Harper (publisher)

OracleDC™ Challenges the Status Quo in Asset Management

Retrieved on: 
tisdag, februari 27, 2024
SAN, Emotion, The Intelligent Investor, Pessimism, CFA, Harper (publisher), CEPA, Fear, Optimism, Intelligence, Retail

SAN DIEGO, Feb. 27, 2024 /PRNewswire/ -- In the wake of the recent S&P 500 highs, Dunham & Associates Investment Counsel Inc. ("Dunham") has introduced a new webpage for its flagship investment strategy, OracleDC™, showcasing how advisors and investors can discover the groundbreaking investing approach that seeks to navigate the complexities of market volatility without emotionally-driven distractions.

Key Points: 
  • OracleDC utilizes a proprietary algorithm named the "Dykmans Curve," developed by Ryan J. Dykmans, CFA, Chief Investment Officer of Dunham.
  • It aims to disrupt traditional investment approaches by Buying Fear and Selling Greed.
  • OracleDC was inspired by Warren Buffett's timeless advice, "Be fearful when others are greedy and be greedy when others are fearful."
  • 1
    Buffett's own wisdom was influenced by the insights of Benjamin Graham, regarded as the "father of value investing.

Gas price shocks and euro area inflation

Retrieved on: 
tisdag, februari 13, 2024
Transfer, Person, Marques, OPEC, Interval (mathematics), Policy, NBER, Research Papers in Economics, The Economic Journal, Danmarks Nationalbank, Socialism, Energy transition, VIX, Canadian International Council, Paper, E30, Great, Macroeconomics, VAR, Central bank, Balke, Quarterly Journal, Q43, Census, Elasticity, USD, Projection, PMI, Social science, Hou, Bank of France, Topa, Fertilizer, Electricity, SSRN, University, A.5, Section 2, Natural gas, COVID-19, Swings, Overalls, Rotation, Journal of Monetary Economics, Harmonization, Title Transfer Facility, Pain, Ferrari, Uncertainty, Statistics, Medical classification, C50, Harper (publisher), Democracy, Shock, IMF, TTF, Fed, PPI, Power, European Central Bank, Monetary economics, Temperature, Section 3, E31, Nature, Food, Local, Joseph Schumpeter, Website, Energy economics, Speech, DeSantis, GDP, Rigidity, BVAR, Confidence interval, Money, Refinitiv, Bank, Baumeister, Pressure, Oil, Deutsche Bundesbank, International Energy Agency, Employment, Section 4, GIZ, C54, Sun, ECB, European Economic Association, Weather, A.9, Quarterly Journal of Economics, Exercise, HICP, Technical report, Attention, Literature, Journal of Applied Econometrics, Reproduction, International economics, Political economy, Absorption, Joseph Stiglitz, Unemployment, Journal, American Economic Review, Index, Section 5, Business, IP, Bachmann, Research, Federal Reserve Bank, Government, PDF, IWH, Complexity, Failure, Energy Information Administration, Explosive

We document

Key Points: 
    • We document
      how gas price fluctuations have a heterogeneous pass-through to euro area prices
      depending on the underlying shock driving them.
    • How do gas price shocks feed through to euro area
      inflation, and is the pass-through shock-dependent?
    • We analyse the importance of gas price shocks
      for euro area inflation in two steps.
    • We identify three structural shocks driving European gas prices,
      inspired by the literature on oil but tailored to the European gas market: (i) a gas supply
      shock, which reduces the supply of natural gas to the European market, increases the
      gas price and lowers gas inventories; (ii) an economic activity shock, which lifts demand
      for gas due to higher economic production, and finally (iii) a shock to gas inventories,
      when gas prices are driven by precautionary demand by gas companies.
    • First, all three identified shocks are
      important drivers of gas price dynamics, but they differ in how persistently they push

      ECB Working Paper Series No 2905

      2

      up gas prices.

