Hints and tips:
Related Special Reports
...Collectively, they tend to do well when the US dollar is weakening, the global rates outlook is benign, the world economy is growing briskly and international trade volumes are increasing....
...And that while the housing channel to monetary policy transmission might very well help central bankers achieve their goals, it probably won’t help China this time around....
...But as well as the size of the non-debt, the spread between highest and lowest tallies is striking....
...Especially ones that test well. They make our lives easier, and should not be knocked. But as xkcd reminds us:...
...Debt-fuelled asset purchases and investment by the public sector don’t always end well....
...As well as reflecting our expectations of the future, financial market prices can change it. Tighter spreads made possible by investors’ allocations have reduced the cost of credit....
...As has been argued by the Resolution Foundation’s 2030 Inquiry report as well as the IMF, rebalancing economic activity towards investment is what the UK needs to lift productivity growth....
...Paradoxically, this is because the kind of inflationary threat that may well have attracted inflows looks like it has ebbed away....
...Well-intentioned bondholder-protection language triggered accelerated payments to creditors when agencies junked issuers, most famously and dramatically in the case of Enron....
...Five-year swap spreads refer to the difference between five-year gilts and five year fixed swap rates, ten-year swap spreads refer to … well, you get the picture....
...Handily, the Purple Book has started to keep track of buy-outs, as well as buy-ins and longevity swaps. The pace has picked up, but has not exactly leapt....
...Reforms that increased pension contributions bequeathed today’s Canadians a sustainable national pension system, an improved international balance sheet and a large pool of well-managed capital....
...That description is not, strictly speaking, Toby Lloyd’s, but Hannah Rosenthal’s....
...Well done for getting this far. What are the takeaways?...
...They provide an unvarnished picture as to how well or terribly their clients’ managers have performed....
...The PPF levy is paid by sponsors of private sector defined benefit schemes which have not yet been offloaded on to insurers (through buyout) or on to superfunds, (as well as, hypothetically at least, the...
...investor — whether they are choosing a retail investment fund or structuring a sovereign wealth fund — implicitly makes judgments as to their liquidity needs and their tolerance for return volatility as well...
...But if we’re going to start disregarding data because it depicts the past rather than the future, we might as well all just give up....
...If Toby’s note whets your appetite, the full note is available outside the GS paywall....
...But the degree to which stocks outperform relies on the spectacular fortunes of a few stocks over the long-run as well as the short-run was Bessembinder’s second finding....
...Toby Heaps Chief Executive, Corporate KnightsToronto, ON, Canada Letter in response to this letter: Reducing birth rates in poorer states is carbon key / From Jon Johannessen, Venice, CA, US...
...The proposition would probably require management of equity positions to move in-house in these new larger pools of capital to overcome well-documented incentives for external fund managers to underinvest...
...“It will not be done without gas,” said Toby Rice, chief executive of EQT, the country’s biggest gas producer, of the coming AI boom....
...“I know well the sacred duty of a woman,” sings Senta grimly....
...But as well as an unreasonable numbers of banks, the US has seriously enviable expertise in bank resolution....
International Edition