16 May 2019

1) Markets continue to rise as President Trump delays the actual implementation of auto tariffs. Reportedly, the tariffs are to be delayed for up to six months. Other news helped push the markets up, such as Boeing expects to have its 737 MAX software fix released soon.

2) Monet’s ‘Meules’ is now the most expensive painting ever sold at auction. The painting sold for $110.7 million dollars after an eight minute bidding war at Sotheby’s in New York. This is a crushing return on investment, which was bought for $2.56 million dollars in 1986, giving a return on investment of 4,300%.

3) Prior to the new tariffs, China’s economy was slowing down, showing the fragility of the world’s second largest economy. China’s industrial output, retail sales and investment have slowed more than economist expected. With the faltering of credit coupled with slowing consumption at home, combining with a weaker global economy translates into China running out of steady growth right when it’s most needed.

4) 15 MAY 19 Stock market closings:

Dow                  25,648.02    up    115.97
Nasdaq               7,822.15    up      87.65
S&P 500              2,850.96    up      16.55

10 Year Yield:    down   at    2.38%

Oil:    up   at    $62.13

13 May 2019

1) Trump’s tariffs went into effect today, at first driving the markets down, but then they recovered to all close high. Trumps statement that talks with China will continue pushed the markets up, while also leaving open the possibility that the tariffs may be soon removed. The tariffs went from 10% to 25% on $200 billion dollars of Chinese imports.

2) With the new tariffs on China, there are concerns for the U.S. economy and that the threat of an increased trade war between China and U.S. will cause a drop in both China’s and American’s GDP (Gross Domestic Product). Declines in GDP is not expected to be limited to America and China, but the global GDP could also suffer too.

3) The apparent contraction of consumerism continues with more than 6,200 stores to close this year. For the last couple of years, the retail industry has been rocked by the number of store closures. The list of retailers include such big names as Payless ShoeSource, Family Dollar, Gap, Victoria’s Secret, Office Depot and OfficeMax, Kmart, CVS, Pier 1 Imports, Bed and Bath, Lowe’s, JC Penny’s and even Walmart.

4) 10 MAY 19 Stock market closings:

Dow               25,942.37    up    114.01
Nasdaq           7,916.94    up        6.35
S&P 500          2,881.40    up      10.68

10 Year Yield:    unchanged   at    2.46%

Oil:    up   at    $61.71

5 April 2019

1) German economic forecast for growth has been reduced as foreign industrial orders fall. Last year, Germany narrowly skirted a recession. The forecast for economic growth was reduced from 1.8% down to 1.0% due to slower global economic growth and the uncertainties from Brexit.

2) There are about 54,000 bridges in America which need urgent repair, and it’s estimated it will take 80 years to rebuild them. The report by the American Road and Transportation Builders Association says that about 9% of the highway bridges are deficient with 174 million vehicles crossing each day. On a rating scale of 0 to 9, a rating of 4 or below is considered deficient.

3) Oil prices briefly topped $70 for the best grade of crude oil, but was unable to hold because of signs of tightening global supplies plus uncertainty over world economic outlook. Prices were pushed up by forecast of declining OPEC exports.

4) 4 APR 19 Stock market closings:

Dow           26,384.63          up     166.50
Nasdaq        7,891.78     down        3.77
S&P 500       2,879.39           up        5.99

10 Year Yield:    down   at    2.51%

Oil:    up   at    $62.18

THE CAST PODCAST EPISODE #4: MONEY, MEDIA & MANAGEMENT Feat. MELINDA SANTIAGO (SANTIAGO FIRM)

THE CAST PODCAST… Back at it again, with another banging episode for your ears. Sammy BE @EcoFireTV & Luisa L. @LuisaModels, along with Jon Don Sterling “On The Boards” @TheDramaBlock.

On this podcast episode, we had a special guest interviewee. Our guest happens to be a super manager in the music and entertainment game, her clientele ranges from Bobby V. (Bobby Valentino), Houston, Texas rap legend Scarface (Gheto Boys), R&B duo group Ruff Endz, as well as her other major accolades; we were able to interview Ms. Melinda Santiago from (The Santiago Firm).

Melinda was able to give THE CAST PODCAST, insight into the music biz and particularly on how she runs her business. She provided context of what young artists (Millennials, Gen Z) need to do to be heard and gain exposure to a global audience.

She also provided the ups and downs of the entertainment business, and the struggles women have in the music business; but also the strong backbone she has, to be able to survive and progress in this male dominated business and industry.

This is an episode you surely do not want to miss.

