Economic Times (January 23)
Big Tech’s “planned rightsizing is… unlikely to make up for the deep correction in 2022 of technology companies’ stock prices. Earnings estimates for the last quarter of 2022 are grim and Big Tech may have to go in for more job cuts to keep market capitalisation aloft. This could be a theme for the industry in 2023.”
Tags: 2022, 2023, Big tech, Deep correction, Earnings, Estimates, Grim, Job cuts, Market-cap, Rightsizing, Stock prices, Technology, Unlikely
Investments & Pensions Europe (January Issue)
“Biodiversity is fast catching up with climate change as a priority for investors and supervisors, and developments last year have set the stage for a productive 2023…. Barely a topic of conversation in financial markets two years ago,” biodiversity now “has an investment ecosystem all of its own, which is being built on the back of a decade of lessons learnt in the climate finance space. From global agreements, supervisory interventions and standardised reporting guidelines through to data, investment products and a collaborative engagement initiative, the pieces are quickly falling into place to ensure the private sector knows what it’s meant to do to manage nature-related risks in 2023 and beyond.”
Tags: 2023, Biodiversity, Climate change, Collaborative engagement, Financial markets, Investment ecosystem, Investors, Nature-related risks, Priority, Private-sector, Reporting guidelines
Washington Post (January 6)
“The Republican Party’s troubles are severe” and it’s “having a nervous breakdown in full public view…. But it is not alone. In many countries around the world, populists are flailing.” They have emerged “as an opposition movement,” but the “shallowness of its policy proposals” is being exposed. “The world’s complicated problems will always allow for someone who proposes answers that are simple, seductive and wrong. But let us hope that 2023 will see populism exposed for the sham that it is.”
Tags: 2023, Exposed, Flailing, Nervous breakdown, Opposition movement, Populists, Republican Party, Seductive, Severe, Shallowness, Sham, Simple, Troubles, Wrong
Wall Street Journal (January 2)
Citing “red flags” like housing market decline, the spend down of pandemic savings, and tighter bank lending standards, “more than two-thirds of the economists at 23 large financial institutions that do business directly with the Federal Reserve are betting the U.S. will have a recession in 2023. Two others are predicting a recession in 2024.”
Tags: 2023, Decline, Economists, Fed, Financial institutions, Housing market, Lending standards, Pandemic savings, Recession, Red flags, Tighter, U.S.
Oilprice.com (December 2)
“OPEC+ will meet this Sunday to discuss its production targets for January 2023, amidst a widening discrepancy between oil market watchers as to what we should be expecting next year…. The IEA’s global oil demand growth for 2023 stands at a mere 1.7 million b/d whilst OPEC expects 2.55 million b/d.”
Tags: 1.7 million b/d, 2.55 million b/d, 2023, Demand growth, Discrepancy, Global, IEA, January, Oil market, OPEC, Production targets
Institutional Investor (August 16)
“With everybody worried about a cash crunch, the private equity secondaries market is expected to hit a new record. Investors are expected to sell stakes in private equity funds worth $153 billion in 2023, according to the latest PE secondaries report from Lazard’s private capital advisory team.”
Tags: $153 billion, 2023, Cash crunch, Funds, Investors, Lazard, Private equity, Record, Secondaries market, Sell, Stakes
Wall Street Journal (June 16)
The Federal Reserve Board’s 75-point increase “was supposed to signal shock and awe, and it was the Fed’s first move of that magnitude since 1994.” Though the Fed is “front-loading its rate increases,” it does not realize the need to “go all that high to beat inflation.” The current forecast calls for a fed-funds interest rate of only 3.4% by year end. “That means increases will taper off through the rest of the year, and the Fed predicts a peak of only 3.8% in 2023.”
Tags: 1994, 2023, 3.8%, 75-point, Awe, Fed, Forecast, Front-loading, Inflation, Interest rate, Peak, Rate increases, Shock, Signal, Taper
Financial Times (June 9)
“China is building hundreds of thousands of permanent coronavirus testing facilities and expanding quarantine centres across many of its biggest cities as part of its zero-Covid policy, despite the economic and human toll on the world’s most populous country.” Only a week after the Shanghai lockdowns mostly ended, a new one affecting 2 million residents has been announced. Experts now “believe the government’s virus infrastructure programme is designed to sustain the mass-testing and quarantine policies through 2023.”
Tags: 2023
