Uncategorized
If you were to read only one thing… WSJ - Chinese Banks Face Up to Funding Squeeze - Anjani Trivedi 6/5 * "Household deposits—long the backbone of China’s economy, funding inexorable loan growth—are fleeing: Around 1.2 trillion yuan ($176 billion) left the banking system last month. Meanwhile,
Uncategorized
There are the pension obligations kept on the books based on industry guidelines and then there are the books that track what they really think. America’s tech boom has been great for the consumer, but not so much for the employees that have been displaced. Headlines * FT - Theranos faces
Uncategorized
A novel way of paying off debt – issue more of it, the savings are already accruing. It’s official, Nigeria is in a recession. Headlines * WSJ - Food Price Deflation Cheers Consumers, Hurts Farmers, Grocers and Restaurants 8/29. "The U.S. is on track this year to post the
Uncategorized
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
Uncategorized
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,
Uncategorized
The volume of Chinese wealth-management products is becoming unwieldy. Banks have had enough of this negative interest rate nonsense. Headlines * WSJ - 'Niger Delta Avengers' Sabotage Oil Output 6/5. Bottom line, these guys are messing things up in Nigeria by seeking to bring Nigerian oil output to