Phillips 66- For Phillips 66 (NYSE: PSX) things have gone from bad to worse. After not so impressive start for the year, its shares have further crashed down nearly 6% as the company reported weak fourth quarterly results on January 29. The refining giant posted earnings of $1.31 per share for the quarter, a 20% lower than its earnings of $1.63 per share in the fourth-quarter of 2014. But, its earnings topped the consensus estimates by 5% for the quarter. The fall in its earnings can be…
In this study, a TVP-VAR model with stochastic volatility is used. Initially, the TVP-VAR model was introduced by Primiceri (2005) and Nakajima (2011) to examine the changes in the transmission of monetary policy and the changes in the variances of the exogenous shocks. This study is the first to examine the changes in the transmission of remittances shocks on inflation, savings and TFP in Saudi Arabia over the period 1970-2012. Following Nakajima (2011), we set up the TVP-VAR model with…
exciting new investment opportunity, positive feedback quickly ensues resulting in a euphoria, new risky financial products are created, corruption takes place, and then, finally, the corruption is exposed and expectations are not met resulting in a market crash. Chancellor then goes on to supplement this economic model with both a social and a political condition. I believe this model is closely replicated in the 2008 subprime…
The writer Robert Kiyosaki stated ‘What makes financial literacy and aptitude more powerful than money itself?’ which was a remarkable question written in his book ‘Rich Dad Poor Dad’, in which he explains the importance of financial literacy. Reading this book inspired me to research more about finance and lead me to choose to study it at University as I understood the huge amounts of benefits of being financially cultured such as being able to make financial decision which would save money.…
ce-battle-heats-up.html Market Challenger’s Attacking Strategies: There are five attack strategies generally used by market challangers: 1) FRONTAL ATTACK: It is a head on attack. In this strategy attacker tries to match opponent’s price, distribution and advertising strategies, it tries to convince the market that it’s product is equal or better than the opponents’. 2) FLANK ATTACK: Here the attacker tries to target the weak spots of its opponents to acquire more market. 3) ENCIRCLEMENT ATTACK:…
about the causes of Great Depression, most people will respond “the stock market”. Definitely, it’s one of the reason, and it didn't just cause people lose money, it cause way more than that. At that time period, the stock market continuously…
Great Depression unemployment was devastatingly high around 25% whereas during the 2008 stick market issue unemployment rate was around 10% is certain states (“Causes of The Great Depression”). On the other hand, in the previous question one can learn that calculating the unemployment rate is the most difficult statistic to calculate because of the unknown. Another comparison was during the stock market crash and the following of The Great Depression not a lot of Americans, if any, wanted to…
Throughout article, “Amazon.com Is a 21st Century Deal with the Devil,” by Amy Koss states that Amazon.com is just something that the devil made to win the souls of people. I believe her because many stores are going out of business because of Amazon. This means that people who worked there at the time have to find a new job because they can’t make money anymore. The reason for this is because instead of people going to the store to get what they need, they just hop on Amazon and try to find…
the United States housing market grew at a slow rate but it was a constant and consistent slow rate. This trend changed when the stock market crashed in March of 2000. The way people were investing their money after the crash changed, instead of putting their money into stocks and numbers that they couldn’t see, hold or trust, people started to invest their money into other assets that were more safe and tangible, the largest of those being new homes. Due to the stock market crash and the…
Was the Stock Market Crash of 1929 the Main Reason for the Great Depression? Introduction: Thesis: The Stock Market Crash of 1929 marked the beginning of the Great Depression. It was the catalyst for the greatest economic collapse in history. Understanding the reasons behind the Great Depression- in particular regards to how the Stock Market Crash greatly affected and commenced it- is vital to preventing any future economic depressions. Body: The result of the Stock Market Crash of 1929…