Responding to Marley Jay – A.P Markets Writer for San Antonio

By


Sampson Onwuka


Responding to by Marley Jay – A.P Markets Writer for San Antonio


- Corporate America’s problem; Falling Profit, revenue - Nov 20th, 2015


Although the problems of housing in New York and in Texas is article of leadership for wholesale failure especially the problem of affordable housing meeting targets for many houseless and homeless Americans, the State may have a more primary problem of consumptive behavior and corporate markets. This year alone heralds a new expectation in the global market with the stock market signaling a new draft strategy for investors. Marley Jay presents an argument about the claw back in stock market and the selective’ issue of primary investment., that for “…$1,000 invested in an index of S&P 500 energy stocks at the beginning of the year would be worth about $866 today, while the same amount in the S&P 500 index would be worth $1,015.” Jay leans closely enough to perennial issue of energy, that the plunge in crude oil prizes, the persistence of strong dollars, the poor Chinese numbers with over-valued stock, the issue of merger and acquisition and the possibility of exchange rated markets as reasons for the shortfalls raises the importance of Fed’s action during the month of October.


Why did result for this year - 2015 - stock earnings differ from others years and why? The question is closely tied to the obvious problems of market efficiency and failure of the market to resist the inevitable reaction to investor’s earnings driven choice. The gaps in Corporate America and its ‘falling profit’ may be a symptom of a market reverting to a mean position following a 6 year run. All numbers in market are considered useful when there is a profit at the end of day, but in the interim – numbers are not necessarily historical or earnings a guarantee year to year.


There are several things by history that a Central Bank may not likely do in October of any year – one of which is to tamper with the state of an interest rate. The argument in a hung jury on who is listening, but all experts rest their case on fund rates and the energy market. The fund rates are speculative and based in part on quarterly earnings and reports by companies, but in October and perhaps end of year, there are greater demands for result and the Fed Reserve or Central Banks can position themselves for behavioral reactions to markets and earing growth. This seemingly neglected strategy of feigning sleep during an end does not need apply, but it amount to something when in November 19TH 2015, we read Marley Jay that “… with results now in from 473 of the companies on the S&P 500 index, that the earnings news is all bad.”


We become careful to understand the obvious omission of time which year on year shows more gap than a case study from 2009. Last year the unconventional attitude of U.S Feds to expand relapsed into the problems of crude oil than energy. This year the unconventional attitude seem more conventional that the year and years before, sufficient argument on the potency of this ordinary Fed’s attitude inspire only thin statistics to perjure, but the results are a little too obvious to ignore that a dip in sensitive one crop energy markets, forms the basis of competitive advantage. It rests on the prejudice that the markets should respond to the management style of corporate America as opposed to the creative engines of U.S financial authority whose actions manufacture a frisson effect for the market.


We are sure that the author means well when he says that there are problems of ‘selective’ process in investment strategy, which a shift from momentum to fundamental markets is widening, that there are other aspects of the markets that are doing better than energy. The article states that there are, “…Big profit gains at Alphabet, Google's parent company, the video game maker Activision, health care companies and consumer giants like Netflix and Amazon….”, that  “This quarter, earnings per share for consumer discretionary companies rose 16 percent and profits for telecommunications and health care companies grew 15 percent, according to S&P Capital IQ.” To draw straw from energy markets, the markets may be doing a home run on the niche markets and pharma than energy and mining – leading the argument that Corporate America is facing a downwards spiral, does not suggest that biggest corporate America such as Crude oil or energy is any less interesting than NASDAQ.


It meets at some point that service oriented markets and policy oriented market response promotes a Laffer’s curve longer term than the temptation to respond to the relevance of accumulated style of management any given year.


It seems that the inactivity of the Feds is not without reason, that the whole economy feeding too close to the performance of stock market. This is leading one only step to a recovery process that U.S and the markets may actually be leading to full recovery since 2008 than the years between 2009 and 2015.

David Quamman and his boook - The Chimp and the River

David Quammen's The Chimp and the River



Commentary

By

Sampson I.M Onwuka

The growing need some of the daring problems of infections leads us back to the new books and new realities, with intent at helping several communities of interest in any field adjust to new ideas about an outbreak and how best to curare such epidemic.

No story is anymore compellingly than the general treatise for HIV, loosely epidermic and to some extent pandemic dealing with the problems of human immune deficiency and gradual if not sudden death of the patient. There is reason why the preventive interest of the vaccination has failed, why there is lack of interest in leading new grounds in medicine and in that direction.

Perhaps it is Obama Care and its audacity or that it came too late to healthcare, or perhaps he is just surviving a tough year with a lot at his table. 

 

There is perhaps a better reason such interest lax and why academic interpretation for the basic knowledge on medicine had to be re-interpreted for it seems that Mendel's theory and Charles Darwin's influential thesis on human and biological evolution determined the course of medicine in the last 100 years and has since dogged our approach to vaccination and to virus.