    • The effect on euro area HICP of a shock to gas supply is more
      persistent and somewhat higher than when gas prices are driven by economic activity
      shocks.
    • A final key finding is that the pass-through of gas market shocks to euro area inflation
      appears non-linear.
    • The unprecedented volatility of gas prices
      contributed to the inflation problem in the euro area, with the gas price shocks feeding
      through producer prices, wages and persistently lifting core inflation.
    • More expensive
      energy contributed substantially to the rise in inflation in Europe during 2022.2

      Figure 1: Gas price and euro area Harmonized Index of Consumer Prices.

    • How do gas price shocks feed through to euro area
      inflation, and is the pass-through shock-dependent?
    • For instance, about 75% of gas imports to the euro area arrives
      through pipelines, making gas imports difficult to substitute and gas markets subject to
      3

      See for example the evidence by Rubaszek and Uddin (2020) for the US economy.

    • We analyse the importance of gas price shocks for
      euro area inflation in two steps.
    • We identify three structural shocks driving European gas prices,
      inspired by the literature on oil but tailored to the European gas market: (i) a gas supply
      shock, which reduces the supply of natural gas to the European market, increases the
      gas price and lowers gas inventories; (ii) an economic activity shock, which lifts demand
      for gas due to higher economic production, and finally (iii) a shock to gas inventories,
      when gas prices are driven by precautionary demand by gas companies.
    • First, all three identified shocks are
      important drivers of gas price dynamics, but they differ in how persistently they push
      up gas prices.
    • But when gas prices are driven by
      inventory demand shocks, the price effect typically dies out within one quarter.
    • A final key finding is that the pass-through of gas market shocks to euro area inflation appears non-linear.
    • The unprecedented volatility of gas prices
      contributed to the inflation problem in the euro area, with the gas price shocks feeding
      through producer prices, wages and persistently lifting core inflation.
    • (2022) and Alessandri and Gazzani (2023) identify gas supply shocks using VAR models,
      finding that gas price shocks lead to persistent increases in headline inflation.14 Ba?bura
      et al.
    • (2023) find positive effects of gas price shocks on core inflation in a BVAR for
      the euro area that includes one type of gas shock along a longer list of macroeconomic
      shocks.
    • 3.1

      Data

      For the gas market BVAR model, we use gas quantities, gas prices, gas inventories and
      euro area industrial production, as displayed in Figure 2.

    • (2015) to optimize

      ECB Working Paper Series No 2905

      13

      the posterior distribution.16 The vector Y includes the European gas quantity proxy, gas
      inventories, the European gas price benchmark and euro area industrial production.

    • As demand for gas increases, the gas price also rises
      while inventories fall as agents use gas in storage to partially satisfy higher demand.
    • Shocks to gas
      quantities driven by gas supply or inventory shocks tend to revert to pre-shock levels after
      around five to seven months, while economic activity shocks lead to a more long-lived
      increase in gas demand.19 Dynamics in gas inventories are more similar across shocks.
    • 3.4

      Historical events in the European gas market

      Before analysing the transmission of the different types of gas shocks to euro area prices,
      we show how the model interprets the unprecedented gas price rise in 2022 in terms of
      driving factors, and compare it with previous historical episodes of heightened gas price
      volatility as a way of validating the model.

    • Inventory shocks play a
      slightly smaller role, accounting for 17% of gas quantity and 23% of gas price fluctuations
      while the residual component (i.e.
    • 4

      Pass-through of gas price shocks to consumer prices

      The pass-through of gas price shocks to inflation is likely to be multi-faceted.

    • We first consider four outcome variables y: the European gas price, euro area HICP,
      core HICP and energy HICP.
    • Third, depending on the driving factor, gas price increases can pass through to core
      inflation in the euro area.
    • The results underline that gas price shocks can have important implications for inflation in the euro area ? depending on the driving factor of higher gas prices.
    • Casoli, C., Manera, M., and Valenti, D. ?Energy shocks in the euro area: disentangling
      the pass-through from oil and gas prices to inflation?.

