But the interest rates that the model generates would have
an impact on asset prices, and the willingness to build homes, many of which would be excess.
There was a genuine unwillingness to consider that monetary policy could have
an impact on asset prices — we only have to worry about goods price inflation and unemployment!
If so, increasing the supply of bonds should have a significant depressing
impact on asset prices and the economy.
The impact on asset prices from such a shift in policy gears in the Eurozone would likely dwarf any negative bond price effects.
Not exact matches
Important factors that could cause actual results to differ materially from those reflected in such forward - looking statements and that should be considered in evaluating our outlook include, but are not limited to, the following: 1) our ability to continue to grow our business and execute our growth strategy, including the timing, execution, and profitability of new and maturing programs; 2) our ability to perform our obligations under our new and maturing commercial, business aircraft, and military development programs, and the related recurring production; 3) our ability to accurately estimate and manage performance, cost, and revenue under our contracts, including our ability to achieve certain cost reductions with respect to the B787 program; 4) margin pressures and the potential for additional forward losses
on new and maturing programs; 5) our ability to accommodate, and the cost of accommodating, announced increases in the build rates of certain aircraft; 6) the effect
on aircraft demand and build rates of changing customer preferences for business aircraft, including the effect of global economic conditions
on the business aircraft market and expanding conflicts or political unrest in the Middle East or Asia; 7) customer cancellations or deferrals as a result of global economic uncertainty or otherwise; 8) the effect of economic conditions in the industries and markets in which we operate in the U.S. and globally and any changes therein, including fluctuations in foreign currency exchange rates; 9) the success and timely execution of key milestones such as the receipt of necessary regulatory approvals, including our ability to obtain in a timely fashion any required regulatory or other third party approvals for the consummation of our announced acquisition of Asco, and customer adherence to their announced schedules; 10) our ability to successfully negotiate, or re-negotiate, future
pricing under our supply agreements with Boeing and our other customers; 11) our ability to enter into profitable supply arrangements with additional customers; 12) the ability of all parties to satisfy their performance requirements under existing supply contracts with our two major customers, Boeing and Airbus, and other customers, and the risk of nonpayment by such customers; 13) any adverse
impact on Boeing's and Airbus» production of aircraft resulting from cancellations, deferrals, or reduced orders by their customers or from labor disputes, domestic or international hostilities, or acts of terrorism; 14) any adverse
impact on the demand for air travel or our operations from the outbreak of diseases or epidemic or pandemic outbreaks; 15) our ability to avoid or recover from cyber-based or other security attacks, information technology failures, or other disruptions; 16) returns
on pension plan
assets and the
impact of future discount rate changes
on pension obligations; 17) our ability to borrow additional funds or refinance debt, including our ability to obtain the debt to finance the purchase
price for our announced acquisition of Asco
on favorable terms or at all; 18) competition from commercial aerospace original equipment manufacturers and other aerostructures suppliers; 19) the effect of governmental laws, such as U.S. export control laws and U.S. and foreign anti-bribery laws such as the Foreign Corrupt Practices Act and the United Kingdom Bribery Act, and environmental laws and agency regulations, both in the U.S. and abroad; 20) the effect of changes in tax law, such as the effect of The Tax Cuts and Jobs Act (the «TCJA») that was enacted
on December 22, 2017, and changes to the interpretations of or guidance related thereto, and the Company's ability to accurately calculate and estimate the effect of such changes; 21) any reduction in our credit ratings; 22) our dependence
on our suppliers, as well as the cost and availability of raw materials and purchased components; 23) our ability to recruit and retain a critical mass of highly - skilled employees and our relationships with the unions representing many of our employees; 24) spending by the U.S. and other governments
on defense; 25) the possibility that our cash flows and our credit facility may not be adequate for our additional capital needs or for payment of interest
on, and principal of, our indebtedness; 26) our exposure under our revolving credit facility to higher interest payments should interest rates increase substantially; 27) the effectiveness of any interest rate hedging programs; 28) the effectiveness of our internal control over financial reporting; 29) the outcome or
impact of ongoing or future litigation, claims, and regulatory actions; 30) exposure to potential product liability and warranty claims; 31) our ability to effectively assess, manage and integrate acquisitions that we pursue, including our ability to successfully integrate the Asco business and generate synergies and other cost savings; 32) our ability to consummate our announced acquisition of Asco in a timely matter while avoiding any unexpected costs, charges, expenses, adverse changes to business relationships and other business disruptions for ourselves and Asco as a result of the acquisition; 33) our ability to continue selling certain receivables through our supplier financing program; 34) the risks of doing business internationally, including fluctuations in foreign current exchange rates, impositions of tariffs or embargoes, compliance with foreign laws, and domestic and foreign government policies; and 35) our ability to complete the proposed accelerated stock repurchase plan, among other things.
