18 July 2019

1) News for budding entrepreneurs. Each year, roughly 30,000 new consumer products are introduced to the market place, but 95% of them fail. The primary reason for failure is lack of preparation, of not understanding the ‘product life cycle’. The life cycle is the time from inception to obsolescence the product experiences. As a product goes through its life cycle, the sales and profit margins will fluctuate, so you must adjust your marketing mix accordingly. The subject is complex and extensive, and a new entrepreneur should spend time researching and understanding the topic before investing in a new product venture.

2) AT&T and Microsoft announced they have agreed on a cloud deal worth more than $2 billion dollars. AT&T will use Microsoft’s Azure cloud service for its computing needs and Office 365 software for its 268,000 people. Additionally, the two companies will work together on edge computing with Microsoft technology deployed alongside AT&T’s up coming 5G network and applications requiring extremely small delays in passing data back and forth such as real time control systems applications.

3) The debt of America is about to hit a record high, a result of cheap money and soaring debt, which has fueled the decade long economic expansion and bull market. There are raising fears of what could happen if there is a shift in the fragile economic balance. The total American debt, both public and private amounts to nearly $70 trillion dollars, with the economy about $21 trillion dollars in size. Difficulties could arise if America should experience a recession with both government and private sectors having trouble meeting their repayments.

4) Stock market closings for – 17 JUL 19: Disappointing quarterly reports pulled the markets down.

Dow                   27,219.85    down    115.78
Nasdaq                8,185.21    down      37.59
S&P 500               2,984.42    down      19.62

10 Year Yield:    down   at    2.06%

Oil:    down   at    $56.58

4 July 2019

1) Estimates for National Employment Report forecast 140,000 new jobs, but private employers added just 102,000. This compares to 41,000 new jobs for the pervious month. This report comes ahead of the U.S. Labor Departments’s more comprehensive non-farm payrolls which includes both public and private sector employment.

2) Renown former Chrysler CEO Lee Iacocca, the man who put the Mustang in Ford’s lineup, has died at 94. Mr. Iacocca is also noted for creating the minivan and Chrysler K-cars in his 32 year career in Detroit. He’s best noted for his turn around of Chrysler corporation when in 1979 the company was floundering with $5 billion dollar debt turning out gas guzzler cars that people didn’t want. To save the company, he secured $1.5 billion dollar loan guarantees from the Federal Government which kept the company afloat until new fuel efficient cars could be produced.

3) The U.S. trade deficient surges to a five month high in May as imports of goods increased with businesses building up stock supplies to avoid tariffs. The trade deficit increased 8.4% to $55.5 billion dollars. The widening trade deficit adds to weak housing, manufacturing, business investment and slow consumer spending which may spell a lowering of the American economy. The trade deficit may be further aggravated with the suspension of Boeing’s 737 MAX deliveries.

4) Stock market closings for- 3 JUL 19: Stocks surged up on news of new U.S.- China talks.

Dow              26,966.00    up     179.32
Nasdaq            8,170.23    up       61.14
S&P 500           2,995.82    up       22.81

10 Year Yield:    down   at    1.95%

Oil:     up   at    $57.40

27 February 2019

1) Venezuela has 1,700,000% inflation rate, its money now so worthless that the people are now using the Columbia Peso to do business such as paying for labor and buying goods. This has come about because so many Venezuelans are buying what supplies they can get from Colombia.

2) Wal-mart announced they will no longer employ store greeters. This was a job that many handicapped people could do, and there are thousands of disabled workers whose jobs will be lost with limited prospects of re-employment. No reason was given, but the slump in big box retailing was most likely a significant factor.

3) The Central Bank Chief warns that dangers are brewing ahead, the bank closely watching the situation. While the current economy is heathy, fears of the impact of China’s and Europe’s economic future are of particular concern from effects of Brexit and trade negotiations. Also considers the Federal debt making an unstable economic environment.

4) 26 FEB 19 Stock market closings:

Dow               26,057.98    down    33.97
Nasdaq            7,549.30    down      5.16
S&P 500           2,793.90    down      2.21

10 Year Yield:    down   at    2.64%

Oil:    up  at   $55.93    up   at    0.43

10 January 2019

1) Presently, China and other foreign investors hold more than 30% of America’s debt.

2) Economic computer models shows that today, there are the same economic flaws and problems found in the 2008 crash.

3) A survey finds that many millennials expect to die without paying off debt. For the age group of 18 to 34, they have a debt of $32,000 excluding home mortgage.

4) 9 JAN 19 Stock market closings:

Dow             23,879.12    up    91.67
Nasdaq         6,957.08    up    60.08
S&P 500        2,584.96    up     10.55 

10 Year Yield:    up   at    2.73%

Oil:     down   at    $52.16

EFR Podcast Episode #19: 2017 Yearly Wrap Up & Review (Bitcoin,Trump’s Republican Tax Bill, & China Debt)

By: Economic & Finance Report

Mega host Sammy BE (Bizman Bassey) co host James Lymon, along with Jon Don Sterling (on the boards), wrap up 2017 with a year end review on the economy, business and finance.

