Markets

Is the U.S. budget deficit sustainable?

The U.S. federal budget deficit for 2018 came in just shy of $800 billion, or about 4% of the gross domestic product (the primary deficit, which excludes the interest expense of the debt, was about 3% of GDP).As the figure above shows, the present level of deficit spending (as a ratio of GDP) is not ...

Schedule for Week of May 26, 2019

The key reports this week are the second estimate of Q1 GDP, Case-Shiller house prices, and Personal Income and Outlays for April.For manufacturing, the May Dallas and Richmond Fed manufacturing surveys will be released.----- Monday, May 27th ----- All US markets will be closed in observance of Memo ...

Book Bits | 25 May 2019

● A Brief History of Doom: Two Hundred Years of Financial Crises By Richard VagueSummary via publisher (University of Pennsylvania Press) Financial crises happen time and again in post-industrial economies—and they are extraordinarily damaging. Building on insights gleaned from many years of wo ...

Special Weekend Podcast: Ed Karr, CEO of U.S. Gold Corp.

With TF 2 Comments | Like many of you, we're always on the lookout for interesting mining and exploration companies. Well, here's a new one for you to consider...U.S. Gold Corp. Back on Friday, I had the pleasure to speak with Ed Karr, the president and CEO of U.S. Gold Corp. Ed's company is u ...

LB.PR.H : Convert or Hold?

It will be recalled that LB.PR.H will reset At 4.123% effective June 15, 2019. LB.PR.H is a NVCC-compliant FixedReset, 4.30%+255, that commenced trading 2014-4-3 after being announced 2014-3-25. The extension was announced 2019-5-7. This issue is tracked by HIMIPref™ but relegated to the Scraps F ...

May 24, 2019

HIMIPref™ Preferred IndicesThese values reflect the December 2008 revision of the HIMIPref™ IndicesValues are provisional and are finalized monthly Index MeanCurrentYield(at bid) MedianYTW MedianAverageTradingValue MedianMod Dur(YTW) Issues Day’s Perf. Index Value Ratchet 0.00 % 0.00 % ...

New Issue : CM FixedReset, 5.15%+362, NVCC

Canadian Imperial Bank of Commerce has announced: that it had entered into an agreement with a group of underwriters led by CIBC Capital Markets for an issue of 10 million Basel III-compliant Non-cumulative Rate Reset Class A Preferred Shares Series 51 (Non-Viability Contingent Capital (NVCC)) (the ...

New Issue : TD FixedReset 5.10%+356, NVCC

The Toronto-Dominion Bank has announced (although not yet on their website): a domestic public offering of Non-Cumulative 5-Year Rate Reset Preferred Shares (non-viability contingent capital (NVCC)), Series 24 (the “Series 24 Shares”). TD has entered into an agreement with a group of underwrite ...

The Relative Safety Of High-Yielding Stocks - 4 Names To Ponder As Interest Rates Plummet and Markets Waffle

We’re in a difficult period with the markets at the moment, as uncertainty surrounding U.S.- China trade talks is weighing heavily on stocks. With both sides throwing barbs and a resumption of talks not due until later this month, the pressure on the markets may very likely continue. With ...

Double Whammy: Fed Policy and the U.S.-China Trade War

May’s “flash” index of U.S. manufacturers registered a sharp decline to 50.6. This is only a preliminary reading, but if it turns out to be accurate, it would mark the slowest growth in the domestic manufacturing industry since September 2009 ...