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Will Banks Prove To Be A Long-Distance Runner Or A Sprinter?

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While the banking industry is clearly in recovery mode, numerous economic and regulatory challenges continue to pressure price multiples for some of the best-known financial players. Using data provided by Thomson Reuters Bank Insight, they isolated the 10 actively traded bank stocks trading at the lowest multiples to consensus 2013 earnings estimates, among analysts polled by Thomson Reuters.

Will Banks Prove To Be A Long-Distance Runner Or A Sprinter?

What rising rates this year may mean to your finances

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Investors are losing faith in the Trump rally, and many people are anticipating more declines to come. The Fed said it’s going to raise rates three times next year and each rate hike is expected to drive more investors out of the stock market and into safer and better-yielding US Treasuries. This could make a big difference in your finances.

Key Takeaways:

  • The Federal Reserve announced Wednesday it would leave interest rates unchanged, though it still forecasts three hikes later in 2017.
  • The Fed moves could increase the cost of your debt and limit your access to credit.
  • You can prepare for those rises now by reducing your debt, grabbing low-rate offers and changing the terms of your loans.

“The Federal Reserve announced Wednesday it would leave interest rates unchanged, though it still forecasts three hikes later in 2017. The Fed moves could increase the cost of your debt and limit your access to credit.”

http://www.cnbc.com/2017/02/04/what-rising-rates-this-year-may-mean-to-your-finances.html

Resistance at All-Time Highs Holds

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Tweed, as we know it today, hearkens back to what was basically hunting camo for 19th century British royalty. Tweed is what Victorian sportsmen wore while hunting on their Scotland estates. With its durability, moisture-resistance, light-weight and warmth, tweed was the perfect material for withstanding harsh climates while looking sharp. And that encapsulates a lot of tweed’s appeal: it’s both rugged and aristocratic and it’s both casual and refined.

Resistance at All-Time Highs Holds

January’s Jobs Jump: The Trump Economy Begins

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Januarys Jobs Jump: The Trump Economy Begins Economy: The U.S. added a net 227,000 new jobs as the unemployment rate stayed at 4.8% in January, the first month of Donald Trumps presidency. Even more heartening, however, is that by the household survey a separate poll of households, rather than businesses full-time employment hit a record high in January, rising 457,000 in the month to 124.705 million. At the same time, the number of part-time jobs plunged by 490,000, a sign the part-time economy may be nearing its end and a full-time economy taking its place.

Key Takeaways:

  • The U.S. added a net 227,000 new jobs as the unemployment rate stayed at 4.8% in January, the first month of Donald Trump’s presidency.
  • So this can be seen as a tentative vote of confidence in Trump’s expressed plans for reforming and cutting taxes, removing the ObamaCare burden, and deregulating the economy — all of which, most economists agree, will boost economic growth. All in all, it looks like a good start.
  • Look at the details. Manufacturing employment, which has been in a long-term secular decline, rose 5,000 for the month. Meanwhile, government jobs fell by 10,000, perhaps reflecting job gaps as a new administration comes in and an old one departs. Still, Trump’s pledge to “drain the swamp” could lead to a more efficient, less-intrusive federal government. If so, January’s drop might be the start of a trend.

“No, none of his policies were in force for the entire month, and, yes, Obama was still in office for much of it. And we would be remiss if we didn’t note that one month is not a trend, nor should it be a prediction.”

http://www.investors.com/politics/editorials/januarys-jobs-jump-the-trump-economy-begins/