Charlie’s month-end reading list

Here are a few of the latest topics of interest at Fort Pitt Capital Group: The first piece, “Nuclear power subsidies inch forward in Pennsylvania as natural gas industry digs in” is from the Natural Gas Index’s daily news. The article describes a group of Pennsylvania lawmakers advocating taxpayer subsidies…

Charlie’s month-end reading list

Here are some of the latest topics of interest at Fort Pitt Capital Group: The first article, “China’s manufacturing powerhouse Guangdong suspends PMI data release as numbers slide,” is from U.S. News & World Report. A Chinese export hub, Guangdong, has stopped publishing monthly economic data at the “request” of…

The Pottery Barn Economy

Back in 2002, then U.S. Secretary of State Colin Powell had a very blunt and direct way of framing the dilemma over invading Iraq. He called it the Pottery Barn rule: “You break it, you bought it,” he said. Powell’s phraseology ultimately proved prophetic - presaging a painful chapter in American…

Charlie’s month-end reading list

Here are some of the latest topics of interest at Fort Pitt Capital: The first piece, “We Wanted Safer Banks. We Got More Inequality” in Bloomberg, discusses how stricter regulations and the Fed have hurt the middle class. The article highlights scholar Karen Petrou and her theory that after the…

Charlie’s month-end reading list

Here are some of the latest topics of interest at Fort Pitt Capital: The first piece, “Inside Facebook’s Election ‘War Room’” in The New York Times, discusses Facebook’s attempt to protect elections from hackers and “fake news”. A newly-built dashboard is set to spot and track unusual activity on the…

The asteroid and the portfolio manager

Fidelity Investments has finally done it. The large Boston-based fund manager recently cut the management fees on two of their index-oriented stock mutual funds to zero—nada—NOTHING. Their arch rival Vanguard Group pioneered cheap, index-based investing in 1974. Forty-four years later, after decades of competitive innovation, fee-cutting and marketing hocus between…

Charlie’s month-end reading list

Here are some of the latest topics of interest at Fort Pitt Capital: The first piece, “Turkey’s Crisis exposes the Perils of Strongman Rule” in The New York Times, discusses why an inflationary crisis is especially dangerous in a populist regime run by a “strongman”. According to a 2008 study,…

Charlie’s month-end reading list

Here are some of the latest topics of interest at Fort Pitt Capital: The first article, “Whirlpool Wanted Washer Tariffs. It Wasn’t Ready for a Trade Showdown” in the Wall Street Journal, discusses the implications of the tariffs on the washing machine industry. Washer and dryer prices have climbed 20…