As always #BEBless #StayBless #GODBLESS #RealRecognizeDeal

Online Platforms To Check Out:

1) www.instagram.com/EcoFireTV (Sammy BE)
www.twitter.com/EcoFireTV

2) www.instagram.com/LuisaModels (Luisa L.)
www.twitter.com/LuisaModels

3) www.EconomicandFinanceReport.com (Economic & Finance Blog)

4) www.soundcloud.com/Economic-FinanceReport (Podcast/Online Show)

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

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

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

23 January 2019

1) The electric car manufacturer Tesla announced a 7% cut of their full-time staff. The company faces very difficult times ahead in selling affordable renewable energy products, in part because the ending of some tax credits.

2) China economic growth slows down to 6.6%, the lowest in 25 years, with a forecast of 6.3% for this year. China constitutes one third of the global growth.

3) The International Monetary Fund cuts world economic growth forecast because of the risk stemming from Brexit as well as China’s slowing growth.

4) 22 JAN 19 Stock market closings:

Dow                      24,404.48             down     301.87
Nasdaq                   7,020.36             down     136.87
S&P 500                  2,632.90             down       37.81

10 Year Yield:      down   at    2.73%

Oil:     up    at    $53.02

30 November 2018

1) President Trump goes to G20 conference amid concerns for the near and far future of world economies, as countries are withdrawing into nationalism and protectionism.  While flying to the conference, Trump tweeted his cancellation of meeting Putin because of Russia’s recent aggressive actions against Ukraine.

2) Because of sever shortages of pork, a result of widespread disease in Chinese hog herds, China has resumed buying pork from America despite the trade war.

3) The pharmaceutical company Bayer announced plans to cut 12,000 jobs as a result of the Monsanto takeover.  This action is a result of restructuring because of losing a massive lawsuit over the weedkiller Roundup.

4) 29 NOV 18    Stock market closings:   The three day market rally ends.

Dow                           25,338.84       down          27.59
Nasdaq                        7,273.08       down          18.51
S&P 500                       2,737.76       down            6.03

10 Year Yield:      down   at    3.04%

Oil:         down   at    $51.33

The Problems Millennials are Facing

A list of the problems the Millennials and Z-Generation are now facing in their future.

James Lyman BSAE, BSEE, MSSM

The youth of America, the millennials and Z-Generation, are now facing a number of serious problems that are shaping their lives and future, both near and far term.  Here is a short list of the most profound and critical problems they are facing:

1) Obsolescence Technology is growing exponentially, doubling every fifteen years.  Most Americans are failing to advance, that is, most have gone no further than the nineteenth century.  Therefore, more and more Americans are unable to make substantive contributions to society.

2) Technology Displacement Going hand in hand with Obsolescence is displacement by technology.  The replacement of humans by machines and technology, leaving people with minimal to no jobs.  Each passing day, more of America’s youth are not needed, not wanted, not having any real value to society.

3) Diminishing Resources The availability of resources such as natural minerals and resources, water, energy, oil . . . in particular the oil, and negative resources of pollution and trash is a continual source of problems for young Americans, both for shortages in domestic America and world competition to obtain and hold those resources.

4) Increasingly Threatening World With the end of the cold war, many felt that world peace was finally at hand, but increasingly there are threats of war across the world.  The Middle East, China and the Pacific Rim, Russia and the adjacent Eastern European countries, all are tender boxes where armed conflict can erupt. In these modern times, wars are no longer isolated affairs, instead ripples reach out across the world to affect other nations at least economically.

5) Fragile World Economies Much to the consternation of many Americans, young and old, America’s economy is tightly coupled with other country’s economies across the world, friend and foe. And it’s been this way since the start of the twentieth century, having become increasingly more interdependent.  The economies of countries such as Italy, Spain, Greece, Portugal and China are prime examples of countries with fragile economies, where sever economic problems or collapse will have profound impact on many other countries including the United States.

6) Climate Change There is a lot of daily debate about global warming and climate change, much of it revolving around people’s aversions to the high technology world they are trying to live in.  What the scientist are saying in Scientific American and Science News is that yes, there probably is climate change, the extent and effects unknown, and yes human activity may be a factor, but how much is unknown.  As with so many problems, there is a false perception of climate change being a political problem.  It’s a political problem if and only if, the legislative process has significant control over the forces driving the problem.  Climate change is a result of massive over population of a species- and that’s US . . . the 7.5 billion humans now living. The political systems does not have any real control over the most important forcing function of this problem.