In the opinion of the Company's management, adjusted book value per share is useful in an analysis of a property casualty company's book value per share as it removes the effect of changing
prices on invested
assets (i.e., net unrealized investment gains (losses), net of tax), which do not have an equivalent
impact on unpaid claims and claim adjustment expense reserves.
Actual results, including with respect to our targets and prospects, could differ materially due to a number of factors, including the risk that we may not obtain sufficient orders to achieve our targeted revenues;
price competition in key markets; the risk that we or our channel partners are not able to develop and expand customer bases and accurately anticipate demand from end customers, which can result in increased inventory and reduced orders as we experience wide fluctuations in supply and demand; the risk that our commercial Lighting Products results will continue to suffer if new issues arise regarding issues related to product quality for this business; the risk that we may experience production difficulties that preclude us from shipping sufficient quantities to meet customer orders or that result in higher production costs and lower margins; our ability to lower costs; the risk that our results will suffer if we are unable to balance fluctuations in customer demand and capacity, including bringing
on additional capacity
on a timely basis to meet customer demand; the risk that longer manufacturing lead times may cause customers to fulfill their orders with a competitor's products instead; the risk that the economic and political uncertainty caused by the proposed tariffs by the United States
on Chinese goods, and any corresponding Chinese tariffs in response, may negatively
impact demand for our products; product mix; risks associated with the ramp - up of production of our new products, and our entry into new business channels different from those in which we have historically operated; the risk that customers do not maintain their favorable perception of our brand and products, resulting in lower demand for our products; the risk that our products fail to perform or fail to meet customer requirements or expectations, resulting in significant additional costs, including costs associated with warranty returns or the potential recall of our products; ongoing uncertainty in global economic conditions, infrastructure development or customer demand that could negatively affect product demand, collectability of receivables and other related matters as consumers and businesses may defer purchases or payments, or default
on payments; risks resulting from the concentration of our business among few customers, including the risk that customers may reduce or cancel orders or fail to honor purchase commitments; the risk that we are not able to enter into acceptable contractual arrangements with the significant customers of the acquired Infineon RF Power business or otherwise not fully realize anticipated benefits of the transaction; the risk that retail customers may alter promotional
pricing, increase promotion of a competitor's products over our products or reduce their inventory levels, all of which could negatively affect product demand; the risk that our investments may experience periods of significant stock
price volatility causing us to recognize fair value losses
on our investment; the risk posed by managing an increasingly complex supply chain that has the ability to supply a sufficient quantity of raw materials, subsystems and finished products with the required specifications and quality; the risk we may be required to record a significant charge to earnings if our goodwill or amortizable
assets become impaired; risks relating to confidential information theft or misuse, including through cyber-attacks or cyber intrusion; our ability to complete development and commercialization of products under development, such as our pipeline of Wolfspeed products, improved LED chips, LED components, and LED lighting products risks related to our multi-year warranty periods for LED lighting products; risks associated with acquisitions, divestitures, joint ventures or investments generally; the rapid development of new technology and competing products that may impair demand or render our products obsolete; the potential lack of customer acceptance for our products; risks associated with ongoing litigation; and other factors discussed in our filings with the Securities and Exchange Commission (SEC), including our report
on Form 10 - K for the fiscal year ended June 25, 2017, and subsequent reports filed with the SEC.
Valuations of risky
assets are still stretched, and liquidity mismatches, leverage, and other factors could amplify
asset price moves and their
impact on the financial system.
When the two intersect, we try to figure out the
impact that government policy might have
on asset prices.
The outsized
impact that the statements had
on asset prices around the world is notable for a number of reasons.
In our inaugural Global Macro Outlook, we assess the potential for more fiscal easing in key economies, and gauge the
impact on global growth and
asset prices.
