Search

Newsclips

The Mechanics Of The Debt Ceiling

July 18, 2017

Bloomberg Markets – Treasury Reassures Markets About Secret Debt-Ceiling Plan Treasury Department officials called bond traders and their advisers on Friday to assure them that the Trump administration isn’t considering prioritizing U.S. debt payments if Congress fails to increase the nation’s borrowing authority later this year, according to two people familiar with the matter. The calls… Continue reading The Mechanics Of The Debt Ceiling

Newsclips

“Cash On The Sidelines”, Again

July 18, 2017

Business Wire – BlackRock Reports Second Quarter 2017 Diluted EPS of $5.22, or $5.24 as adjusted “BlackRock’s second quarter results reflect the trust our clients continue to place in our global investment and technology platform,” commented Laurence D. Fink, Chairman and CEO of BlackRock. “While significant cash remains on the sidelines, investors have begun to put… Continue reading “Cash On The Sidelines”, Again

---

Newsclips

EM Debt In Global Indices

July 18, 2017

The Financial Times – Emerging markets shunned by global bond indices “EM fixed income markets are woefully under-represented in global bond market indices,” says Jan Dehn, head of research at Ashmore, an emerging markets-focused asset manager, who estimates that EMs account for 58 per cent of global economic output, based on purchasing power parity, and $21.6tn… Continue reading EM Debt In Global Indices

Newsclips

OPEC Suffers A Blow To Output Agreement

July 18, 2017

Bloomberg – An OPEC Country Breaks Ranks and Increases Oil Output Ecuador has dealt a blow to OPEC unity by announcing it will start raising oil production this month, arguing it needs the money. OPEC has for years cheated on its own agreements, particularly when oil prices fail to recover after an output cut. But… Continue reading OPEC Suffers A Blow To Output Agreement

---

Newsclips

The Fed’s Inflation Target Continues To Slip Away

July 18, 2017

Bloomberg – Fed’s Long-Run Miss of Inflation Goal Undermines Rate Hike Case When Federal Reserve policy makers were debating the adoption of an inflation target five years ago, the hawks pushed for a 1.5 percent goal as the best way to meet the central bank’s price stability mandate. Then-Chair Ben Bernanke and his lieutenant Janet… Continue reading The Fed’s Inflation Target Continues To Slip Away

Newsclips

China’s Economy

July 18, 2017

The Wall Street Journal – The Problem With China’s Economic Growth China touted its buoyant economic expansion this year as evidence it can reduce debt without harming growth. But the outlook appears hazier when considering the property market’s outsize role in the economy, jittery consumers and signs that significant deleveraging hasn’t fully set in. Beijing said… Continue reading China’s Economy

---

Newsclips

Online vs. Retail Sales

July 18, 2017

The Financial Times – Will the death of US retail be the next big short? For a small band of hedge funds that slapped down prescient bets against the tottering US housing market, the financial crisis was the biggest money-spinner in generations. Some investors think they have now found the next “big short” in the retail… Continue reading Online vs. Retail Sales

Newsclips

Cartoons

July 18, 2017

---

Newsclips

Inflation Data Undermining the Fed’s Plans

July 17, 2017

Bloomberg – Inflation Data Weakens the Fed’s Case for Another Hike Officials in show-me camp want evidence before another hike Over two days of congressional testimony this week, Yellen stuck to the Fed’s outlook for gradually rising inflation that would support additional hikes in their policy rate. That was before Friday’s consumer price index report that… Continue reading Inflation Data Undermining the Fed’s Plans

Newsclips

The Biggest Disruption Yet … Electric Cars?

July 17, 2017

  Bloomberg.com – Big Oil Just Woke Up to Threat of Rising Electric Car Demand OPEC quintupled forecast for battery powered cars in last year Oil majors and automakers diverge on outlook for EVs Growing popularity of EVs increases the risk that oil demand will stagnate in the decades ahead, raising questions about the more than… Continue reading The Biggest Disruption Yet … Electric Cars?

---

Newsclips

Acknowledging That Tech Is The Future Of Business

July 17, 2017

The Wall Street Journal – Can the Tech Giants Be Stopped? Google, Facebook, Amazon and other tech behemoths are transforming the U.S. economy and labor market, with scant public debate or scrutiny. Changing course won’t be easy. Sometimes it is hard to grasp how quickly the giant tech companies have come to dominate the world economy.… Continue reading Acknowledging That Tech Is The Future Of Business

Newsclips

How To Lose A Couple Billion Dollars In A Few Short Years: Take On The Oil Markets

July 17, 2017

The Wall Street Journal – From $2 Billion to Zero: A Private-Equity Fund Goes Bust in the Oil Patch A $2 billion private-equity fund that borrowed heavily to buy oil and gas wells before energy prices plunged is now worth essentially nothing, an unusual debacle that is wiping out investments by major pensions, endowments and… Continue reading How To Lose A Couple Billion Dollars In A Few Short Years: Take On The Oil Markets