Michael Strauss
Michael Strauss
Michael Straussis a British fencer. He competed in the team sabre event at the 1960 Summer Olympics...
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The Chicago PMI helped, but the economy is doing better and we know the fourth-quarter will have some of the effect of the hurricane, but the market is ready to withstand that.
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Investors are having to deal with the reality of lower corporate profits. And the stock market is starting to feel that impact.
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The equity market is going to begin focusing more on corporate earnings and may even focus on the positive benefits of a little bit of economic activity.
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The current system doesn't provide for enough visas. It's plagued with an enormous backlog and doesn't provide enough visa categories to support the U.S. economy's demand for workers.
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The sell-off in the bond markets, not only here, but in global bonds, is scaring a lot of investors. At the same time, we are seeing a rotation from some of last year's bigger gainers, such as the energy companies, and people are just taking profits on those big names.
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We support reform of the U.S. immigration system, but we also estimate about 20 percent of the current residential construction workforce nationwide is composed of foreign-born workers.