The authors include no corporate tax detail, no recognition of the
impact of the tax proposal
on asset prices, and no treatment of the budget consequences of tax cuts.
Jean assesses the potential for more fiscal support in key economies, as well as the
impact on global growth and
asset prices.
Important factors that may affect the Company's business and operations and that may cause actual results to differ materially from those in the forward - looking statements include, but are not limited to, increased competition; the Company's ability to maintain, extend and expand its reputation and brand image; the Company's ability to differentiate its products from other brands; the consolidation of retail customers; the Company's ability to predict, identify and interpret changes in consumer preferences and demand; the Company's ability to drive revenue growth in its key product categories, increase its market share, or add products; an impairment of the carrying value of goodwill or other indefinite - lived intangible
assets; volatility in commodity, energy and other input costs; changes in the Company's management team or other key personnel; the Company's inability to realize the anticipated benefits from the Company's cost savings initiatives; changes in relationships with significant customers and suppliers; execution of the Company's international expansion strategy; changes in laws and regulations; legal claims or other regulatory enforcement actions; product recalls or product liability claims; unanticipated business disruptions; failure to successfully integrate the Company; the Company's ability to complete or realize the benefits from potential and completed acquisitions, alliances, divestitures or joint ventures; economic and political conditions in the nations in which the Company operates; the volatility of capital markets; increased pension, labor and people - related expenses; volatility in the market value of all or a portion of the derivatives that the Company uses; exchange rate fluctuations; disruptions in information technology networks and systems; the Company's inability to protect intellectual property rights;
impacts of natural events in the locations in which the Company or its customers, suppliers or regulators operate; the Company's indebtedness and ability to pay such indebtedness; the Company's dividend payments
on its Series A Preferred Stock; tax law changes or interpretations;
pricing actions; and other factors.
That said, people with higher incomes and higher net worth tend to be sensitive to the
impact of interest rates changes
on asset prices.
Because some
asset prices may fall more abruptly than they rise, and because the effects of downward moves in
asset prices on demand may be larger due to the greater negative
impact of deflation
on the net worth of borrowers — witness the United States in the 1930s or Japan in the 1990s, the case for adjusting monetary policy in response to negative
asset price shocks is commonly considered more compelling than in the alternative context.
The test should be the size and circumstances of the
asset price moves and their
impact on the forecast relative to the central banks» objectives, not the direction of the
asset price move.
Many factors could cause BlackBerry's actual results, performance or achievements to differ materially from those expressed or implied by the forward - looking statements, including, without limitation: BlackBerry's ability to enhance its current products and services, or develop new products and services in a timely manner or at competitive
prices, including risks related to new product introductions; risks related to BlackBerry's ability to mitigate the
impact of the anticipated decline in BlackBerry's infrastructure access fees
on its consolidated revenue by developing an integrated services and software offering; intense competition, rapid change and significant strategic alliances within BlackBerry's industry; BlackBerry's reliance
on carrier partners and distributors; risks associated with BlackBerry's foreign operations, including risks related to recent political and economic developments in Venezuela and the
impact of foreign currency restrictions; risks relating to network disruptions and other business interruptions, including costs, potential liabilities, lost revenues and reputational damage associated with service interruptions; risks related to BlackBerry's ability to implement and to realize the anticipated benefits of its CORE program; BlackBerry's ability to maintain or increase its cash balance; security risks; BlackBerry's ability to attract and retain key personnel; risks related to intellectual property rights; BlackBerry's ability to expand and manage BlackBerry ® World ™; risks related to the collection, storage, transmission, use and disclosure of confidential and personal information; BlackBerry's ability to manage inventory and
asset risk; BlackBerry's reliance
on suppliers of functional components for its products and risks relating to its supply chain; BlackBerry's ability to obtain rights to use software or components supplied by third parties; BlackBerry's ability to successfully maintain and enhance its brand; risks related to government regulations, including regulations relating to encryption technology; BlackBerry's ability to continue to adapt to recent board and management changes and headcount reductions; reliance
on strategic alliances with third - party network infrastructure developers, software platform vendors and service platform vendors; BlackBerry's reliance
on third - party manufacturers; potential defects and vulnerabilities in BlackBerry's products; risks related to litigation, including litigation claims arising from BlackBerry's practice of providing forward - looking guidance; potential charges relating to the impairment of intangible
assets recorded
on BlackBerry's balance sheet; risks as a result of actions of activist shareholders; government regulation of wireless spectrum and radio frequencies; risks related to economic and geopolitical conditions; risks associated with acquisitions; foreign exchange risks; and difficulties in forecasting BlackBerry's financial results given the rapid technological changes, evolving industry standards, intense competition and short product life cycles that characterize the wireless communications industry.
