<Click on graphic for larger image> Bloomberg Business – Obama Economy Left Behind the Backers That Clinton Needs to Win The young people and minorities who propelled President Barack Obama into office have lagged behind the economic recovery he’s shepherded, with blacks and Hispanics continuing to lose wealth even as whites gained after the recession.… Continue reading Will Millennials Show Up For Clinton?
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Reuters – Oil falls towards $44, lowest since May, on glut worries Oil on Tuesday hit its lowest since May, falling towards $44 a barrel, pressured by concerns that a long-awaited rebalancing of the market would be delayed due to excess supply. Brent crude is still up more than 60 percent from a 12-year low… Continue reading Is Oil Becoming A Concern Again?
Don’t think people are really grasping how plausible it is that Trump could become president. It’s a close election right now. — Nate Silver (@NateSilver538) July 23, 2016 Business Insider – NATE SILVER: Donald Trump would most likely win the election if it were held today If the election were held Monday, Donald Trump would… Continue reading More On Politics
<Click on graphic for larger image> Bloomberg.com – Tracy Alloway: This Is Why Libor’s Moving Higher Money market reform sends bank borrowing rates to a post-crisis high. Charts like this — of the London Interbank Offered Rate better known as Libor — are enough to make those who remember the 2008 financial crisis shudder with… Continue reading Why Money Market Rates Are Rising
<Click on graphic for larger image> The Wall Street Journal – Stock Rebound After Brexit Vote Takes Investors Aback Rally presents a dilemma; ‘rising markets have become the pain trade’ Britain’s vote to leave the European Union surprised investors. Perhaps a greater shock: the sharp rebound in stocks since then. The U.K.’s FTSE 250 index,… Continue reading The Brexit Bounce Back
<Click on graphic chart for larger image> The Wall Street Journal – Debate Over U.S. Debt Changes Tone Fights to slash the amount of borrowing are long gone; instead the argument is whether capacity for more has increased No matter who wins the White House in November, don’t expect to hear new calls for reduced… Continue reading Do Government Debt Levels Matter?
<Click on graphic chart for larger image> The Financial Times – Bond investors wary of threat from potential ‘fallen angels’ Analysts expect more companies to complete slide from investment grade to junk Investors in the most highly rated US corporate bonds have enjoyed a buoyant 2016, with the Barclays index returning nearly 9 per cent.… Continue reading Fallen Angels
<Click on chart for larger image> Bloomberg.com – Tracy Alloway: It’s Not a Search for Yield but a Scramble for Safety Low yields have not always meant low returns in recent years. Some eight years after the financial crisis, investors are still petrified of risk assets. That statement might not ring true for anyone familiar… Continue reading Reaching For Yield
The Telegraph (UK) – The helicopters fly on for now, but one day they will crash We are sailing through uncharted waters. Interest rates have been close to zero for seven years across the developed world. Investors are paying for the privilege of lending money to their governments. Stock and bond markets, which usually move… Continue reading Helicopter Money
<Click on graphic chart for larger image> The Wall Street Journal – Best-Paid CEOs Run Some of Worst-Performing Companies Analysis by MSCI calls into question the idea that high CEO pay helps drive better results The best-paid CEOs tend to run some of the worst-performing companies and vice versa—even when pay and performance are measured… Continue reading CEO Pay Does Not Equal Performance
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