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Helicopter money coming to Japan? GMO on EU immigration and the Brexit. Hong Kong and China at a cross road. ECB coming up against its quantitative easing boundaries. Headlines * FT - BP draws line under Gulf spill costs 7/14. All told BP's costs from the Deepwater Horizon disaster
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The bad debt in Italian banks is looking like a BIG problem. The world has become more reliant on Middle Eastern oil. Not looking so rosy for hedge fund reinsurers. Headlines * Bloomberg - Spain Runs Out of Workers With Almost 5 Million Unemployed 6/30. "The unemployment rate is too
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Japanese banks wary of property risks. Negative-yielding sovereign debt jumps to $11.7tn. This week all the media outlets were blanketed with coverage on the Brexit and of course the synopsis varied from catastrophe (a lot of money was lost in the equity markets around the world immediately – which
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Beware of ‘investments’ being peddled by Chinese banks. China no longer getting the same bang for the buck. Industry concentration tends to result less money going to employees. Headlines * FT - Will duration risk rear its head for bond investors? 4/28. "The duration on the Barclays global aggregate bond
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The Wall Street Oil Crash in charts. Chinese $3tn bond market not looking so good. This week is a very graphic heavy week, just happens that way sometimes. Additionally, I want to call attention to a report that me and my business partner put out for our real estate development
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Chinese companies looking for cash flow. The knock on effects of low oil prices. U.S. Commercial Real Estate starting to get that sinking feeling. Happy Easter! This week the three major themes/articles are 1) James Kynge, Gabriel Wildau and Don Weinland’s "China Inc: The quest for
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Chinese exports plunge – and a glimpse of China in 2025. $5 trillion of negative-yielding Japanese debt, but that’s only part of the problem. Midstream energy companies feeling a bit exposed. Three articles that stood out this week are 1) Shawn Donnan, Chris Giles, and Gabriel Wildau’s "
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Evergreening of debt in China. Japan becomes second country to sell negative 10-year bonds. Structural changes in global trade. Three articles that stood out this week are 1) Alex Frangos’ "How China's Big Lending Push Comes Up Short" in The Wall Street Journal, 2) Lew
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Negative yielding government bonds. Lending to Emerging Markets hits the brakes. Japanese 10-year bond crosses the zero bound. Three key articles that stand out this week are 1) Elaine Moore, Robin Wigglesworth, and Leo Lewis’ "Government bond yields send recession signal" in the Financial Times, 2) Jonathan
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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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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