The Big Picture
NOVEMBER 26, 2022
The weekend is here! Pour yourself a mug of Danish Blend coffee, grab a seat by the fire, and get ready for our longer-form weekend reads: • Climate Change from A to Z : The stories we tell ourselves about the future. ( New Yorker ). • A comprehensive guide to how Elon Musk is changing Twitter : Mass layoffs, trolling, and check marks: How Elon Musk is running Twitter. ( Vox ) see also Twitter was special.
The Reformed Broker
NOVEMBER 26, 2022
Hope everyone’s had a happy Thanksgiving. The shot above is from our annual Turkey Bowl football match. I had one reception and spent most of the game on the line where I belong, counting mississippis and menacing their QB. We’ve been playing in this game with the neighborhood dads and kids since the boys were babies. My son and his friends are all teenagers now.
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The Big Picture
NOVEMBER 26, 2022
This week, we speak with Boaz Weinstein, the chief investment officer of Saba Capital Management LP, which Weinstein founded in 2009 as a lift-out of Saba Principal Strategies. Prior to founding Saba, Boaz Weinstein was co-head of global credit trading at Deutsche Bank, where he oversaw approximately 650 professionals. We discuss why being long volatility in an era of Fed tightening is so challenging, and why so many funds that hedged have disappointed this year.
Mish Talk
NOVEMBER 26, 2022
Worst of Its Kind? Bloomberg writer Merryn Somerset Webb says FTX Crypto Bubble Really Is the Worst of Its Kind. Investment bubbles tend to leave behind something useful when they pop. Unfortunately, crypto looks like an outlier. Webb compares the crypto bubble to the bicycle bubble of 1896 that left us with better bicycles, automobiles that were initially so slow people mocked them with "get a horse", and the DotCom bust that left us with far better technology.
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Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, email, and shared drives no longer have to slow us down. Join us as we present a "sneak peek" recorded demo of SkyStem's month-end close solution – ART. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.
Abnormal Returns
NOVEMBER 26, 2022
Environment It's now or never for nuclear power advocates. (bloomberg.com) The worse the climate gets, the more calls we will get for geoengineering. (thedailybeast.com) Human composting is the hot, new burial alternative. (axios.com) Animals Why ants will likely outlast humanity. (nytimes.com) Capsaicin-spiked nets don't deter dolphins from stealing fish.
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
Calculated Risk
NOVEMBER 26, 2022
The key report this week is the November employment report on Friday. Other key indicators include the 2nd estimate of Q3 GDP, the September Case-Shiller and FHFA house price indexes, October Personal Income & Outlays (and PCE), the November ISM manufacturing index, and November vehicle sales. Fed Chair Powell speaks on the economic outlook, inflation and the labor market on Thursday. -- Monday, November 28th -- 10:30 AM: Dallas Fed Survey of Manufacturing Activity for November.
The Irrelevant Investor
NOVEMBER 26, 2022
Articles The tech industry is experiencing a midlife crisis. (By Derek Thompson) There has to be some sort of recalibration to risk-reward, and it seems like tech is going through that right now (By Kyla Scanlon) Being irritated that the media and other investors rushed to anoint a bunch of 20-somethings with no experience as genius investors and entrepreneurs is a lot different than suspecting outright fraud, deception, The post These Are the Goods appeared first on The Irrelevant Investor.
Calculated Risk
NOVEMBER 26, 2022
At the Calculated Risk Real Estate Newsletter this week: • New Home Sales Increased in October; Completed Inventory Increased With rising cancellations, the Census Bureau overestimates sales • Lawler: Likely "Dramatic shift" in Household Formation has "Major implications" for 2023 • Final Look at Local Housing Markets in October • Case-Shiller, FHFA House Prices Indexes and Conforming Loan Limits will be released on Tuesday This is usually published 4 to 6 times a week and provides more in-depth
Steve Sanduski
NOVEMBER 26, 2022
How much money do you need? How much money do your clients need to retire? Can you ever have “enough” money? “Enough” is a fascinating word because its definition is unique to each of us, and it is a moving target. Once we reach what we thought would be “enough,” we often realize that 15% more would probably be better. It’s also hard to admit when we have enough because it leaves us with a nagging feeling that perhaps we’re quitters.
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As we step into 2024, the lending landscape evolves rapidly with technology, regulations, and market dynamics driving change. For banks and financial institutions to stay competitive and meet the evolving needs of their customers, these drivers must be understood and engaged with. Lenders can anticipate significant transformation fueled by technological advancements, regulatory shifts, and changing consumer behaviors.
