Proof in the Pudding?

With the Easter holiday behind us, it’s time to get ready for some Q1 earnings reports. The S&P will continue releasing earnings as we try to decipher where the headwinds of the economy are taking us. We will begin tomorrow with news from Johnson and Johnson (JNJ) and a re-cap of Goldman-Sachs’ (GS) performance for the quarter. Intel will announce after the bell Tuesday.

This economic malaise will likely go down in history as one of the worst. It’s effects have demonstrated that while the emerging world (SE Asia, E Europe) has a hand to play in the global economic landscape they are still “emerging” . Eastern Europe is wracked with debt and challenged to find financing for the short term debt coming due this year. One struggles to understand how a worldwide globalization build-out will continue anytime soon – given the environment. That said, governments of the world (in apparent acceptance and agreement to the dire nature of the issues) have pumped unprecedented levels of wealth into the global economy in an effort to stabilize debt (credit) and capital requirements worldwide.
As China begins to play a more significant role in world economics it will be interesting to see how the country evolves. The Chinese Yuan, the currency of China , is becoming more and more significant. China’s economy is growing quickly, but it is still small , in GDP comparison terms, to the United States. Part of the reason for this is a lack of reliable infrastructure. China finds itself in routinely inefficient circumstances (poorly allocated resources) and sometimes embarrassed on a world political stage due to the lack of regulatory standards the country has been able to uphold. One can only think back to Upton Sinclair’s “The Jungle” — as the United States wrestled with similar (but different) issues of safety and product standards. Hopefully, the Chinese govt can learn quickly from the mistakes of the past and adopt an effective means of ensuring the safety of Chinese-made goods for use both inside China and globally.


0 Responses to “Proof in the Pudding?”

  1. Leave a Comment

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

Moments - powered by Flickr

RSS Economy – Powered by BookMach

  • An error has occurred; the feed is probably down. Try again later.


Error: Twitter did not respond. Please wait a few minutes and refresh this page.

RSS MarketPulse

  • Tronc sale of L.A. Times to local billionaire set to close Monday: report June 16, 2018
    Southern California biotech billionaire Patrick Soon-Shiong's purchase of the Los Angeles Times from Chicago-based Tronc is slated to close Monday, according to a Saturday report by the Los Angeles paper. Soon-Shiong also gets the San Diego Union-Tribune in the half-billion-dollar deal, along with smaller local publications including an edition of the S […]
  • Nvidia to replace Time Warner in S&P 100 June 15, 2018
    Nvidia Corp. will replace Time Warner Inc. in the S&P 100 index prior to the opening bell on June 20, S&P Dow Jones Indices said late Friday. Nvdia stock was flat in after hours trading and closed down 0.6% to $265.26 during the regular session. The change in the index comes as the AT&T Inc. -Time Warner merger closed earlier this week. FleetCor […]
  • Theranos CEO Elizabeth Holmes steps down June 15, 2018
    Theranos Inc. said late Friday that embattled Chief Executive Elizabeth Holmes has stepped down from the top boss spot. Theranos general counsel David Taylor will take over as CEO. Holmes will remain as chair of the board.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on t […]
  • Time Warner to be renamed WarnerMedia, execs departing June 15, 2018
    Things are shifting at AT&T Inc. and Time Warner Inc. post-merger. John Stankey, a long-time AT&T executive who will be running the Time Warner properties, announced several rebranding and structural changes in an internal memo Friday afternoon. Time Warner will be renamed WarnerMedia, and former Time Warner head Jeff Bewkes and Turner cable-TV unit […]

%d bloggers like this: