a>. </span><br />
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<span style="color: #990000;">Why has job growth slowed? Why have we had the slowest economic recovery in a hundred years? The "reforms" of the last eight years have stifled the little guys while protecting the big guys. Is it any surprise we have had increased income inequality and slower growth? The elites get fatter, while Everyman and the community he or she lives in dies.</span><div class="blogger-post-footer">From Mammon Among Friends by Dr. Malcolm C. Harris, Sr.</div>Dr. Malcolm C. Harris, Sr.http://www.blogger.com/profile/17980830934198211026noreply@blogger.com0tag:blogger.com,1999:blog-31423696.post-26775642515234992472017-07-13T09:31:00.003-07:002017-07-13T09:31:32.737-07:00How the iPhone Was Born: Inside Stories of Missteps and Triumphs<span style="color: blue;">How the iPhone Was Born: WSJ
6/25/2017 9:00AM </span><br />
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<span style="color: #990000;">On the iPhone’s 10th birthday, former Apple executives Scott Forstall, Tony Fadell and Greg Christie recount the arduous process of turning Steve Jobs’s vision into one of the best-selling products ever made.</span>
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<div class="blogger-post-footer">From Mammon Among Friends by Dr. Malcolm C. Harris, Sr.</div>Dr. Malcolm C. Harris, Sr.http://www.blogger.com/profile/17980830934198211026noreply@blogger.com0tag:blogger.com,1999:blog-31423696.post-12500354700118253452017-04-15T11:55:00.003-07:002017-04-15T11:55:58.518-07:00Tesla<span style="color: #990000;">How does Tesla wind up having a stock market valuation greater than Ford or GM?</span><br />
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<iframe allowfullscreen="true" frameborder="0" height="288" marginheight="0" marginwidth="0" mozallowfullscreen="true" scrolling="no" src="https://video-api.wsj.com/api-video/player/v3/iframe.html?guid=F74D2078-E348-42D0-95E5-162F15B1CAD9&shareDomain=null" webkitallowfullscreen="true" width="512"></iframe><br /><div class="blogger-post-footer">From Mammon Among Friends by Dr. Malcolm C. Harris, Sr.</div>Dr. Malcolm C. Harris, Sr.http://www.blogger.com/profile/17980830934198211026noreply@blogger.com0tag:blogger.com,1999:blog-31423696.post-3791624269420038382017-04-03T07:50:00.005-07:002017-04-03T07:50:45.667-07:00MLPs<span style="color: #990000;"><span style="background-color: white;">MLP is short for Master Limited Partnership. These are taxed like a partnership, but are traded much as common stocks are traded. There will be a general partner, typically a corporation, that assumes the general risk so the unit holders have a limited liability just as shareholders in a corporation.</span></span><br />
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<span style="color: #990000;"><span style="background-color: white;"><span style="color: blue;"><b>Marcus McGregor and High Quality MLPs </b></span></span></span><br />
<span style="background-color: white;"><span style="color: #990000;"> </span></span><span style="background-color: white;"><span style="color: #990000;"><span style="background-color: white;"><span style="color: #990000;">Marcus McGregor is a</span></span>
MLP Equity Strategist with </span></span><a href="https://www.linkedin.com/company/conning?trk=ppro_cprof">Conning Asset Management</a><span style="background-color: white;"><span style="color: #990000;"></span></span><span style="color: #990000;"><span style="background-color: white;"> tells</span></span><span style="color: #990000;"><span style="background-color: white;"><span style="background-color: white;"><span style="color: #990000;"> Barron's senior editor Jack Hough investors should</span></span> </span></span><span style="background-color: white;"><span style="color: #990000;">buy high-quality MLPs for income and stability</span></span><span style="background-color: white;"><span style="color: #990000;"> because they have stronger balance sheets and less regulation. He says their average yields around 7% look sustainable.</span>
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<span style="color: blue;"><span style="background-color: white;"><b>Libby Toudouze Sees a Sideways for MLPs</b></span></span><br />
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<span style="color: #990000;">Jack Hough interviews Portfolio Manager Libby Toudouze of Cushing Asset Management. She suggests three for growth and yield.</span><span style="background-color: white;"><span></span></span><br />
