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...Read a transcript of this episode on FT.com...
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...A third and still unquantified factor is the potentially large yen-selling pressure created by the January 1 expansion of Japanese government’s tax-exempt investment accounts....
...More specifically, there is bipartisan concern that one factor behind the UnitedHealth saga is excessive industry consolidation....
...The lower neutral rates of recent decades were driven by a range of long-term factors, including subdued productivity growth, a glut of savings swilling around the world and an ageing population that boosted...
...The decline moderated, leaving shares down almost 26 per cent on the day and taking their year-to-date drop to 65 per cent amid worries about the US regional lender’s exposure to the commercial property...
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