Description: AbbVie for years delayed competition for its blockbuster drug Humira, at the expense of patients and taxpayers. The monopoly is about to end. Source: NYTimes.com Date: Jan 28, 2023 Link: https://www.nytimes.com/2023/01/28/business/humira-abbvie-monopoly.html Questions for discussion: Summarize the issues related to how businesses, governments, insurance companies and consumers are connected to the drug Humira. Is this… Read more »
Posts Categorized: Economic Analysis
The 2023 stock market rally is facing its first technical challenge: Morning Brief
Description: As we’ve been writing, this year’s market action has been a reversal of one of last year’s most important trends, which saw the Dow outperform the Nasdaq by the widest margin in two decades.This year, the Nasdaq is now up 8%, substantially outperforming the Dow’s return of just under 2%. Source: Yahoo.Finance.com – video report Date: Jan… Read more »
Bank of Canada strategy to tame inflation is out of date, says economist
Description: Economist Armine Yalnizyan says the kinds of inflationary pressures that exist today make it extremely difficult for the Bank of Canada to tame inflation to about 2 per cent through interest rate hikes. Source: CBC.ca – video report Date: Jan 26, 2023 Link: https://www.cbc.ca/player/play/2165279811808 Questions for discussion: Summarize the key points made by Armine… Read more »
U.S. stocks flash rare bull-market signal for first time in nearly 3 years, but some have their doubts
Description: Chart watchers question indicator’s reliability Source: MarketWatch.com – video report Date: Jan 19, 2023 Link: https://www.marketwatch.com/story/stocks-flash-rare-bull-market-signal-for-first-time-in-nearly-3-years-but-some-have-their-doubts-11674079952 Questions for discussion: What is the basis for this technical analysis? Why is there doubt by some analysts? What do you think the analysis suggests about the market?
Filmmaker Oliver Stone slams environmental movement over ‘destructive’ actions on nuclear
Description: The environmental movement’s stance on nuclear power was “wrong” and derailed the sector’s development, according to the filmmaker Oliver Stone. Source: CNBC.com – video report Date: Jan 18, 2023 Link: https://www.cnbc.com/2023/01/18/oliver-stone-slams-environmental-movement-over-actions-on-nuclear.html Questions for discussion: Summarize the arguments revolving around development of nuclear energy. Do you believe someone like Oliver Stone can be an influence… Read more »
David Rosenberg: Permabear to turn into a bull sooner than you think
Description: David Rosenberg took Breakfast with Dave on the road with a live event in Toronto hosted by Rosenberg Research in partnership with the Financial Post. The Year of the Rabbit: Hopping out of the Hole! took an in-depth look into the global financial markets and the economic outlook for 2023. Source: Yahoo.Finance.com/FinancialPost.com Date: Jan 19,… Read more »
Swiss central bank posts biggest loss in its 116-year history
Description: The Swiss National Bank on Monday reported a loss of 132 billion Swiss francs ($143 billion) for the 2022 financial year, citing preliminary figures. It represents the biggest loss in the central bank’s 116-year history and equates to roughly 18% of Switzerland’s projected gross domestic product of 744.5 billion Swiss francs. Its previous record loss was… Read more »
Why Thursday’s U.S. CPI report might kill stock market’s hope of inflation melting away
Description: A mild stock market rally to kick off the new year will be put to the test.. Source: MarketWatch.com Date: Jan 11, 2023 Link: https://www.marketwatch.com/story/why-thursdays-u-s-cpi-report-might-kill-stock-markets-hope-of-inflation-melting-away-11673449025?mod=home-page Questions for discussion: What does the report say about the expectations for Fed action on interest rates? How do you expect the markets to behave if this proves to… Read more »
People are leaving Canada’s biggest cities amid a housing crunch
Description: Canada’s largest cities are getting bigger and more expensive, forcing hundreds of thousands of people to search for affordable housing elsewhere.Toronto, the country’s biggest urban center, saw nearly 100,000 people leave the area, with 78 per cent choosing to settle in other parts of the province over a one-year period to July 1, according… Read more »
How health insurance may have made health care more expensive
Description: Widespread medical debt is a uniquely American problem. Roughly 40% of U.S. adults have at least $250 in medical debt, according to a survey conducted by Kaiser Family Foundation. Source: CNBC.com – video report Date: Jan 08, 2023 Link: https://www.cnbc.com/2023/01/08/how-health-insurance-may-have-made-health-care-more-expensive.html Questions for discussion: What is the explanation presented in this report for higher health care… Read more »