'The Giving Tree' on a Forever Stamp

Retrieved on: 
fredag, april 8, 2022
Pinterest, Post, Family, LinkedIn, A Light in the Attic, Poetry, Playboy, Literature, Post office, Sale, Adult, News, Shel Silverstein, Grammy Awards, Mail, United States Postal Service, Harper, Chicago White Sox, Language, Nashville Songwriters Hall of Fame, USPS, School, The Giving Tree, Every Thing Will Be Fine, Broadway, The Postal Service, Twitter, Where the Sidewalk Ends, The New York Times, Facebook, YouTube, Child, Newsroom, United States Postal Inspection Service, Instagram, Harper (publisher), Entertainment, Toy

CHICAGO, April 8, 2022 /PRNewswire/ -- The Shel Silverstein Forever stamp — featuring artwork from one of his most famous books, "The Giving Tree" — was dedicated today at Darwin Elementary, one of the schools he attended as a child.

Key Points: 
  • CHICAGO, April 8, 2022 /PRNewswire/ -- The Shel Silverstein Forever stamp featuring artwork from one of his most famous books, "The Giving Tree" was dedicated today at Darwin Elementary, one of the schools he attended as a child.
  • It was also clear that his many readers young and old alike loved him for his clever word play.
  • The Shel Silverstein Forever stamps are issued in panes of 20 and will always be equal in value to the current First-Class Mail 1-ounce price.
  • Silverstein's "The Giving Tree," published in 1964 by Harper & Row, is about a friendship between a motherly tree and a boy.

USPS To Release Shel Silverstein Stamp

Retrieved on: 
måndag, mars 7, 2022
YouTube, Nashville Songwriters Hall of Fame, Harper (publisher), Literature, Adult, Poetry, Pinterest, The Postal Service, USPS, Twitter, United States Postal Service, Broadway, Instagram, A Light in the Attic, LinkedIn, Where the Sidewalk Ends, Shel Silverstein, Harper, Sale, Mail, The Giving Tree, Every Thing Will Be Fine, Mark (given name), The New York Times, Newsroom, Post office, Post, Child, United States Postal Inspection Service, Facebook, Grammy Awards

Dedication ceremony attendees are encouraged to rsvp at: usps.com/shelsilverstein

Key Points: 
  • Dedication ceremony attendees are encouraged to rsvp at: usps.com/shelsilverstein
    The extraordinarily versatile Shel Silverstein (19301999) was one of the 20th century's most imaginative authors and illustrators.
  • The best-selling tale of selflessness, which is accompanied by the author's elegantly simple black-and-white illustrations, is considered a classic of children's literature.
  • Postal Service media resources, including broadcast-quality video and audio and photo stills, visit the USPS Newsroom .
  • Subscribe to the USPS YouTube channel , like us on Facebook and enjoy our Postal Posts blog .

BDV Solutions Secures Private Equity Investment from Astara Capital Partners

Retrieved on: 
torsdag, december 16, 2021
Solution, BDV, Annie Jarraud-Vergnolle, Family, LLC, Goal, Harper (publisher), Leadership, Investment, Program, Maintenance, Congress, Food, Employment, News, Financial services, Health insurance

GREENVILLE, S.C., Dec. 16, 2021 /PRNewswire-PRWeb/ -- BDV Solutions , a tech-enabled, turnkey provider of employment-based immigration services to foreign nationals and employers whose solutions help resolve labor shortages across the United States, today announced that New York-based Astara Capital Partners , LLC, a middle-market private equity firm, has acquired a majority stake in the company.

Key Points: 
  • GREENVILLE, S.C., Dec. 16, 2021 /PRNewswire-PRWeb/ -- BDV Solutions , a tech-enabled, turnkey provider of employment-based immigration services to foreign nationals and employers whose solutions help resolve labor shortages across the United States, today announced that New York-based Astara Capital Partners , LLC, a middle-market private equity firm, has acquired a majority stake in the company.
  • Founded in 2011 by CEO Britt Vergnolle, BDV Solutions helps source employment for foreign nationals via the federal government's EB-3 green card program.
  • "To secure this kind of investment in the future of our company from a trusted, proven partner like Astara is exciting and incredibly rewarding for our whole BDV family.
  • Astara Capital Partners is an integrated team of investors and operators investing in the middle market.