Non-GAAP earnings are getting out of hand. In 2014, 19% of all U.S. IPOs used non-GAAP earnings to appear profitable when under GAAP earnings they were not. The Wall Street Journal reports that all companies are using non-GAAP metrics at a higher rate than ever
October 29, 2015
We have a Federal Reserve lack of transparency problem. The Federal Open Market Committee (FOMC), a committee within the Federal Reserve System, is charged under United States law with overseeing the nation’s open market operations. In the Federal Open Market Committee’s (FOMC) latest policy
Starbucks Corporation (SBUX – Analyst Report), as expected, recorded softer profits in the fourth quarter of fiscal 2015 than the third due to higher employee and digital investments. Revenues, however, were exceptionally strong driven by another stunning increase in traffic trends in the
It bears repeating and re-emphasizing, but had the guts of the actual global financial system been fully appreciated in a timely manner the current state of the global “dollar” would be cause for celebration. It would matter not that the
“When a candidate for public office faces the voters he does not face men of sense; he faces a mob of men whose chief distinguishing mark is the fact that they are quite incapable of weighing ideas, or even of
Talking Points EUR/USD nears critical support/pivot Breakdown hangs in the balance EUR/USD: Make or Break Level Coming Up? I have been wondering for the past couple of months whether the high from August 24th in EUR/USD marked the end of the correction phase
When it comes to the U.S. housing market, there are two clusters: an undisputed bubble among the luxury, bi-coastal or “flippable” markets, which serve a tiny portion of the population but a major portion of foreigners seeking to park illegal
SolarCity (SCTY) and First Solar (FSLR) released their third quarter earnings reports after closing bell tonight. SolarCity posted adjusted losses of $2.10 per share and revenue of $113.9 million. Analysts had been expecting losses of $1.95 per share and revenue
Note: This update incorporates the Advance Estimate of Q3 GDP and the BEA’s annual revision, which impacts the previous three years. Market Cap to GDP is a long-term valuation indicator that has become popular in recent years, thanks to Warren Buffett.
Bureaucratic Fantasies As trained Kremlinologists we were truly baffled by yesterday’s FOMC statement. Yes, we know, they are eager to hike rates at least once, just so they can prove they can still do it, but the comments on the US
