By Gary Gordon: Non-cyclical stock sectors (e.g., consumer staples, health care, utilities, etc.) often do well when there are concerns about economic growth. Indeed, exchange-traded funds representing one or more components of the non-cyclical arena have been the key drivers in the broader U.S.
By Sunil Shah:On 8 November 2011, insurance industry software developer Ebix Inc. (EBIX) hosted a conference call to disclose results for the September quarter. It was excellent: management was confident, assertive and delivered the report with mounting conviction about the company's future prospects.
An exchange I had last week with Econbrowser reader (and world-renowned scholar) Simon van Norden may be of interest to broader readers, so I lift it here from the comments:
Under the current economic circumstances, what mix of fiscal and monetary policy do you think would be desirable?
It's your friend's birthday! Want to buy them a Starbucks card? That's the latest way Facebook is trying to get users, used to posting simple, free birthday wishes on friends' walls, to spend money instead.
There's one aspect of Starbucks tax-dodging that hasn't had the attention it should. To see it, ask: who loses when multinationals don't pay tax? The answer is not just the Exchequer, but the small businesses competing with the big firms. The independent cafe owner competing with Starbucks is already at a disadvantage because Starbucks size allows it to bear losses and to buy in bulk.