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Financial Times (March 17)

2024/ 03/ 18 by jd in Global News

“A strange thing happened this week: calm.” U.S. data revealed higher than expected price inflation. “This time around, however, government bonds wobbled only slightly and both US and global stocks held it together around record highs.” The absence of drama indicates “interest rates are shedding their suffocating dominance over global markets, and that stocks are climbing not because they are huffing the speculative fumes of imminent and aggressive potential rate cuts but because they’re worth it.”

 

Institutional Investor (March 12)

2024/ 03/ 14 by jd in Global News

“Sixty-eight percent of U.S. institutional investors do not use ESG in their portfolios.” They’ve been abandoning ESG as it “has become politicized, leading to state legislation banning the practice, lawsuits, and reputation concerns.” Elsewhere, in contrast, ESG investment is “forging ahead”. A recent global survey of 310 institutional investors, showed that “94 percent of European respondents have incorporated ESG into their investment process…. Within Asia, that portion is 86 percent.”

 

Newsweek (March 9)

2024/ 03/ 10 by jd in Global News

“America’s teenage population is expected to shrink in the coming decade, whilst the number of people aged 70 or over expands by 14.5 million” as the 70 or over senior population is expected “to boom from 40.8 million to 55.3 million by 2033.” In the two decades since 1971, the U.S. fertility rate fell by 27%. The average woman now bears only 1.66 children, down from 2.26 fifty years ago.

 

Bloomberg (March 6)

2024/ 03/ 08 by jd in Global News

“However California’s next monumental blaze begins, the toll will be vast. People will be injured, some will die. Thousands of homes will be destroyed. When the smoke clears, the most populous US state, home to Hollywood, Silicon Valley and a real estate market worth more than $9 trillion, will be ground zero for a sweeping financial crisis.”

 

Forbes (March 4)

2024/ 03/ 05 by jd in Global News

“The bitcoin price has topped $60,000 per bitcoin, making it a $1 trillion asset again,” reigniting concerns of possible fallout on the economy should its price tumble. Still, the wind appears to be with bitcoin. “Bank of America analysts have warned the U.S. debt load is about to ramp up to add $1 trillion every 100 days—fueling a bitcoin price surge.”

 

New York Times (February 24)

2024/ 02/ 26 by jd in Global News

“Investors often see Berkshire as a bellwether of the American economy, given the breadth of its business.” Marking a sharp reversal from a $22 billion loss in 2022, the conglomerate recorded net earnings of $97.1 billion in 2023, “its highest-ever annual profit last year.” Moreover, “Berkshire also reported $37.4 billion in operating earnings, the financial metric that Mr. Buffett prefers because it excludes paper investment gains and losses, for the year, up 21 percent from 2022.”

 

Business Insider (February 16)

2024/ 02/ 18 by jd in Global News

“The US economy managed to shake off Wall Street’s gloomy forecasts and dodge a long-predicted slump last year — but the same can’t be said for two other members of the G7.” Both the UK and Japan entered technical recessions based on data released Thursday showing each nation’s GDP fell during both of the two last quarters in 2023.

 

Reuters (February 15)

2024/ 02/ 16 by jd in Global News

“Japan’s journey back to normality has just taken an unwelcome turn. The world’s third-largest economy in U.S. dollar terms ceded the title to Germany on Thursday” as Japan simultaneously slipped into a recession. “More unnerving is a slew of weak data making it harder for the Bank of Japan to justify hiking rates and officially ending its era of ultra-easy monetary policy.”

 

Wall Street Journal (February 12)

2024/ 02/ 14 by jd in Global News

“Stand in the middle of the business district of any big U.S. city and the nearby buildings are emptier and a lot less valuable than they were four years ago. Listed office real-estate investment trusts have already faced the music: The S&P 500 Office REITs Sub-Industry Index has roughly halved in value since before the pandemic. The reality check for banks is just beginning.”

 

New York Times (February 5)

2024/ 02/ 05 by jd in Global News

“A sense of foreboding,” carried over from the pandemic, remains shared by many Americans. Though this “sense of insecurity has seeped into the crevices of everyday experience,” it increasingly seems to “conflict with data points that reflect an unambiguous strengthening of the American economy. Incomes have risen, unemployment remains low and consumer confidence is improving.”

 

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