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...“This mechanism — headline inflation, expectations, price-setting, wage-setting — is showing signs of working as you’d expect it to work.”...
...Fred Studemann I’d second that. Lilah RaptopoulosYeah....
...From: Rutherford@Monkwellstrategy.com To: FredJB@Worldfin.co.uk Thanks Fred, I’m glad you liked the post. I’m sorry to hear about your CEO but am glad you are managing this sensitively....
...Peltz likes to say that he’d rather be rich than be right....
...I’d be quite happy to have another couple of scenarios....
...“Investors have always worried about government debt and it’s never been a problem, but this time it feels like it’s for real,” said Jim Leaviss, chief investment officer of public fixed income at M&G Investments...
...You have moments of crisis, I guess, and I’m not sure I’ve ever really thought I’m good at it, just that I’ve got something different to offer. Some people like what you do and some don’t....
...Marc Filippino Sam Fleming is the FT's economics editor. Thanks, Sam. Sam Fleming Thank you....
...The fashion moment that changed everything for me was the Gucci “Public Enemy” campaign where we shaved a G [on the model’s pubic hair]. Tom Ford didn’t want to do it so I had to push them to do it....
...“I mean, I’m still wearing leather,” she said....
...Landlords of F- and G-rated homes may no longer raise rents, and as of this year, the worst of the G-rated properties cannot be rented to new tenants....
...If he’d written about food for a living, he’d have known it’s not a patch on January. I’m trying not to indulge in special pleading here, but we hacks have it tough....
...Within an hour he’d decided to put the Voice up for sale. That wasn’t quite the end. The paper teetered on through several new owners....
...M&G Investments thinks interest rates are going down, but not by much (and predicts a “new era for active management,” lol) “Flux” is also a favourite word of Lazard, whose 2024 outlook at least features...
...“I’m not going to tell you,” Fleming flatly says. The most I hear is insight into how decisions are made....
...M-O-U-R-N . . . Tim Hayward Half mourning. M-O-U-R-N-I-N-G....
...“I’d always had a close affinity to Borde Hill, but motherhood was a real catalyst for change,” she says....
...Cote d’Ivoire, South Korea . . ....
...“Finally, now I’m getting the sense that there are people waiting out there who are willing to put up the money,” he says....
...I’m as Bond-fixated as the next middle-aged man, but that’s not why I’m here....
...The fundamental bargain of M&A seems pretty simple. At the closing of a deal, the buyer pays the seller, and gets a business in return....
...They were able to lock in low rates during the pandemic, and because of this companies’ net interest payments actually declined in 2022, as M&G pointed out in a Monday blog post....
...(HT M&G’s Gregory Smith): Between January and November 2022, Cameroon’s government made late payments on long-term, foreign currency (FC) commercial debt constituting a selective default (SD) according...
...She also toured intensively as a performer, leading the Carla Bley Band with Mantler, Swallow, the trombonist Roswell Rudd and drummer D Sharpe....
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