This new book by David Quammen deserves a mention, for its cursory glance invoke similar themes of Spillover by David Quammen to a point that it is not wrong to but I doubt he's position will even change on HIV and its origins, especially the inversion to the Virus' origin as Africa. His case on HIV in his book, Spillover, is biological sensitive information but do not generate enough dogma to illicit public opinion and dissent needed for intellectual trade-tackle.

One of the better books on the spiral effects of HIV at virion stage and why neglect is dangerous at any period is a book 'My Own Country; by Abraham Verghese.He probes into the delicate issue of HIV - especially among sexual deviant in Tennessee and those who suffer from the  problems of neglect in El Paso Texas. Some of the lasting information on this book is the premier issue of HIV from Primates, which we discover in David Quammen.

We cannot therefore pretend that the reasons for HIV profligate is based on anything other human activity, much of it neglect, that even if this was treated in the new book, it wouldn't matter so much on the prejudice that the current dogma on HIV is misleading and the reason why the virus still profligate in spite of the drugs available is lack of due knowledge on the origins of HIV.

The treatment is different matter but I don't recommend vaccination.

If HIV originated from other primates and Spillover to humans - it will not suffice the testicles of men and those of primates. Blood types are different so also human approach foreign entities.

 

Yet this is not the case, not nearly the case, that many few books reviewed, especially a new book on Polio virus and Jonas Salk, but this is a tackle on the damaging influence of institutional error which has stagnated the progress of Final Chapters on HIV.

If we borrow from Spillover by the same author David Quammen who grew up in Chicago, as a measure of 'How AIDS Emerged', we will not fail to suggest that the issue of Edward Hooper's The River concerning the Cameron river basin where Chimps and human made contact more than once arise in his book.

Perhaps David Quammen career may end as started with surveys on biological life of creatures, with passions for origins and evolutionary pathways, but if one bound ties to another, he would be a better scientist to reconsider the nature of HIV as a blood cancer induced by the actions of a profligate virus, that a lentivirus such as HIV is a slow virus which couldn't have passed from Chimps to Human. It's science, it takes a while for us to begin to understand.

Perhaps Quammen and Dr. Susan C. Ball may have considered these possibilities, but from Quammen and his essays, he was learning too close to Thomas Curtis and his essays on the work of Hilary Kaprowski.

The enigma behind the Polio virus and monkeys and its solution is exercised, and perhaps other recent publications on HIV including a keel from Dr. Beatrice Hahn may add meaning to our understanding. Such dogma as better explicated by Edward Hooper and The River where he argued on Chimps as the origin of HIV.

At last perhaps, the disease called HIV would be solved and the puzzle well known, but this happens - before the final Chapters, there is need to look at the origination of the Virus and 'HOW AIDS EMERGED' in this case by David Quammen.

One, cannot resist the temptation of stating that the rest of the world suggest that more than $100 billion dollars has not being spent on HIV treatment and discovery - perhaps a larger sum since its beginning, and perhaps much more will be spent in the market and in this putting an end to the virus.

What scientist have failed to do is break pattern with his past, for it seems that Hooper's book in Journalistic and not scientific. But at the absence of alternative theories, we have not failed to embrace the facts as accurate.

It is here many of us quarrel over the problems we still experience with social psychology has a tendency to spoil for a few hundred thousand when the end is really possible.

 

I think there is something institutional in the resource allocation but beyond blame on the origins of the virus and its practical nature is the reality that the dick-head virus is still elusive and at large.

 

 

Madeleine O Hosli in the book titled ‘The Euro’

Sampson Onwuka

Title – The Euro 

Author -  Madleine O Hosli 

Year – 2005

Review – Sampson I. Onwuka

Madeleine O Hosli in the book titled ‘Euro’ raised the issue of price stability and EMU, in respect to the currency that the “…provisions of EMU suggest that the predominant goal of the ECB is to maintain price stability with some factors rendering this task difficult in practice – but possibly at the expense of some global exchange rate stability”, that for instance, Euro may rival Dollars, sprawling a world of competition that may affect the total market and financial stability of the world. The author goes on to argue that “If monetary policy were to be dominated by political interests, however, and political rationales were to determine the external value of the euro, for example, European monetary integration would constitute a threat to outsiders.” Why this point looks solid on paper, it looks very bad in practice; for sure the issue of threat to outsiders in terms of investment can only be possible if and when the price of Euro become expensive. Our author is not cornered by the price of currency as legislative intent of collative markets explains.

Our author provides the benefits of lending and cross-border price management, and explains also along the corridors of Barry Eichengreen the crass of international competition without landing the roles that Europe is bound to play sometime in later years of their very existence.  

