Friday, October 30, 2015

What My Immigrant Family Taught Me About Money and Success + MORE 10:19 pm Oct 30th

Should you care about the Valeant drama?

– thereformedbroker.com

This morning, a hedge fund manager with a large position in embattled pharma company Valeant held a three hour conference call to assuage investor concerns about its 50% crash over the last few months.
It’s not working so far, the stock is bleeding all over the exchange as of this posting.
My take on whether or not investors should care about Valeant and its developing situation just went live at Fortune today…

Continue Reading On thereformedbroker.com »

Billionaire Leon Cooperman is one of the best value investors on the Street who scored high returns by betting on undervalued companies. Since 1991, when Cooperman founded Omega Advisors, the fund has returned a cumulative 1,536.2%, according to a recent investor conference call. In the third…

[[ This is a content summary only…

Continue Reading On insidermonkey.com »

Personal Income, Consumer Spending Rise Less Than Expected; PCE Price Index Negative; 4th Quarter Acceleration Coming Up?Personal Income, Consumer Spending Weaker Than Economists ExpectToday’s Personal Income and Outlays report came in below Consensus Estimates.Inflation is not building based on the Fed’s favorite reading, the core PCE price index which inched a lower-than-expected 0.1 percent higher in September with the year-on-year rate steady and flat at only plus 1…

Continue Reading On globaleconomicanalysis.blogspot.com »

What My Immigrant Family Taught Me About Money and SuccessMy parents, grandparents, and I moved to the United States in 1992 with everything we owned packed into 14 suitcases. We were $2,000 in debt after buying our plane tickets, and spoke no English. I was almost four years old.

Getty Images/iStockphoto

My parents were part of a wave of educated Jewish families who immigrated to America from the former Soviet Union in the ’90s…

Continue Reading On dailyworth.com »

Succinct Summations for the week ending October 2nd, 2015
Positives:

The S&P 500 just completed its best month since October 2010.
ECI rose 0.6%, in line with estimates.
Chicago PMI rose 50 56.2, up from 48.7 previously.
Initial jobless claims came in at 260k; the 4-week average is down to 259.25k…

Continue Reading On ritholtz.com »

IIF Warns Household Wealth Gains Will Disappear Unless Fed Normalizes Rates Soon"Easy policy has passed the point of diminishing return and keeping it longer would only increase moral hazard and distort financial markets," exclaims the Institute of International Finance, warning that the gap between the value of Americans' holdings of stocks, bonds and other financial assets and the trend growth rate of the economy is still large and not far off the level that prevailed in 2007 before the financial crisis…

Continue Reading On zerohedge.com/ »

New Social Security Rules: What You Need to KnowThe budget bill passed by Congress this week (text here) includes a number of very significant changes to Social Security. (If you’re interested in reading the law itself, Section 831 contains the relevant wording.)
There are two primary categories of changes:

One set of changes to the deemed filing rules (which affect the “restricted application” strategy), and
Another set of changes to the rules regarding voluntary suspension of benefits (which affect the “file and suspend” strategy)…

Continue Reading On obliviousinvestor.com »



from Royalty Gateway http://www.royaltygateway.com/what-my-immigrant-family-taught-me-about-money-and-success-more-1019-pm-oct-30th/

Should you care about the Valeant drama?

– thereformedbroker.com

This morning, a hedge fund manager with a large position in embattled pharma company Valeant held a three hour conference call to assuage investor concerns about its 50% crash over the last few months.
It’s not working so far, the stock is bleeding all over the exchange as of this posting.
My take on whether or not investors should care about Valeant and its developing situation just went live at Fortune today…

Continue Reading On thereformedbroker.com »

Billionaire Leon Cooperman is one of the best value investors on the Street who scored high returns by betting on undervalued companies. Since 1991, when Cooperman founded Omega Advisors, the fund has returned a cumulative 1,536.2%, according to a recent investor conference call. In the third…

[[ This is a content summary only…

Continue Reading On insidermonkey.com »

Personal Income, Consumer Spending Rise Less Than Expected; PCE Price Index Negative; 4th Quarter Acceleration Coming Up?Personal Income, Consumer Spending Weaker Than Economists ExpectToday’s Personal Income and Outlays report came in below Consensus Estimates.Inflation is not building based on the Fed’s favorite reading, the core PCE price index which inched a lower-than-expected 0.1 percent higher in September with the year-on-year rate steady and flat at only plus 1…

Continue Reading On globaleconomicanalysis.blogspot.com »

What My Immigrant Family Taught Me About Money and SuccessMy parents, grandparents, and I moved to the United States in 1992 with everything we owned packed into 14 suitcases. We were $2,000 in debt after buying our plane tickets, and spoke no English. I was almost four years old.

Getty Images/iStockphoto

My parents were part of a wave of educated Jewish families who immigrated to America from the former Soviet Union in the ’90s…

Continue Reading On dailyworth.com »

Succinct Summations for the week ending October 2nd, 2015
Positives:

The S&P 500 just completed its best month since October 2010.
ECI rose 0.6%, in line with estimates.
Chicago PMI rose 50 56.2, up from 48.7 previously.
Initial jobless claims came in at 260k; the 4-week average is down to 259.25k…

Continue Reading On ritholtz.com »

IIF Warns Household Wealth Gains Will Disappear Unless Fed Normalizes Rates Soon"Easy policy has passed the point of diminishing return and keeping it longer would only increase moral hazard and distort financial markets," exclaims the Institute of International Finance, warning that the gap between the value of Americans' holdings of stocks, bonds and other financial assets and the trend growth rate of the economy is still large and not far off the level that prevailed in 2007 before the financial crisis…

Continue Reading On zerohedge.com/ »

New Social Security Rules: What You Need to KnowThe budget bill passed by Congress this week (text here) includes a number of very significant changes to Social Security. (If you’re interested in reading the law itself, Section 831 contains the relevant wording.)
There are two primary categories of changes:

One set of changes to the deemed filing rules (which affect the “restricted application” strategy), and
Another set of changes to the rules regarding voluntary suspension of benefits (which affect the “file and suspend” strategy)…

Continue Reading On obliviousinvestor.com »

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