Hints and tips:
...Neither the monster national players (JPMorgan Chase, Bank of America, Wells Fargo, Citigroup) nor the regionals (PNC, M&T, et al) have had much to say about the economy’s effect on credit quality....
...If you owned rate-sensitive, high-risk stocks yesterday you have Unhedged’s permission to sell and take the rest of the year off (Carvana, Zillow, SoFi, et al rose 10 per cent or more)....
...Messages recovered by Robert Shrimsley...
...But then there’s a switch, three and a half pages in: in dark ink, Kafka makes a short, thick line and starts again, this time in the first person: “Es war spät abend als ich ankam” (“It was late in the...
...“In terms of nuclear being able to play a role in contributing to decarbonisation efforts, we’re sort of running out of runway.”...
...Everyone expects Jay Powell et al to say “no rate increase today, but maybe in a month”....
...The recent rise of the Faangs, et al, looks like a knee-jerk reaction to the fall in rates and rate expectations that followed the banking mess (the 10-year yield has fallen from 4-ish per cent to 3.6-ish...
...Enough strength left over, in other words, to put off a recession for now. Think we’re wrong? Email us: robert.armstrong@ft.com and ethan.wu@ft.com....
...The addition of the “+” countries (Russia, Kazakhstan, Mexico et al) to the cartel have increased its market share....
...If we are right that consumer spending, despite some recent softening on the margin, is still at or above trend, that is another thing for Powell et al to fret over....
...Send us a better theory: robert.armstrong@ft.com and ethan.wu@ft.com....
...Prosecute fraud, maybe regulate crypto exchanges like casinos, and keep the SEC et al out of it. This is a disagreement about how to cordon off crypto so that when crypto burns, it is controlled....
...Email me: robert.armstrong@ft.com....
..., Covid et al) wouldn’t bring globalisation to a halt....
...Arnott et al estimate that stocks ejected from the S&P 500 actually outperformed new entrants by an average of 2,200 basis points in the year after the index rejig (FTAV has written about the index inclusion...
...“Sometimes the Inland Revenue makes an enormous mess of their investigations and you’re entitled to challenge them.”...
...The mid 19th century saw the arrival of Italy’s big breweries — Peroni, Moretti, Poretti, Menabrea et al — as well as the grape phylloxera blight that drove demand for alternatives to wine....
...The suites vary, but all are 50sq m with courtyard entrances, and furnished with pieces by – or at least inspired by – Arne Jacobsen, Eero Saarinen, Joe Colombo, Isamu Noguchi, Charles and Ray Eames et al...
...All assets may perform badly under stagflation, but we’d rather own Pepsi, Johnson & Johnson, Kimberly-Clark, Bristol-Myers et al than sit and watch our cash lose its earnings power....
...Meanwhile in American male major league sports, teams are actually getting younger for a variety of reasons. In other words, Benzema et al are outliers....
...Whatever you might think of Robinhood et al, retail investors do appear to value their services. You can’t ignore the regulatory politics either....
...Despairing of a strong US presence, America’s allies in the region (Japan, Australia, New Zealand et al) will agonise about how much they can slow-walk China’s application to join the CPTPP....
...The initiative from New Zealand et al has not reached critical mass: the big trading economies have not signed on....
...Not a great shock that Britain’s Liam Fox and Saudi Arabia’s Mohammad al-Tuwaijri went out (we’re devastated we never got interviews with either, truly we are) but it’s surprising, at least given the starting...
...Plus, he has an accomplished UK Mission operation in Geneva campaigning for him. Al-Tuwaijri’s success is more of a puzzle — not “inconceivable!”...
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