An interesting fact about this trading approach is that a lot of financial institutions are basing their positions
on the same pivot point and buying and selling large volumes, which has a direct
impact on the
price changes of the
assets.
Strategic Total Return continues to carry a duration of about 3.5 years in Treasury securities (meaning that a 100 basis point move in interest rates would be expected to
impact the Fund by about 3.5 %
on the basis of bond
price fluctuations), and holds about 10 % of
assets in precious metals shares, and about 5 % of
assets in utility shares.
-- FOMC minutes show uncertainty and concern about markets are affecting officials» decision - making — Officials were cautious when evaluating market conditions and the «damaging effects
on the economy» — Worry about «potential buildup of financial imbalances» and a sharp reversal in
asset prices» — Members seem oblivious to
impact of inflation
on households and savings — Physical gold and silver remain the only
assets for real diversification and safety
Tax cuts always effect
assets prices, regulations are estimated to account for up to 35 % of building new construction costs for homes in some locations and though federal deregulation may not
impact local regulations as much it does have a multiplier effect
on the economy just like a tax cut does and anticipation of an infrastructure plan the scale of this administration's, though it hasn't been passed, would also have an anticipatory effect
on leading indicators like stocks and other commodities that raise costs, which we have already seen.
Every two weeks a new video is uploaded describing something important going
on in the global economy, and how that's likely to
impact asset prices.
Steve Johnson appears
on Sky Business discussing US 10 year bond yields, that have risen above 3 % and the potential
impact of this
on the economy and
asset prices.
Now, if market participants were to shift to a passive approach in the practice of
asset allocation more broadly — that is, if they were to resolve to hold cash, fixed income, and equity from around the globe in relative proportion to the total supplies outstanding — then we would expect to see a similarly positive
impact on the market's absolute
pricing mechanism, particularly as unskilled participants choose to take passive approaches with respect to those
asset classes in lieu of attempts to «time» them.
Strategic Total Return continues to carry a duration of about 3 years in Treasury securities (meaning a 100 basis point move in interest rates would be expected to
impact Fund value by about 3 %
on the basis of bond
price fluctuations), with about 10 % of
assets in precious metals shares, and about 5 % of
assets in utility shares.
Nevertheless, the exposure of what is effectively a new
asset class to the Islamic world is bound to have a significant
impact on world gold
prices going forward.
But it's equally important to note that a gradual rise in interest rates can still have an
impact on financial markets and
asset prices.
Examples of these risks, uncertainties and other factors include, but are not limited to the
impact of: adverse general economic and related factors, such as fluctuating or increasing levels of unemployment, underemployment and the volatility of fuel
prices, declines in the securities and real estate markets, and perceptions of these conditions that decrease the level of disposable income of consumers or consumer confidence; adverse events
impacting the security of travel, such as terrorist acts, armed conflict and threats thereof, acts of piracy, and other international events; the risks and increased costs associated with operating internationally; our expansion into and investments in new markets; breaches in data security or other disturbances to our information technology and other networks; the spread of epidemics and viral outbreaks; adverse incidents involving cruise ships; changes in fuel
prices and / or other cruise operating costs; any impairment of our tradenames or goodwill; our hedging strategies; our inability to obtain adequate insurance coverage; our substantial indebtedness, including the ability to raise additional capital to fund our operations, and to generate the necessary amount of cash to service our existing debt; restrictions in the agreements governing our indebtedness that limit our flexibility in operating our business; the significant portion of our
assets pledged as collateral under our existing debt agreements and the ability of our creditors to accelerate the repayment of our indebtedness; volatility and disruptions in the global credit and financial markets, which may adversely affect our ability to borrow and could increase our counterparty credit risks, including those under our credit facilities, derivatives, contingent obligations, insurance contracts and new ship progress payment guarantees; fluctuations in foreign currency exchange rates; overcapacity in key markets or globally; our inability to recruit or retain qualified personnel or the loss of key personnel; future changes relating to how external distribution channels sell and market our cruises; our reliance
on third parties to provide hotel management services to certain ships and certain other services; delays in our shipbuilding program and ship repairs, maintenance and refurbishments; future increases in the
price of, or major changes or reduction in, commercial airline services; seasonal variations in passenger fare rates and occupancy levels at different times of the year; our ability to keep pace with developments in technology; amendments to our collective bargaining agreements for crew members and other employee relation issues; the continued availability of attractive port destinations; pending or threatened litigation, investigations and enforcement actions; changes involving the tax and environmental regulatory regimes in which we operate; and other factors set forth under «Risk Factors» in our most recently filed Annual Report
on Form 10 - K and subsequent filings by the Company with the Securities and Exchange Commission.
