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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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Eight massive shifts underway in energy. U.S. men of prime working age are dropping out of the labor force. Venezuela on the brink of social and economic collapse. Headlines * WSJ - Global Bonds: Even Further Through the Looking Glass 6/16. Long dated bonds continue to fall - generating outsize returns,
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The shipping world is about to change with the opening of new Panama Canal locks. U.S. shale reserves: now you see me, now you don’t. Headlines * FT - Coal use plunges as China cuts back and US turns to gas 6/8. "Global consumption and production levels for
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Loans taken out by commodity rich countries in the good old days to be paid back in oil have become a major liability. The financial outlook for Chinese firms isn’t looking so good. Negative yields on corporate bonds – hey, it’s better than what you can get for the
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Remember, crises end (oil prices most likely won’t stay low forever). Headlines * WSJ - Apple Takes Billion Dollar Detour to Fix Troubles in China 5/13. Apple uses one of its $233bn in cash and the like to take a stake in loss making Didi Chuxing, the synergies appear limited,
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China’s coming debt bust. It’s a short one this week – traveling with the family. Enjoy! Headlines * FT - Chinese retail investors throw global commodities into a tailspin 5/6. Without a better outlet, money from Chinese retail investors has found its way to the commodity markets. * FT - Canada'
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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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Bank exposure to the oil patch. Dalian Wanda cuts contracted sales target. Anbang’s source of funds. Alibaba and Tencent, those numbers seem suspicious. I’m going to break trend this week and cover four topics/articles (it’s just been one of those weeks) 1) is Bradley Olson’s,
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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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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.