Advisor Perspectives
NOVEMBER 26, 2022
The global economy’s dire and deteriorating prospects, together with the scale of the climate challenge, have apparently opened world leaders’ eyes to the risks that deglobalization poses. But it remains to be seen whether this realization will be followed by the action needed to reverse course.
Random Roger's Retirement Planning
NOVEMBER 26, 2022
There are a few topics that Barron's just loves to write about. That's not a knock, there are subjects I love to write about, I bet just about every blogger has topics that just love to write about. With Barron's, they write frequently about closed end funds, preferred stocks and convertible bonds. This week, they wrote about two of those, including convertibles.
Advisor Perspectives
NOVEMBER 26, 2022
Cracks in a key silver-lined component are creating new delays and cost overruns in the $23 billion project to prove whether nuclear fusion can generate limitless clean energy.
James Hendries
NOVEMBER 26, 2022
A list of things to consider as you think about year-end charitable donations. . With its family traditions and festive celebrations, the holiday season is the most wonderful time of the year. And according to GivingTuesday.org, the giving in the U.S. alone totaled $2.7 billion to nonprofits and community organizations on #GivingTuesday in 2021, a 6% increase from 2020.
Speaker: Joe Buhrmann, MBA, CFP®, CLU®, ChFC® Senior Financial Planning Practice Management Consultant eMoney Advisor
During an era of evolving consumer preferences, the banking sector is undergoing a profound shift. As customers continue to broaden their perspectives, banking professionals must support their customers' financial wellness by providing holistic financial advice that aligns with individual goals and circumstances. Without adapting, financial institutions will find that loyalty may crumble amid uncertainty.
Advisor Perspectives
NOVEMBER 26, 2022
Under the surface of one of the quietest weeks on Wall Street all year, some money managers are renewing speculative bets, hoping against hope that a more friendly -- or at least less-hostile -- Fed, is back in their corner.
Advisor Perspectives
NOVEMBER 26, 2022
Any time you neglect to maximize diversification, whether to chase active management, indulge personal intuition or save trouble, you need to think carefully about whether you are getting paid enough for the additional risk.
Advisor Perspectives
NOVEMBER 26, 2022
Commodities are heading for a challenging finish to a year of turmoil, with geopolitical tensions and global demand uncertainty set to buffet markets from oil to copper and crops through December.
Advisor Perspectives
NOVEMBER 26, 2022
This week, around my trip to a far-too-cold Denver, then to Dallas, and ultimately Tulsa to spend the Thanksgiving holiday with family, Keith and I did a 45-minute "interview" via Zoom. Less an interview, perhaps, than the two old friends catching up. I was surprised how many topics Keith and I aligned on perfectly, though our few disagreements about what comes next made for a great debate.
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Digital platforms can provide you with plenty of solutions, yet many are still intimidated by them. It's time to end that worry and embrace what could make a major difference for your bank. Understanding how they work and how to best utilize them for your banks is key toward success. In this article, Biz2X breaks down all things digital platforms, including the many advantages of embracing them.
Advisor Perspectives
NOVEMBER 26, 2022
Everyone seems to be paying more attention to the cost of goods and services these days. But there is one cost that many investors pay without realizing it – the cost of taxes on their portfolios. Here's why this cost matters and what you can do to help your clients avoid it.
Advisor Perspectives
NOVEMBER 26, 2022
Historic turmoil in cryptocurrency markets sparked by FTX’s implosion hasn’t stopped one funds issuer from moving forward on a new investment product tied to Bitcoin.
Advisor Perspectives
NOVEMBER 26, 2022
Presidential administrations never stay the same from beginning to end. Top personnel come and go for various reasons, and we seem to be seeing that now with the Joe Biden administration.
Advisor Perspectives
NOVEMBER 26, 2022
Americans who work remotely, either full-time or part-time, can save between $2,000 and $7,000 in transportation and work-related costs. They can also gain back the equivalent of two to three weeks per year in commuting time.
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All accounting teams know what it is like to dread the inevitable month-end scaries. If there was a way to feel less burdened and maybe even a little enthusiastic to work on your month-end close and reconciliation process, would you do it? No, don't answer that, of course you would! Automate your month-end close process by up to 40% with SkyStem's ART and see how much more alive you feel!
Advisor Perspectives
NOVEMBER 26, 2022
With the year winding down, investors might think they’ve seen it all. But one element of market dysfunction that’s largely flown under the radar is increased friction within the US Treasury market. Treasuries are experiencing a liquidity decline on the back of economic uncertainty and higher volatility, with large blocks of government debt increasingly hard to trade.
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