The interest rate level has a significant
impact on the functioning of the economy as a whole, influencing exchange rates, inflation, market rates,
asset prices and the expectations and confidence of the market.
«We found that being part of an ecosystem has
impacts on the natural capital
asset value, or the
price of natural capital,» said Fenichel.
Any interest rate increase
on the borrowed money can not significantly
impact a person's ability to pay off the debt, or they may be forced to liquidate the
asset at unfavourable rate /
prices.
Strategic Dividend Value is hedged at about half the value of its stock holdings, and Strategic Total Return continues to hold a duration of just over 3.5 years (meaning that a 100 basis point move in interest rates would be expected to
impact Fund value by about 3.5 %
on the basis of bond
price fluctuations), with less than 10 % of
assets in precious metals shares, and about 5 % of
assets in utility shares.
Analysts seem to expect the dollar to continue strengthening while gold
prices fall as the market zeros in
on the negative correlation between these two
assets, highlighting its importance over other factors
impacting gold
prices.
In addition, to the extent the Fund has significant holdings in a particular regulated industry, regulatory changes affecting that industry may have an adverse
impact on the
prices of securities of companies in that industry, thereby adversely affecting the net
asset value of the Fund.
By definition, a stock's hidden
assets have had little
impact on its
price.
Strategic Total Return continues to carry a duration of about 3 years (meaning that a 100 basis point move in bond yields would be expected to
impact the Fund by about 3 %
on the basis of bond
price fluctuations), with about 10 % of
assets in precious metals shares, and a few percent of
assets in utility shares.
Steve Johnson appears
on Sky Business discussing US 10 year bond yields, that have risen above 3 % and the potential
impact of this
on the economy and
asset prices.
As equity funds invest in stocks, any change in share
prices will have a corresponding
impact on the Net
Asset Value (NAV) of the fund.
Short term financing, where the portfolio's «market value» gets measured
on a daily basis has a much bigger
impact, because as
prices fall, liquidation of
assets can feed a collapse of
prices.
By definition, a stock's hidden
assets have not had much
impact on its
price.
Liquid investments or
assets are defined as those that can be converted into cash quickly and without great
impact on the
price of the
asset.
Valuations of risky
assets are still stretched, and liquidity mismatches, leverage, and other factors could amplify
asset price moves and their
impact on the financial system.
The study is titled «
Impacts of Variable Renewable Energy
on Bulk Power System
Assets,
Pricing, and Costs».
As one of the world's biggest cryptocurrency markets, South Korea has an oversized
impact on how digital
assets are
priced.
We're willing to bet that the number of participants that will enter based
on the former altered situation is far smaller than the number that will enter based
on the latter (i.e., the number of longs is going to dramatically outweigh the number of shorts) and, in turn, the net
impact of a bitcoin futures market
on the
price of the underlying
asset will be very much bullish.
Stronger job growth over the past year is beginning to have an
impact on office building valuations, as Moody's / RCA Commercial Property
Price Indices (CPPI) registered an 8.6 percent increase in
prices for office
assets in Central Building...
Flat
pricing on retail
assets is one of many headwinds for the «problematic» sector, says Costello, adding, «We hear a litany of problems every day — that
impacts what investors will do in the sector.»
In assessing the impairment, the analysis of the broader situation may include information from news reports,
on - site personnel and trends in market indices such as Case - Schiller for house -
price impacts or publically - traded debt or security instruments with similar risk exposure to the
impacted area or
asset class.
«Yet, because of this common misconception, we're seeing an
impact on pricing for all retail
assets.»