Seeking Alpha (January 4)
“After closing out a year in which the S&P 500 dropped nearly 20%, Wall Street extended its gloomy demeanor into the start of 2023, with stocks edging lower amid retreats in some high-profile names…. Volatility is likely to remain a big theme for markets this year as economic uncertainty lingers and each data point becomes an opportunity for a clearer picture.”
Tags: Clearer
Investments & Pensions Europe (January Issue)
“The scientific evidence is unequivocal that if humanity continues along its current path, it is likely that, by 2100, global average temperatures will rise by between 2.7°C and 3.6°C. A rise of 4°C could lead to a cost of as much as $31trn (€29trn) per year in 2100… apart from the costs of loss of life and destruction of habitats.”
Tags: $31trn (€29trn), 2100, 4°C, Destruction, Evidence, Habitats, Humanity, Loss of life, Rise, Scientific, Temperatures, Unequivocal
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.
Reuters (January 1)
“Heavy falls in stock and bond markets over the last year have cut the combined value of the world’s sovereign wealth and public pension funds for the first time ever – and to the tune of $2.2 trillion.”
Tags: $2.2 trillion, Bond markets, Heavy falls, Public pension funds, Sovereign wealth, Stock, Value
The Guardian (January 1)
In 2004, “people shifted their attention, on average, every three minutes or so (including to interact with colleagues). When restricted to just computer activity, it was about 30 seconds quicker.” Eight years later, “the average time spent on any screen before switching was down to 74 seconds.” In 2021, that dropped to “just 47 seconds.”
Tags: 2004, 2021, 3 minutes, 47 seconds, 74 seconds, Attention, Colleagues, Computer, Interact, Restricted, Screen, Switching
