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Showing results for Peoples Bank v. Paper Moon, P/C et al
...With just 1.2bn people having an income above $12K a year, Apple is valued on an EV per pop of c$2,300, which requires c$800pp of annual spend, on the global equity strategy team’s calculations. 4....
...and inflation go hand in hand Bouchaud et al. find that when people trust an “active” central bank, reining in inflation is the outcome of trust, not interest rates....
...Having said this, we expect that the bank will get a boost of c.50bps to its CET1 ratio from a revision in the rules on software intangibles....
...Andrew Garthwaite et al at Credit Suisse has had a fiddle about with the model portfolio, resulting in insurers getting a push....
...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...
...But why can’t manufacturers just divert the unused office paper? (FT)...
...And, as lockdown measures are softened, the return of the likes of Gregg's, Starbucks et al to the UK FtG market will increase competition....
...Our view has been that a growth recovery in 1Q would prevent the BoE from easing, with the Bank looking through a temporary ‘V’ shape interruption to global growth from the virus....
...WPP will also reduce is planned capex from £400m to v£300m....
...(FT) Super blue blood moon Blue moons are relatively frequent. So are blood moons. Supermoons come every 14 months or so. But to have all three happen at the same time? It hasn’t happened since 1866....
...Coibion et al think official forecasters — the CBO is not alone — are making the same mistake as in the 1990s....
...Mian et al also found that the states to deregulate first weren’t more volatile than the rest of America back in the 1960s or 1970s, nor can their findings be explained by the big drop in the oil price in...
...Going back to Firestone et al, they found that adding additional percentage points to the capital ratio reduces the risk of crisis by less and less as the level of capital rises....
...advantage tonight: being a woman (Timothy P Carney, Washington Examiner) How Trump rides on waves of other people’s money (Tim O’Brien, Bloomberg) Political sideshow (Kevin Kal Kallaugher) Today’s poll...
...According to Egan et al, the chance any given doctor is sued for malpractice in any given year is quite low, comparable to the probability a random financial adviser is penalised for wrongdoing....
...The net effect can be seen below: According to Greenspan et al, the shifting proportion of workers to retirees will supposedly increase demand for goods and services relative to supply....
...Given this, it shouldn’t be surprising that Shin et al find that regulations aren’t particularly effective when they lean in the opposite direction of monetary policy: Monetary policy works by intertemporal...
...The question is whether that benefit would look so attractive were JPMorgan et al forced to internalise most of the costs of a breakup while remaining in their current form....
...Unsurprisingly, Borio et al also find that the impact of a given decline in asset values is related to the amount of debt outstanding before the bust....
...According to Summers et al, the main justification for the Fed’s bond-buying was that constricting the supply of safe assets available for people to own drives down risk-free returns, which encourage savers...
...The following table, from a recent paper by Larry Summers et al, makes us suspicious: In 2012, the Fed bought significantly less duration than was issued by the US Treasury (2.5 per cent of GDP vs 3.8),...
...Improvements in financial technology that allow people to evade the Gesell tax are increases in the velocity of money, V....
...The long promenade is a great people-watching place....
...Economists like John Normand at J.P....
...But, as Neil notes, things could have been worse without all that warehousing shenanigans from Goldman et al....
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