We take that the pernicious idolizing of the power of responsible market defines an age, perhaps an age grappling with the questions of leadership and political meaning.  If take the Barry Eichengreen arguments the route to revolution it will explain Madeiline O Hosli European capable knocking down its rate of dependency on international markets.  Whereas the rise of economic convergence and global corporation is also Europe in make. A lesser view arises from the indwelling failure expressed in the struggle to patronize Europe by Europe – or Europe for Europe is prove that a future exist with East Europe adjusting to Western value. The value of this expectation is perhaps more political than financial, even more complex with the markets. But her points live through the power of the currency and corporate interest rate, decay with without a case study of the effects of unified currency – which is a market without friction leading to ‘Free-Fall’.  Her point about the age of Europe as old a fabric ridden to wear and tear and perhaps others things in life – a new coming - show a Europe emergent from current nationality to post-nationality. 

That being said, there are issues of real estate since in reality the strength of the Euro, may even welcome the exportation of dollars or sovereign wealth to ECB via Arab oils and dollars. The author of the book made the point about trans-border trade in Europe citing in stasis that “The European experience, as Barry Eichengreen contends, supports those suggesting that stable and extensive trade relationships are important prerequisites for a smooth functionary of the International Monetary system.” The fundamental difference between U.S banks and those of Euro is that U.S Banks are not allowed to engage in any form of securities lending from thesis, which is notionally the act of removing ‘debt from a company’s balance sheet and therefore a friend and foe of merger and acquisition common to the formative currency called Euro.  Madeiline O Hosli looks a history of ECB which was already calling the shot following the end of currency basket but leaves us unsatisfied with case studies on how Europe may even up between East and the West.

The Short View

 

                 Madeleine O Hosli. 

The book in spite of its authoritative wealth of information fall short of many stray points, that it is logically a book of social commentary by author’s with background in European history and finances, and the structure of the book run well.  Among the point made the author did not clearly address is the question and answer of Euro Banks, why are they allowed to engage in both forms of lending and in all forms of securities, irrespective of the Insurance product. Until Glass-Seagull Act of 1933, U.S Banks were allowed to participate in all forms Securities lending, to such disputable degree that the stock market failed, the banks failed as well. She argues that the case is even more profound in terms of how well Europe reacted to the rest of the world. In many ways than one, some of arguments made about money and about the steel industries is set in such a way that Europe may survive with shared responsibility than the effects Bank controlled market.

And secondly, she argues that the age and growth of European economic opportunity in terms of how well it manages local resources is closer to history of the banks and bank growth, than the informed psychology of financial institution. If we argue forward, she argues in drive-through that the Robert Mundell point about currency was necessarily a natural recourse that Europe headed to a destination that looked to collaborate than facts of banks and institutional businesses. Banks and their owners were prone to manipulating the stock market and inventing their own Rating and setting their own prices, a problem that somehow manages to make reappear in various forms. 

As such the houses and other components of the real estate rose and decline as the Banks saw fit, and when the political forces appeared, Banks will to being held responsible for leading or misleading the generality of the Public. These Banks pretty much operated like the European counterparts, but the rules set for SEC following the depression made impossible for them to act like their European counterparts. 

Thirdly, she argues in extension that there are a reason why whatever happens in Europe somehow manages to affect U.S and not just U.S but the general world. The fate of Europe could not lie in reasoned argument but a growing need to breach the gap between East and West of Europe, a gap that is the natural growth of nations and sovereign bounded by the multi-national corporations. In spite of the best things that can be said is that Glass-Seagull Act may have inadvertently worked for the benefit of American market, which if Europe is willing to adopt it may also help Europe. 

In the same view, there are ages in Europe called Feudal to Kingdoms to Baroque to Rococo, and then came the Classic age unraveling the weight of French and American Revolution that brought the idea of nationality. There are comparisons between those ages in Europe and the one that meet the world half way – the idea of Europe and its continental drift to the core.  The issue of tariff will stand, stand still when things in Europe and ECB hardly ring a bell for leadership, or say a Hilary from older past will not aspire and may perchance conquer. The idea of Europe running with scissors called financial indicators from Germany and France, may never explain that Frankfurt index is any different Berlin, that the lines that run through France differ in Paris along more to so, France. The link by rail is an eye problem that fetters imagination of market union – yet markets differ in spite of the Banks and its saturation of credit. 

The incident of AFX as an accounting failure became that much of back drop, it should have meant that the operation board were not aware of what was available the time of incident. As some experts once mentioned that we take it that George Steiner’s statement summarizes her book “…the future of the idea of Europe! If it has one, depends less on central banking and agricultural subsidies, on investment in technology or common tariffs, subsidies, on investment in technology or common tariffs, than we are instructed to believe.” Only to some extent, that there are things in money which politics cannot account for and things in life, which does not require the auditing of public interest to make say.