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<span style="background-color: white;"><span style="background-color: white;"><span style="color: #990000;">4/1/2017</span></span> </span><div class="blogger-post-footer">From Mammon Among Friends by Dr. Malcolm C. Harris, Sr.</div>Dr. Malcolm C. Harris, Sr.http://www.blogger.com/profile/17980830934198211026noreply@blogger.com0tag:blogger.com,1999:blog-31423696.post-64068405096508717282017-03-15T19:17:00.000-07:002017-03-15T19:17:56.377-07:00The Wall Street Journal: Carlos Ghosn<span style="color: #990000;">Nissan CEO Carlos Ghosn spoke to <i>Journal</i> about "How I Work:" the true automobile of the future, the toughest period in his career, and whether he'd rather go on a road trip with Elon Musk or Mary Barra. <i>The Wall Street Journal</i>, 3/14/2017, Photo: Robert Libetti</span><br />
<iframe allowfullscreen="true" frameborder="0" height="288" mozallowfullscreen="true" scrolling="no" src="https://video-api.wsj.com/api-video/player/iframe.html?guid=2FD8EB5A-643A-4749-88F5-4226F2CAC43E" webkitallowfullscreen="true" width="512"></iframe><div class="blogger-post-footer">From Mammon Among Friends by Dr. Malcolm C. Harris, Sr.</div>Dr. Malcolm C. Harris, Sr.http://www.blogger.com/profile/17980830934198211026noreply@blogger.com0tag:blogger.com,1999:blog-31423696.post-86763679067947862212017-03-10T07:51:00.001-08:002017-03-10T07:51:56.548-08:00News from the FT & WSJ Today<a href="https://www.ft.com/content/8957b9cc-0460-11e7-ace0-1ce02ef0def9" target="_blank">Bonfire of Wall St analysts burns some big names</a><br />
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<a class="js-teaser-heading-link" data-trackable="main-link" href="https://www.ft.com/content/ba94ae86-d082-3152-92c1-e9f0414b605e?ft_site=next">Snap's $19.7bn IPO explained</a><br />
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<a href="http://blogs.wsj.com/economics/2017/03/10/the-february-jobs-report-in-11-charts/" target="_blank">The February Jobs Report in 11 Charts</a><br />
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Analysis: Strong February Jobs Report
3/10/2017 9:44AM
WSJ's Paul Vigna and Nick Timiraos analyze the February employment report, representing the first full month of the Trump administration. They discuss whether the upbeat payrolls and hourly wages figures are likely to give the Federal Reserve the green light to carry out several interest rate increases this year. Photo: iStock
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<br /><div class="blogger-post-footer">From Mammon Among Friends by Dr. Malcolm C. Harris, Sr.</div>Dr. Malcolm C. Harris, Sr.http://www.blogger.com/profile/17980830934198211026noreply@blogger.com0tag:blogger.com,1999:blog-31423696.post-70243119510376785492017-03-08T20:23:00.000-08:002017-03-08T20:23:09.594-08:00Father Christmas Seems a Bit Upscale at Marks & Spencer<span style="color: #990000;">Father Christmas seems a bit upscale at Marks & Spencer, but there not a dry eye when Mrs. C. saves the day:</span><br />
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<div class="blogger-post-footer">From Mammon Among Friends by Dr. Malcolm C. Harris, Sr.</div>Dr. Malcolm C. Harris, Sr.http://www.blogger.com/profile/17980830934198211026noreply@blogger.com0tag:blogger.com,1999:blog-31423696.post-78336782040417881962017-02-15T07:45:00.001-08:002017-04-03T07:33:07.983-07:00Fast Growing Companies at Value Prices12/30/2016 5:06PM
Heidi Heikenfeld, manager of the Oppenheimer Emerging Markets Innovators fund, is finding health care and tech stocks selling cheaply relative to their growth rates.
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<div class="blogger-post-footer">From Mammon Among Friends by Dr. Malcolm C. Harris, Sr.</div>Dr. Malcolm C. Harris, Sr.http://www.blogger.com/profile/17980830934198211026noreply@blogger.com0tag:blogger.com,1999:blog-31423696.post-14369646953360774562017-02-15T07:42:00.001-08:002017-02-15T07:42:20.800-08:00Barron's Buzz: Can Chipotle Be Fixed?2/3/2017 4:04PM
Barron's senior editor Jack Hough and WSJ's Shelby Holliday preview the latest issue of Barron's. Topics include Chipotle's recovery from food illness outbreaks and pressure on earnings. Also, calculating health-care costs during retirement. Plus, challenges facing Snapchat ahead of parent Snap's IPO.
