From the Guardian: It was 50 years ago today that Sgt Pepper taught the band to play. Which means it must also have been just under 50 years ago today that Sgt Pepper told the four lads in his band to have another crack at recording his title track: “This time a bit rougher and… Read More The post 50th Anniversary: Sgt. Pepper’s Lonely Hearts Club Band appeared first on The Big Picture.
Succinct Summations for the week ending April 28th, 2017. Positives: 1. New home sales came in at 621k, above the 588k expected. 2. Durable goods rose 0.7% m/o/m and 5.8% y/o/y. Core rose 0.2% and 3%. 3. Consumer confidence pulled back from 125 to 120, but remains very strong. 4. FHFA house price index 6.4%… Read More The post Succinct Summation of Week’s Events 4.28.17 appeared first on The Big Picture.
From David Wilson, Bloomberg News: Double-digit earnings growth is back for the S&P 500. The index’s companies are headed for a first-quarter gain of 10.1 percent, according to data compiled by Bloomberg from results and analysts’ projections. The rate accelerated last week by 0.4 percentage point and crossed the 10 percent threshold for the first… Read More The post Double Digits Earnings Growth Returns appeared first on The Big Picture.
Bruce Bartlett helped draft the 1981 tax cut while on the staff of Rep. Jack Kemp of New York. The Kemp-Roth tax bill was the basis for this legislation. He is the author of Reaganomics: Supply-Side Economics in Action, published in 1981. ~~~ Stymied by Congress’s failure to repeal Obamacare, President Trump hopes to… Read More The post Bartlett: The Republican Tax Cut Myth appeared first on The Big Picture.
My morning train reads: • The education of Donald Trump (Politico) • Ten Year Futures (Benedict Evans) • Life Is Serendipity (Santa Clara Magazine) see also Luck looms larger in success than most of us think (Cornell Chronicle) • Is Every Speed Limit Too Low? (Priceonomics) • On the generous curiosity of Jonathan Demme and how he allowed audiences… Read More The post 10 Friday AM Reads appeared first on The Big Picture.