We are seeing this in the GM worker strike. As companies make more in profits, labor wants their share of the pie. This dynamic has a ripple effect we see in the later part of the cycle. As explained by Christian Drake: “If nominal wage growth is rising faster than nominal GDP, then labor’s share
This is your daily reminder that as the 4th quarter gets underway economic cycles still matter. More than tweets, “trade deals” and any other headlines CNBC throws at you. As you can see in my Chart of the Day, the last two rate cut cycles have not been friendly to the equity markets. Don’t forget
In my Chart of the Day, you can see that after several years of the stock market being driven by only a handful of companies, this divergence has reverted back to the mean. While this does not factor in the last two quarters, it gives you a sense that diversification across market capitalization may finally
Jefferies’ merchant banking unit wrote down the value of its investment in We Co. by $146 million. As I posted my thoughts on WeWork IWork, the largest monetary losers in this will not be the buyers of the IPO (aka the retail public) since that has been delayed, but all of the early investors. Now
…Instead of WeWork On the heels of his resignation termination, WeWork founder Adam Neumann today stated, “Too much focused has been placed on me.” Oh really…you only mentioned yourself 169 times in the S-1. Here is another sign of hubris by the founder: Here are some interesting factoids found in their S-1 filing. When the