7) Government Nonperformance As with any other organization, the larger the organization becomes, the more sluggish and non-responsive it becomes. This very much holds true for governments . . . Federal, state and local. Nonperformance translates into not addressing problems faced by the people. You seldom hear any government people talking about things like technology displacement and obsolescence of people, indeed they are usually very careful to avoid the topics. Yet, these and other subjects are having a very profound effect on the future of most Americans, and the younger they are, the more likely a detrimental impact to their lives.

8) Stability of American Economy Probably the most important and critical factor for the young people of America is how stable the economy remains.  The near collapse of the world’s economies in 2008 shows how susceptible people of all economic strata, are to the stability of economies.  Anytime there are upheavals in the business world, then fissures and holes open up which allows technology to flow into the economy creating obsolete people and their displacement by technology.

There are other lesser problems on this list, but those listed above are most profoundly effecting the greatest number of people, and will most likely aversely impact the future of the millennials and Z-Generation.  While Obsolescence and Technology Displacement are at the top of the list, which they rightly should be, both are interleaved with all the other problems to some extent.  One factor that is greatly hindering any real progress in addressing these problems, is the assumption that all problems are a political problem which can be addressed with the techniques of political activism.  You see that with the global warming problem, where advocates are using the techniques of political activism, such as public education, spots on news stories to cultivate public opinion, countering any challenges in public debate, campaigning for political support and meeting with political leaders to garner their support. All fine and well, but as pointed out in item 6, Climate Change, the principle driving force of the problem is massive over population, and the political process has no real effective control over that.

And this highlights the real problem for millennials and the Z-generation, and that’s the poor education and problem solving skills of so may who are involved with the above list.  Failing to first identify the forces acting on a system shows a near complete lack of real problem solving skills, thus ensuring failure of any attempts to address problems.  And that’s really where the young of America stand today . . . a number of very serious problems which is detrimental to their generation . . . and no one able to really address any of those problems.

23 November 2018

1) Global economic slowdown is due to rising interest rates and the trade war. The international slowdown is faster for other nations than for America, while England’s growth rate is slowing because of the additional problem of Brexit.

2) Government funding may run out on the seventh of December, when Congress might shut down the government over the boarder wall funding.

3) Worries are growing about high corporate debt, which might cause economic problems in the future, with corporate debt now totaling nine trillion dollars. Furthermore, increasing interest rates on debts may pull corporations down who are unable to service that debt. Corporate debt has double over the last decade.

4) 21 NOV 18    Stock market closings:

Dow                        24,464.69       down        0.95
Nasdaq                     6,972.25             up     63.43
S&P 500                    2,649.93             up       8.04

10 Year Yield:      up   at     3.06%

Oil:       up    at      $54.72

20 November 2018

New article posted below, titled “Recession Worries?”

1) China-United States APEC summit ends without a joint statement, a result of US-China tensions.  US warns other Asian nations about investing in Chinese infrastructure, specifically China’s ‘Belt and Road’ project, and becoming overwhelmed with debt.

2) Survival of four major retailers may be determined by sales this Christmas season. Sears, JC Penny and Barnes & Noble, and while Toys-‘R’-Us has already closed all its stores, it is trying to capitalize on its name brand.

3) The volatile stock markets give fears among older retirees of a possible crash, resulting in lost of their savings.  The baby boomer’s savings have not recovered from the 2008 crash.

4) 19 NOV 18    Stock market closings:   Stock market dragged down by major losses of five large technology companies.

Dow                       25,017.44               down      395.78
Nasdaq                    7,028.48               down      219.40
S&P 500                   2,690.73               down         45.54

10 Year Yield:    down   at    3.06%

Oil:    up   at    $57.40

8 November 2018

1) Russia stands to be the beneficiary of the Iran oil ban from newly imposed sanctions, with Moscow taking over Iran’s customers while defying sanctions to import Iranian oil.  Although Russia-Iran trade will be by barter only, there will still be high profits for Russia.

2) The Democrats taking control of the House probably means no new consumer legislation because of expected ‘grid lock’ of the legislative branch, meaning little to no new regulation of lending, student loan debt, service and financial protection.  No new taxes are expected by business, which should therefore continue economic stimulation.

3) Price of oil sinks from the swelling of US oil inventories. There is too much supply with more oil coming into the market too fast.

4) 7 NOV 18    Stock market closings:   The Dow exploded over Tuesday’s election results.

Dow                          26,180.30     up    545.29
Nasdaq                       7,570.75     up    194.79
S&P 500                       2,813.89    up       58.44

10 Year Yield:       down   at    3.21%

Oil:     down   at    $61.73