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<div class="blogger-post-footer">From Mammon Among Friends by Dr. Malcolm C. Harris, Sr.</div>Dr. Malcolm C. Harris, Sr.http://www.blogger.com/profile/17980830934198211026noreply@blogger.com0tag:blogger.com,1999:blog-31423696.post-18879935782843099402016-11-03T19:22:00.000-07:002016-11-03T19:26:15.491-07:00Time For Value?<span style="color: blue;"><span style="background-color: white;">The bottom 20% of the S&P500 ranked by P/E ratio is selling at 10.2 times earnings versus 52.2 times earnings for the top quintile. Is now the time to go for value? </span></span><br />
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<span style="color: #990000;">Here are the views of three value managers interviewed by <i>Barrons</i>: </span><br />
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<span style="color: #990000;">4 Deep Value Stocks to Buy Now
9/21/2016 7:00AM
Fund manager Bill Smead says Bank of America shares are ready to soar along with three other underpriced compani</span>es.
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<span style="color: #990000;">4 Undervalued Stocks from Scott Black
10/23/2016 8:19AM
The Boston-based value investor makes the case for Shire, Carnival, Celestica, and Lionbridge.</span><br />
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<span style="color: #990000;">Financial Stocks: Undervalued, Earnings Growing
12/9/2015 2:56PM
With a Fed rate hike (possibly) around the corner, portfolio manager Chris Davis lists 3 favorite stocks and many reasons he thinks they can beat the market in coming years.
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<div class="blogger-post-footer">From Mammon Among Friends by Dr. Malcolm C. Harris, Sr.</div>Dr. Malcolm C. Harris, Sr.http://www.blogger.com/profile/17980830934198211026noreply@blogger.com0tag:blogger.com,1999:blog-31423696.post-76617583332858020622016-10-10T04:23:00.003-07:002016-10-10T18:28:29.865-07:00Oliver Hart and Bengt Holmstrom Share the 2016 Nobel Price in EconomicsThe Nobel committee announced today that for their work in contract theory Oliver Hart and Bengt Holmström won the 2016 Sveriges Riksbank Prize in Economic Science in Honor of Alfred Nobel. Charles Duxbury and Mike Bird report on it in the Wall Street Journal today. Moreover the Journal reported in a video:
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<a href="https://2.bp.blogspot.com/-MnqgJptmU3s/V_t4_cwabYI/AAAAAAAAAxU/BhHwrFiZmok9t0mg9DrcHQcJHQa_c8xzACLcB/s1600/Bengt-Holmstrom.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="225" src="https://2.bp.blogspot.com/-MnqgJptmU3s/V_t4_cwabYI/AAAAAAAAAxU/BhHwrFiZmok9t0mg9DrcHQcJHQa_c8xzACLcB/s400/Bengt-Holmstrom.png" width="400" /></a></div>
Evan Peterson, "<a href="http://openmarkets.cmegroup.com/6987/why-bengt-holmstrom-is-an-economist-you-should-know" target="_blank">Why Bengt Holmström, is An Economist You Should Know,</a>" Open Markets, October 21, 201.
<div class="blogger-post-footer">From Mammon Among Friends by Dr. Malcolm C. Harris, Sr.</div>Dr. Malcolm C. Harris, Sr.http://www.blogger.com/profile/17980830934198211026noreply@blogger.com0tag:blogger.com,1999:blog-31423696.post-756698192176211932016-10-03T22:21:00.002-07:002016-10-03T22:21:06.506-07:00For the Record: Harris Commented on the Auto Bailout.Alex Johnson, "For Dealers, Auto bailout Can't Come Too Soon." NBC News <abbr class="dtstamp updated" style="display: inline;" title="2008-12-04T14:58:27">12/4/2008, quoted</abbr> Malcolm Harris, an economics professor at Friends University in Wichita,
said: “If you have a half a million or a million people out of work,
with retail sales in real terms already down 5 percent over a year ago,
you’re taking what’s becoming a significant recession and making it a
lot nastier.”<div class="blogger-post-footer">From Mammon Among Friends by Dr. Malcolm C. Harris, Sr.</div>Dr. Malcolm C. Harris, Sr.http://www.blogger.com/profile/17980830934198211026noreply@blogger.com0