Hints and tips:
...Productivity-hype bubbles are usually separated by at least 25 years and usually form at the end of a secular bull market, when aggregate profits are coming under pressure, say Garthwaite et al....
...Not a positive absolute return, by any means, but not that bad compared to the Agg’s 15 per cent loss, a 23 per cent drawdown for high-grade corporate debt and the S&P 500’s 22-per-cent puke....
...Shares in the asset manager rose 5.7 per cent on the day the deal was announced, and this year they have nearly doubled the S&P 500’s performance....
...Recent medical literature suggests that severe manifestations of COVID19 may be due to tissue damage caused by severe immune dysregulation (Li H, et al; The Lancet; April 2020)....
...There’s not much precedent to support the idea that Shina et al can walk away based on a MAC clause: WPP was forced against its will to buy Tempus in 2001, Guy Hands couldn’t scrap a bid for East Surrey...
...Addison Lee, the mini cab company that was bought by Carlyle just months before Uber et al made it on to the scene....
...Official guidance is required on whether Gareth Bale et al were expressing confidence in the UK’s future as a free trader, or were just better at kicking a ball around....
...Time Warner’s are down 15 per cent, while Walt Disney’s are off by a similar amount, on fears of slowing growth at its ESPN channel. By contrast, the S&P 500 is flat over the same period....
...The quarter just ended was certainly a turn for the worse, a 7 per cent slide by the US S&P 500 and its weakest performance since 2011, so did the world’s biggest and best remunerated hedge fund managers...
...In the Netflix world, Comcast et al still deliver the content, but they need to find a new way of getting paid....
...Last year was difficult for hardware. Big enterprise hardware stocks (such as IBM, Western Digital and Seagate) underperformed the Nasdaq and the S&P 500....
...(Wall Street Journal) - Goldman et al should be forced to incur losses on mistaken trades, says Myron Scholes. (Financial Times) - Samuel Brittan: Productivity matters, but it’s not everything....
...- A departing Barclays analyst’s lament (it’s not on Libor). - Abnormal Returns on unforced (investment) errors. - Five hits from Scott Sumner, on the eurozone, FOMC, et al....
...Moody’s, S&P and Fitch in terms of their rating results is that Dagong emphasizes more on the country’s capability to pay its debt....
...In the absence of a fresh catastrophe, markets will remain range-bound, according to Yardeni, whose top forecast has the S&P hitting 1000....
...As a former investment banker, Augar tells the story of the disaster in the financial markets. What really happened at Northern Rock, Royal Bank of Scotland et al? This gives you a clearer idea....
...*Hedge Fund Activism, Corporate Governance, and Firm Performance (2006), Brav et al...
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