They engage on topics ranging from Bitcoin, stocks profits/declines, Trump’s Republican tax bill (which he signed into law before Christmas began), our military & manufacturing sector encompassing a strong nation and our huge deficit and/or debt to China(in the $$$trillions$$$ of dollars)……

This year has seen its share of ups and downs in the economic & financial stratosphere but overall the year turned out to be a learning experience, as every year before it should be. Only time can tell what the new year (2018) will bring.

One thing is for sure 2018 shall surely be one that is newsworthy on the economic, financial and business front, and as it develops we will report on it, discuss it, and of course podcast it… The EFR Podcast show… Happy New Year 2018.

Remember to tune in, and continue to #Stay Blessed & #God Bless…

Website Platforms To Check Out:

1) www.instagram.com/EcoFireTV

2)www.twitter.com/EcoFireTV

3) www.Economic&FinanceReport.com (Economic & Finance Blog Site)

4)@Economic-FinanceReport (Podcast/Online Show)

5)www.youtube.com/channel/UCWZo5bug…Nlb2VRfDCQ/videos (EFR.Tv Youtube Ch)

6)www.SammyBuysHomes.com (Real Estate Investment)

7) www.TraderSoul.com (Financial Trading Website)

PUERTO RICO’S CASINO BUSINESS IS BACK, THOUGH POWER MAY NOT BE !!!!!!!!!!!!!!!

By: Economic & Finance Report

Approx. 13 of the 18 casino’s operating in Puerto Rico are restored; after the devastation that rocked the US island that houses close to 4 million people. Department of Tourism in Puerto Rico, has indicated that cruise and hotel accommodations are nearly restored, insisting that cruises have started departing in and out of ports and harbors.

It’s highly interesting to say the least because more then 85% of the general populace in Puerto Rico is without power and electricity, so the tourism aspect of this revelation is somewhat surprising. Puerto Rico’s tourism accounts for more then $2 billion annually toward the island’s revenue, so at the same token if tourism can get up to speed in production, travelers may revel to tour Puerto Rico, as they have done before Hurricane Maria occured.-SB

Standard & Poor Downgrades Brazil’s Debt Credit To “Junk Status”

Brazil credit rating

By: Economic & Finance Report

Standard and Poor downgraded Brazil’s debt credit to “Junk”. The Bovespa stock index fell 0.33% Thursday, by end of the day. Brazil must cut spending and expenditures to increase stability to its economy.

President Dilma Rousseff discussed alternatives and options with her economic team, on finding certain solutions to the downgrade by Standard & Poor’s… One of the main options discussed was cutting spending drastically. Economically, Brazil is already over ten billion dollars in debt. Inflation is north of 10% and unemployment has risen drastically, over the course of a few years time.-SB

POWER COMPANY ASSOCIATION INDICATES DOMINICAN REPUBLIC OWES THEM $800 MILLION FOR POWER SUPPLY USAGE..

dr

By: Economic & Finance Report

The Dominican Electricity Industry Association (ADIE) has specified to the Dominican Republic that it is owed $800 million dollars for power supply usage at national electrical plants  and facilities. The association has indicated that the government owes power supply producers the vast of the $800 million due. They have threatened to cut of power and electricity on the island if the money is not soon to be repaid.

 Govt analyst believe a sure blackout could occur, and would put a halt on the activities and largely effect the economy in DR. The government in DR has not paid the power suppliers for more then eight months, and the association does not want to extend anymore credit or “produce anymore lifelines for the country”, until they are fully paid.

So far government officials have not come with any solution on how to finance nor start repaying the power suppliers. -SB

GREECE STILL NEGOTIATING WITH CREDITORS ON ITS DEBT!!!!!

Greek debt pt 2 pic

By Economic & Finance Report

Greece is still in negotiations with creditors about the debt it has encountered. Finance Minister, Yanis Varoufakis has indicated that the country is close in securing deals with many of its creditors and resuming relations with its creditors. 

Greece still may be facing bankruptcy because of the risk of defaulting on their international creditors. In June, Greece finance treasury has to start repaying  back  the IMF (International Monetary Fund) and the ECB (European Central Bank). As currently Greece will have to choose in either paying back the IMF & ECB or paying off their own citizens pensions and wages.  -SB

PUERTO RICO BONDHOLDERS GET HUGE WIN IN COURT!!!!!!!

Puerto Rico Debt

By: Economic & Finance Report

Puerto Rico bondholders attained a huge legal win in Puerto Rico Supreme Court. The case  involved bondholders to follow an unconstitutional Puerto Rico restructuring law. The law would have required the bondholders  to accept restructuring law guidelines, as Puerto Rico figures ways to reduce their financial debt.

The bondholders in the case, Investment funds from OppenheimerFunds Inc, and Franklin Resources Inc, hold 1.5 billion dollars worth in Puerto Rico municipal bonds. A federal judge in San Juan, sided with the plaintiffs (bondholders) indicating that US Constitution and the federal bankruptcy law takes precedence over Puerto Rico’s restructuring law.

As of press time and of the current ruling of the case, the Puerto Rico government has stated that they were looking into the decision of the case and that they would be deciding what action to take on the ruling.

-SB