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Bloomberg - Hedge Funds Have Already Bled $55.9 Billion This Year - Oliver Telling 8/21/19 Investors yanked $8.4 billion in July, bringing net outflows this year to $55.9 billion, according to an eVestment report on Thursday. That’s up from $37.2 billion for all of last
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WSJ - The Trouble With Rate Cuts in China - Mike Bird 8/21/19 This week, the People’s Bank of China revealed a long-anticipated change to how commercial bank interest rates will be calculated. Revealingly, PBOC officials were at pains to stress that while the move might lower interest
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Bloomberg - BoAML: US % of Global Investment-Grade Yield - John Authers 8/19/19 Bloomberg - BoAML: US & Non-US Investment-Grade Fixed-Income Yield - John Authers 8/19/19 FT - Fears grow of Venezuela malnutrition time-bomb - Michael Stott and Gideon Long 8/20/19 “Six to eight million people
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Bloomberg - Bees Are Dropping Dead in Brazil and Sending a Message to Humans - Bruce Douglas and Tatiana Freitas 8/19/19 Around half a billion bees died in four of Brazil’s southern states in the year’s first months. The die-off highlighted questions about the ocean of pesticides
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FT - Negative yields force investors to plunge into riskier debt - Robin Wigglesworth 8/15/19 Two decades ago, well over half of the global bond market boasted yields of at least 5%, according to ICE Data Indices. The post-crisis splurge of central bank bond buying and rate cuts lowered
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In case you're wondering where all this negative debt is… WS J - Daily Shot: Deutsche Bank - Distribution of Negative Yielding Debt 8/14/19 Negative yields are spreading into Corporate debt. WSJ - Daily Shot: Deutsche Bank - Negative Yielding Corporate Bonds 8/14/19 WSJ - Daily Shot: Deutsche Bank
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WSJ - Daily Shot: Chartr - US Stock Market Daily Movements (Last 10yrs) 8/13/19 Bloomberg - Energy's Dumb Money May Be Wising Up - Liam Denning 8/13/19 Traditionally, these swung low when oil prices were very high, in anticipation of an inevitable cyclical downswing, and rose when prices
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Economist - Silicon Valley's giants look more entrenched than ever before 8/10/19 FT - Bond buyers playing the long game notch up huge gains - Tommy Stubbington 8/11/19 When Austria sold a €3.5bn 100-year bond two years ago at a yield of just 2.1%
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NYT - Circulating in China's Financial System: More Than $200 Billion in I.O.U.s - Alexandra Stevenson and Cao Li 8/6/19 China’s trade war with the United States has escalated in recent days, posing a growing threat to an already slowing economy. China is not
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Economist - African swine fever threatens 200m pigs in China - Daily Chart 8/6/19 African swine fever, a highly contagious virus, has spread to every province in China. The country is the world’s biggest pork producer, and home to half the pigs on the planet. In the last year
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FT - US credit card interest rates hit 25-year high - Robert Armstrong 8/6/19 Bloomberg - Barneys Shows It's Getting Tougher to Sell a $4,820 Dress - Sarah Halzack 8/6/19 WSJ - Japanese Banks Are Circling the Drain - Mike Bird 8/6/19 After almost three decades
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Visual Capitalist - US Craft Breweries per Capita - Katie Jones 8/2/19 Looking for a different approach to sell your real estate… FT - The strange case of the London housing competition - Thomas Hale 8/2/19 A developer, Misuma Limited, is selling a £2.1m house in Kentish Town through