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....
...More seriously, Goetzman et al argue that art price changes are largely a function of wealth concentration....
...They found that the standout stocks today are at much cheaper valuations than the stars of the 90s were, and while the valuations of the Magnificent 7 et al do look a lot like the “Nifties,” they tend to...
...Wherever possible lies should be told about classes of people (Republicans, elites, big business, the media, et al) not specific individuals....
...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)....
...The riskiest, most beat-up members of the group (KeyCorp, Comerica, Zions, Western Alliance et al) rose the most....
...al)....
...That’s what we missed: how the policy response to the regional banking crisis stabilised the banking system, which allowed a pretty sharp V-shaped recovery....
...like a signal effect, we’re really saying, OK, what can investors, economists, what can they glean from policymakers about their overall stance in terms of their willingness to support growth, demand, et...
...Washington intended to conclude a crucial part of its Indo-Pacific Economic Framework trade pillar at the Asia-Pacific Economic Cooperation forum this week....
...Everyone expects Jay Powell et al to say “no rate increase today, but maybe in a month”....
...Shares in other banks considered to have some degree of asset-liability mismatch (Western Alliance, Zions et al) only saw their shares wobble a little bit yesterday....
...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...
...To put it more simply: Jiang et al argue there are $2.2tn in mark-to-market losses out there, and there is only $2.2tn in equity in the US banking system....
...But as Steven Kelly of the Yale Program on Financial Stability pointed out to me, Yellen et al will need the goodwill of the big banks should some other bank or banks get into trouble....
...The addition of the “+” countries (Russia, Kazakhstan, Mexico et al) to the cartel have increased its market share....
...“Quiet luxury” is a kabuki performance of moneyed ease and indifference, according to Robert Armstrong and Lauren Indvik. Here they offer tips on how to look rich....
...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....
...In the communications sector, the video entertainment companies (Warner Bros Discovery, Paramount, Disney, Netflix et al) explain the bulk of the outperformance....
...(New Yorker) — Erik Brynjolfsson et al paper on using generative AI in customer support (NBER)...
...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....
...But even in the face of this poignant example, the Chan et al/Verdad view is very hard for a person like me to accept....
...The resurgence of tapestry can be attributed to a renewed interest in traditional crafts, says fashion historian and co-curator of the V&A’s recent Fashioning Masculinities exhibition, Marta Franceschini...
...Email us: robert.armstrong@ft.com and ethan.wu@ft.com....
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