“I’m convinced that about half of what separates the successful entrepreneurs from the non-successful ones is pure perseverance.” – Steve Jobs, co-founder and CEO of Apple.
The issue is not, as Trump has claimed, outsourcing to China and Mexico—this ship has sailed; the damage is done. The real threat to jobs, especially in the manufacturing industry, is technology and automation.
It isn’t free trade that deserves the blame for the loss of certain jobs, or even the competitive labor markets in China or Mexico--it’s technology.
In this tumultuous and divisive election year, it’s comforting for investors to know that — based on 50 years of Bloomberg data — elections are generally reliable for the stock market.
Though the Turkish economy suffered what Turkish Deputy Prime Minister Mehmet Simsek termed a “knee-jerk reaction” in the immediate wake of an unsuccessful and short-lived coup attempt, investors still fear for the stability of the market.
To many investors, buying government debt seems like the smart move, because they stand to lose less than they expect to otherwise. If this trend continues, and bond prices continue to climb, investors could actually earn money by selling their bonds amongst themselves for a higher price than what they paid.
The shift from active to passive investment management may be one of this past decade’s most significant financial trends, according to a Bloomberg View article.
Last week, news broke that Air Methods, a provider of emergency air medical services was being acquired by American Securities in a $2.5 billion deal.