10-05-2015, 10:17 PM
Buried deep in a routine Federal Reserve report that is notable mainly for its numbers-heavy presentation is a data point that threatens to upend the notion that Corporate America is struggling to boost earnings. The Fed’s measure of income, which happens to have moved in unison with profits for Standard & Poor’s 500 Index companies 83 percent of the time since 1992, just posted its biggest quarterly increase since 2012.
The Big Surprise About Weak U.S. Profits Is How Strong They Are - Bloomberg Business
Hussman's analysis suggests that, on average, it takes the market about 12 years to work off extreme over- or undervaluation and get back to "normal." In other words, it takes valuations about a dozen years to mean-revert.
History suggests stocks are overvalued - Business Insider
AstraZeneca, one of Britain’s largest businesses, is using a multimillion-pound tax avoidance scheme in the Netherlands, set up months after the UK relaxed its tax laws for multinationals in 2013. A Guardian investigation has found the pharmaceutical giant created the scheme using $2.7bn (£1.8bn) of internal group loans routed through its Dutch subsidiaries. The company paid no corporation tax in the UK, despite having made global profits in 2013 and 2014 totalling $4.5bn.
Revealed: how AstraZeneca avoids paying UK corporation tax | Business | The Guardian
Mr Macron had even tougher words for Germany, warning that the eurozone will disintegrate in a storm of populist revolt unless Berlin drops its vehement opposition to fiscal union and large transfers to the poorer regions. The former Rothschild banker said the currency bloc is fundamentally unworkable without a joint budget to back it up and will leave debt-stricken countries on the periphery in permanent trouble.
France signals EU treaty change to avert Brexit, warns on euro survival - Telegraph
If you ever need a little pick-me-up, one neuroscientist says he has the playlist for you. Dr. Jacob Jolij, of the University of Groningen in the Netherlands, created a playlist of feel-good and uplifting songs — and a formula for finding them.
Jolij created the most uplifting playlist - Business Insider