The Traderszone Network

The head of Morgan Stanley’s joint venture in China is stepping down, a person familiar with the matter said.
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Verizon Communications Inc.

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A group of lawmakers will recommend that Prime Minister Shinzo Abe proceed with a sales tax increase as scheduled next year while asking the Bank of Japan to finance additional government spending.
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Beta is a metric that compares a stock’s movements relative to the overall market, or a certain stock index. A high-beta stock tends to be more volatile than average, while a low-beta stock tends to be less volatile. While it’s true that high-beta stocks are typically riskier than the average stock, beta isn’t necessarily indicative of risk, as many people believe.

A stock’s beta compares its historical movements to the overall market, or a stock index — usually the S&P 500. And there are three possible categories a stock can be in, based on its beta.

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Generally speaking, your return on invested capital, or ROIC, refers to the profits you receive relative to the money you’ve invested. For example, if you spent $100,000 to start a business and you earned $20,000 in after-tax profit over the first year, your return on investment would be 20%. It’s also important to take debt into account, if applicable, as debt is also a form of capital used to fund a business’ operations.

The general formula for calculating ROIC is:

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I posted earlier on Canada’s PM Trudeau and his comments
that C$30 billion budget deficit not a hard limit
Reuters have more now, and it looks very much like JT is going to let rip with more spending:

Authored by Pepe Escobar, originally posted Op-Ed at SputnikNews.com,

Let’s start by examining what the Dragon himself – President Xi Jinping – has to say about China being largely derided in influential Beltway circles as a House of Cards.

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