McKinsey

How The Coming Wave Of Job Automation Will Affect You

What percentage of the workforce is at risk of being replaced by automation? Where will the displaced find new jobs? What job skills will remain largely immune to automation? How will the US government, which is funded to the tune of 92% by income-related taxes, replace the lost revenue… a robot tax?

The Problem With Forecasts

Talk about conflicted. Just ask yourself WHY Wall Street spends BILLIONS of dollars each year in marketing and advertising trying to keep you invested at all times. Since optimism is what sells products, it is not surprising, as we head into 2017, to see Wall Street’s average expectation ratcheted up another 4.7% this year.

Global Debt Sales Hit A Record $6.6 Trillion In 2016

Courtesy of record low rates throughout most of 2016, overall debt issuance in the year rose to just over $6.6 trillion, breaking the previous annual record set in 2006. Corporations accounted for more than half of the $6.6 trillion, while the rest included sovereign bonds sold through syndication, US and international agencies, mortgage-backed securities and covered bonds.

3 Things: Retail Sales, Recurring Ignorance, & Return Reality

There was an awful lot of cheering about the recent retail sales report which showed an uptick of 0.8% which beat the analyst’s estimates of 0.6%. However, if we dig deeper behind the headlines more troubling trends emerge for the consumer which begins to erode the narrative of the "economy is doing great" and “there is no recession" in sight.

Valeant Crashes To 17 Year Lows After Warning Of "More Surprises"

The last few weeks have been a wild ride for Valeant shareholders but this morning's comments that the firm "is confident in its forecasts but there may be more surprises" has spooked investors, compounding the fact that the firm missed expectations with sales plunging 11%, and cut its sales and profit forecast for the year. VRX shares are down almost 30% in the pre-market - the lowest since Dec 1999.