Long ago I was told the tale of an ancient shaman who, approached by a woman who seemed incapable of bearing a child, suggested she sleep with her husband on a lion’s hide. Lo and behold she gave birth shortly thereafter to a son. A curious friend who also was barren asked her what caused the miracle. Thereupon she too visited the shaman, was given a tiger’s hide,
America’s central bank increased the overnight interest rate (called the Fed Funds Rate) on Wednesday. This is the Federal Reserve’s sixth hike since they began raising rates in December 2015. At the time, Janet Yellen led the institution; four subsequent increases happened under her watch. On February 5, 2018, Jerome Powell assumed the office, and he now has his f
Happy Friday! Markets continued swinging throughout the week and could probably use some rest this weekend. After a relatively quiet period last year, 2018 has ushered in a new regime of volatility. However, this is quite standard; it was 2017’s quiescence which was abnormal. Market indicators continue suggesting the path of least resistance is up, but Atlas is not complacent.
Atlas' Monday note covered the most recent employment report. If you did not have a chance to see it or want to reference it, click here. One of the more positive developments to come out of the report was an increase in average hourly earnings. This is an important statistic because it sug
Last year will go down as record setting. The number of global billionaires increased by more than ever before. According to a study by Oxfam there were 2043 billionaires in the world at year’s end 2017, with a new one now being minted every two days. When juxtaposed against some of the poorest people on earth, this growth rate seems to be a bit much; Oxfam estimates bil