Hints and tips:
...for a strong recovery; ii) commodity supply is broadly tight; iii) global stimulus offers a demand safety net; iv) reflation could re-emerge; and v) the US dollar appears overvalued, as per our macro team...
...Here’s a chart from a 2019 paper by Michael Rosenfeld et al. to demonstrate: Note the spike in “met in bar or restaurant” alongside the spike “met online”....
...These factors mean that what was supposed to be a V-shaped trajectory in AxJ would look more U-shaped....
...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...
...Looked at differently, Cyclicals are still priced for a V-shaped recovery, which might not happen....
...But, on a year-on-year basis, their forecast for US growth shows -11% in Q2, -8% in Q3, and -5% in Q4, which clearly qualifies as U-shaped....
...Tragedy in Ethiopia All 157 people onboard Ethiopian Airlines flight ET 302 — the Max 8 variant of the new Boeing 737 jet — were killed when it crashed shortly after take-off from the capital Addis Ababa...
...pandemic safety net of furlough and loan guarantees....
...Coibion et al think official forecasters — the CBO is not alone — are making the same mistake as in the 1990s....
...The biggest activist fight — Nelson Peltz v Procter & Gamble — was only recently settled, two months after a shareholder vote....
...I’d set up and capitalise a European debt management agency to create ESBies (the European safe bonds of Brunnermeier et al). I’d set up a eurozone growth capital fund for fast-growing companies....
...a ‘U’ or ‘V’ shaped recovery,” said Jane Foley, senior currency strategist at Rabobank....
...One prominent Mayfair hedgie said: “I didn’t sleep at all last night, I was watching it unfold on television and trading S&P futures. It was a surprise. It’s bad....
...For a company like Rural that is traded on a major exchange, ―[t]urnover measured by average weekly trading of . . . 1% would justify a substantial presumption‖ of market efficiency. 5 Bromberg et al., Bromberg...
...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....
...(Bratsberg et al. 2002)....
...The tax credits U-turn was a clear indication of two things: (i) in political terms spending cuts are becoming more difficult to implement, and (ii) Mr Osborne enjoys enough political capital to alter his...
...(Financial Times) Iraq’s prime minister Nouri al-Maliki struggled to maintain his grip on power with a Sunni insurgency swirling around the capital and political rivals inside Baghdad’s fortified Green...
...Or, as Mehrling et al put it in a recent paper, we may be approaching a Bagehot moment: We are living today in a Bagehot moment, when the outlines of the new are just emerging from the ashes of the old....
...So it’s not surprising that the first response from Buchheit et al is to answer back with bits of the bond contract that suggest sneaky loopholes instead....
...More than 70 dead in Mogadishu blast Islamist militants linked to al-Qaeda have killed more than 70 people in the worst bomb explosion in the Somali capital in four years, re-establishing the group as a...
...The unemployment rate rose from 24 per cent in the fourth quarter, Statistics South Africa said in a report released in the capital, Pretoria, today....
...– a guided-missile destroyer – that was tracking the S/V Quest, the captured yacht, from 600 yards at about 8am local time on Tuesday....
...Wilful blindness had started life as a legal concept in the nineteenth century. A judge in Regina v....
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