Uncategorized
Flat curve flashes warnings for US economy
Jeff Sommer of the New York Times has a very clear new article Clouds Are Forming Over the Bond Market… The most reliable signal of a coming recession is an inverted yield curve… We’re getting closer…
There’s a right way to help steel
Veteran commentator Joe Nocera has a simple thesis in his new article in Bloomberg View, The Dumb Way for Trump to Help U.S. Steelmakers… An infrastructure spending plan in the U.S. would help steelmakers and steelworkers tremendously, but hopes for passage have faded… Section 232 sanctions against foreign steel make help steelmakers in the short run, […]
China’s leverage worrisome for US
Noah Smith, a professor at Stony Brook University, has a new article in Bloomberg View: Look East to Find the Source of Next U.S. Recession… China’s debt is now 300% of GDP, a clear danger zone…
America’s defined benefit timebomb ticks away
Bloomberg’s Laurie Meisler has done an excellent survey… 43 American states have materially to drastically underfunded public pension funds… America’s Pension Bomb: Illinois Is Just the Start
Pearl of the Orient loses its lustre
An important article from Keith Bradsher of the New York Times… The headline says it all: Once a Model City, Hong Kong Is in Trouble… China’s gradual increase in control has lead to political polarization, crimping growth…
Automation is double-edged sword
It has been coming in waves… Factory automation has been improving corporate profits, but also reducing gainful employment… The opposite of the Henry Ford period, where automation drove employment… The New York Times has dubbed it Robocalypse Now?
Remembering Charles F. Feeney
Reflecting upon this NYT writeup on Charles F. Feeney, businessman and philanthropist…I had the privilege of managing money for Atlantic Philanthropies, his foundation… An inspiring person…
… Bloomberg likes bond blog
Bloomberg on Harvard historian Paul Schmelzing’ blog post on the coming bear market in bonds… Thought provoking and contrarian…
Bonds in historical perspective …
Fascinating blog post from Harvard historian Paul Schmelzing on coming bond bear market: ”Sustained double-digit losses on bond holdings”…
Pity the unloved leveraged loan
Lisa Abramowicz of the Bloomberg Gadfly has an interesting article today: Junk Loans Are Poster Children for Dying Inflation Hopes… The leveraged loan market is see-sawing between Fear and Greed…
Recent Comments