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Stagnant wages. Debt stress. Oh Venezuela. Three key articles that stand out this week are 1) Patrick Gillespie’s "Wages fell in 80 of 100 biggest U.S. cities during recovery" in CNN Money, 2) Sally Bakewell’s "The $29 Trillion Corporate Debt Hangover That Could Spark
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Challenges of being born a millennial. Continued struggles for Energy & Mining companies. Zika virus. While these postings cover articles from Friday – Thursday, I would be remiss not to mention the Bank of Japan’s move to lower the interest rate on excess reserves from 0.1% to minus 0.
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Dalian Wanda. Chinese Property Developers trading USD denominated debt for yuan debt. Construction input prices continue to fall. As I mentioned last week, expect more interesting behavior from the Chinese property developers – granted, I’m sure the behavior has been going on for some time, it’s just that media
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China’s credit binge. Evergrande Real Estate. This Bond is for you. Not quite the roller coaster that was last week. Granted the Powerball Lottery added some excitement to the mix. This week I’m going to focus on the following three articles, 1) George Magnus’ "China's
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Sovereign-backed corporate debt. Chinese Real Estate Developers in America. Hanergy shares unloaded at a 95% discount. RCAP files for Chapter 11 bankruptcy. The S&P 500 is down nearly 5% through Thursday, the circuit breakers in China have been triggered twice this week (market is closed for the
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2015 sets the global Mergers and Acquisition record. How much will the financing for these mega deals cost? The economic blue print for China in 2016. Happy Holidays everyone and as this will be my last post of 2015, I wish you a happy and meaningful 2016. I recognize that
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The Fed did it! Diversify, diversify, diversify. Technology offers a chance at low hanging fruit. High Ground Looking over a Swamp, aka Cheniere. The Fed finally raised interest rates! Definitely one of the three themes from the week, which I’ll cover only briefly in Christopher Condon’s coverage in
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Negative corporate outlooks in light of commodity woes, debt downgrades, and declining global GDP. Oil and gas shake down. It seems that the natural cycle of things is that the new/upcoming global hegemon exploit its former developing nation peers. Before I focus on what I perceive to be the
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Moral Hazard in the Chinese bond markets. Chinese buying US real estate. The new global oil economy. So just how much do Airbnb hosts in NYC make? Another big week… the renminbi will be added to the IMF’s Special Drawing Rights basket of currencies (currently made up of four
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Time to load up on Emerging Market equities? Are you aware of the global demographic trends... Happy Thanksgiving! This week I'm only going to cover two articles. First was an article discussing whether or not now is the time to get back into emerging market equities by Steve
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“Peak demand” in oil consumption? Pollution in India, Burbank Interview, and a Breakthrough in Battery Storage technology is near. Clearly over the last seven days there has been a lot of coverage on the world’s commodity markets as supplies are near all-time highs (oil consumer inventories rose to
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The $860bn gorilla is increasing its real estate allocation, Saudi Arabia wants to borrow money, and Passport Global’s commentary on QE, China, and illiquidity. This week three articles that stood out were 1) Saleha Mohsin’s two-part article in BloombergBusiness "Norway SWF Says Adding $86 Billion in