Hints and tips:
...I was an early Cassandra about the “everything bubble” — where the prices of stocks, housing and other assets all keep rising — and will admit that I’ve lost money as a result....
...But its Cassandra-like stance has always been worth considering. This time, too, its Annual Economic Report provides a valuable analysis of the macroeconomic environment....
...By the end of 2021, global debt, both public and private, exceeded 350 per cent of the planet’s gross domestic product....
...It is not only possible but urgently desirable to confront the system’s gross human inequities and inefficiencies without sacrificing the innovation....
...Cembalest, chairman of market and investment strategy at the firm’s asset management arm, has taken it upon himself to work just how investors would have fared if they’d listened to the self-proclaimed Cassandras...
...And at the risk of being a Cassandra, I wonder if they aren’t just as oblivious to what is happening today with the US and China....
...Now, the New York Times would have you believe that there is another Cassandra on the scene: Tim Lee....
...The gross notional amount of derivatives (essentially securities that derive their value from something else) floating around today’s global financial system is more than $542tn, according to the Bank for...
...In this context, the second and third-quarter gross domestic product estimates, in line with the government’s 7 per cent growth target, were reassuring....
...The US may account for just a fifth of global gross domestic product, but dollar assets make up three times as great a proportion of global reserves....
...In 1952 Turing was convicted of gross indecency for engaging in homosexual acts, which was a criminal offence until 1967....
....” ——————————————- Are there any Cassandras? Jason Hollands, a managing director at broker Bestinvest, said investors were pouring money in after markets have already steamed ahead....
...But today’s Cassandras argue that the aftermath of the financial crisis, superimposed on to the reality of an ageing America, has made the problem sharply worse....
...According to Credit Suisse, combined gross debts at 10 of India’s biggest industrial conglomerates have risen 15 per cent in the past year to reach $102bn....
...The buyback was part of a larger plan agreed last month to trim the debt to 126.6 per cent of gross domestic product by 2020....
...There was sniping recently when Grey knocked down a house he owns – once briefly owned by Frank Sinatra; a short Italian Vogue video about his wife Cassandra’s fashion career went viral....
...That is the total of outstanding debt plus unfunded pension liabilities of America’s cities and states, some two-and-a-half times their tax base and about 40 per cent of US gross domestic product....
...“Shui Jing Fang want to upgrade their packaging,” explains Cassandra Chan, supply development manager for China, in a broad Glaswegian accent....
...Allied to the Cassandra-Conservatism school, which includes Correlli Barnett and (less successfully) Samuel Huntingdon, he accumulates an arsenal of compelling information about the swing up and the vertigo-inducing...
...The debt to gross domestic product ratio of, say, Brazil, Russia, India and China are 57 per cent, 6 per cent, 85 per cent and 22 per cent....
...Bizarrely, another big difference would appear to be the number of Cassandras....
...Gross domestic product has grown at more than 8 per cent per year for three years in a row, with the figure for 2006 put at 9.4 per cent....
...But could it be that the cassandras have it all wrong and that bubbles are actually a blessing, not a curse? This is the heretical idea advanced in a provocative book, Pop!...
...But for the first time since 1999, Morgan Stanley’s chief economist no longer feels has to play the role of Cassandra....
...As commodity markets have shot skywards this year, a chorus of Cassandras has cried “bubble”....
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