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Home2018-05-14T12:08:11+00:00

The Global Market Update is curated by Douglas Tengdin, CFA an employee of Charter Trust Company.
The opinions expressed herein are those of the author and do not necessarily represent the views of Charter Trust Company.
Investments may involve investment risk, including the possible loss of value.

The Madness of Mobs

By |July 18th, 2018|

Be careful around crowds. Stadium Crowd. Photo: Abdul Rahman. Source: FlikrCC-BY-2.0 Especially if you want better investment returns. There are times when investment manias sweep through the markets, lifting anything in a particular niche or with a particular name. The internet boom of the late ‘90s, the biotech boom of the late ‘80s, the oil boom of the ‘70s, and recent crypto-craze, where anything related [...]

Wage Slaves or Labor Entrepreneurs?

By |July 17th, 2018|

Who owns our work? ADP Time Card Reader. Photo: BrokenSphere. Source: Wikimedia There’s a memorable scene from the bike-racing movie, “Breaking Away.” When a member of a teenage gang shows up for his first day of work at a car wash, his pushy new boss tells him: “Don’t forget to punch the clock, Shorty.” Offended by his supervisor’s attitude, the young man wraps his hand [...]

Lyft-ing Autos

By |July 16th, 2018|

What will Uber and Lyft do to car sales? Photo: Senator Mark Warner. Source: FlikrCC-BY-2.0 Ride-sharing has seriously impacted the taxicab business. The price of a taxi medallion – once a safe, appreciating asset – has fallen by over 80% in the last couple years. A lot of folks are concerned about what this will do to auto sales, in the US and overseas. On [...]

Getting Shanghaied?

By |July 13th, 2018|

Is Tesla turning Chinese? Photo: John Cummings. Source: Wikimedia Tesla says that it plans to set up its first non-US factory in Shanghai. It’s a logical next step for the electric vehicle maker. China is the number one electric car market in the world, with almost half a million in vehicle sales – more than twice the level in the US. Next year, Beijing will [...]

Trading Data?

By |July 12th, 2018|

Remember “Trading Places”? Photo: Jeremy Kemp. Source: Wikimedia The movie centers around commodities trading. For many folks, it’s their favorite depiction of financial markets. The director, John Landis, employed actual commodities traders as extras for several scenes of the New York Mercantile Exchange. At the movie’s climax, trading stops and the traders gather breathlessly around a television monitor, watching the Secretary of Agriculture personally read [...]

Titanic Financials

By |July 11th, 2018|

Is our financial system too big to fail, or just too big? RMS Titanic. Public Domain. Source: Wikimedia Commons With LIBOR alternatives, Ponzi schemes, and financial corruption still in the news, many folks are saying, “Stop the financial system, I want to get out!” But exiting the current financial system just isn’t practical. Sure, we could turn off our cell phones, raise our own wheat, [...]

Playing Chicken with Trade

By |July 10th, 2018|

Remember James Dean? Public Domain. Source: Wikimedia In “Rebel Without a Cause,” James Dean and a teenage rival play a game of chicken, racing two stolen cars towards a cliff. Both plan to jump out at the last moment. But the other guy’s jacket gets caught in his car door, and he goes over the cliff with his car. Sometimes trade negotiations seem like a [...]

The Movable Feast

By |July 9th, 2018|

What keeps our economy going? Photo: Rita E. Source: Pixabay Ernest Hemingway lived in Paris as a young man during the 1920s. He called it “a movable feast.” The intellectual fellowship he experienced with notable writers and artists like Ezra Pound, Gertrude Stein, F. Scott Fitzgerald, and many others stayed with him for the rest of his life. He could always look back on that [...]