Institutional Investor (October 20)
“Out of 770 institutional investors around the globe that are collectively responsible for $34.7 trillion in assets, 52 percent said in June that as de-globalization accelerates they will try to invest in companies with more localized supply chains, according to an annual study by Schroders.” While “trade and technology continue to cross borders and, generally speaking, the world is still shrinking,” geopolitical tension and war have turned “de-globalization into a megatrend creating winners and losers in business.”
Tags: De-globalization, Geopolitical, Institutional investors, Invest, Localized supply chains, Losers, Megatrend, Responsible, Schroders, Technology, Trade, War, Winners
New York Times (October 20)
“One of the most important interest rates in the world this week flirted with a level it hadn’t reached in more than 16 years, putting pressure on the economy and the stock market.” Yields on 10-year Treasuries “brushed against 5 percent for the first time since mid-2007 before ending the week around 4.9 percent.”
Tags: 10-year Treasuries, 16 years, 2007, 5%, Economy, https://www.nytimes.com/2023/10/20/business/treasury-bond-yield-5-percent.html Interest rates, Pressure, Stock market, World, Yields
Wall Street Journal (October 17)
“Reports of the death of Polish democracy appear to have been greatly exaggerated, as exit polls suggest this weekend’s election has produced a perfectly normal swing in political power. The centrist opposition is expected to have a clear shot at forming an administration to replace the right-leaning Law and Justice (PiS) despite frequent complaints that PiS robbed Poland of its democratic freedoms.”
Tags: Centrist opposition, Complaints, Democratic freedoms, Election, Exit polls, Law and Justice (PiS), Normal, Poland, Political power, Swing
Markets Insider (October 16)
SEC Chair Gary Gensler “has warned that AI could trigger a financial crisis, as Wall Street rushes to adopt the new technology.” He is calling for “AI regulation that addresses both the underlying AI models built by tech companies and how they are used by Wall Street banks, describing it as a ‘cross-regulatory challenge.’”
Tags: Adopt, AI, Banks, Chair, Financial Crisis, Gensler, Models, New technology, Regulation, Rushes, SEC, Trigger, Wall Street, Warned
Washington Post (October 16)
“Climate change is the catastrophe to end all other catastrophes.” Every other issue pales in comparison. “Even our boldest notions of how to improve the status of women — expanding access to education, health care, housing and liberty — will be meaningless if women are swept away in mega floods, buried in landslides or suffocated by wildfires.”
Tags: Access, Boldest, Catastrophe, Climate change, Education, Floods, Health care, Housing, Landslides, Liberty, Meaningless, Status of women
Forbes (October 15)
“Amid chatter about the ‘Japanification’ of China’s economy, it’s wise to keep an eye on how Beijing’s troubles might scuttle Tokyo’s recovery, too…. Japan is uniquely vulnerable to China’s downshift amid myriad global headwinds and other dynamics—including controversies over patents.”
Tags: Beijing, China’s economy, Controversies, Downshift, Headwinds, Japanification, Patents, Recovery, Tokyo, Troubles, Vulnerable
New York Times (October 14)
“Israel finds itself at war because of the depravity of Hamas. Further bloodshed now appears unavoidable, but the way Israel fights will begin to determine what happens next: Defeating Hamas will make Israel safer; showing disregard for the killing of civilians will not.”
Tags: Bloodshed, Civilians, Defeating, Depravity, Hamas, Israel, Killing, Safer. Disregard, Unavoidable, War
Time (October 12)
Of the Antarctica’s “162 ice shelves, 68 show significant shrinking between 1997 and 2021, while 29 grew, 62 didn’t change and three lost mass but not in a way scientists can say shows a significant trend” according to a new study. “All told, Antarctic ice shelves lost about 8.3 trillion tons (7.5 trillion metric tons) of ice in the 25-year period….That amounts to around 330 billion tons (300 billion metric tons) a year.”
Tags: 1997, 2021, Antarctica, Ice shelves, Mass, Scientists, Significant shrinking, Trend
WARC (October 12)
“After a pandemic-driven boom, luxury sector growth rates are slowing and returning to something approaching the long-term norm.” Ultimately, a “slowdown had to come at some point – 20% growth rates are not sustainable for an extended period – but the question now being asked is how far the pendulum might swing in the opposite direction, especially as ‘aspirational’ buyers at the bottom end of the market cut back.”
Tags: Aspirational buyers, Boom, Cut back, Growth rates, Luxury sector, Pandemic, Slowdown, Sustainable
Investment Week (October 11)
“European and US IPO activity has shown ‘signs of thawing’ throughout 2023, as the number of issuances slowly rise,” though hesitance is expected to remain until economic stabilization more fully materializes. The same data from PwC’s latest IPO Watch revealed “mainland China continued to dominate IPO numbers throughout last quarter, accounting for almost 35% of global IPO issuance and raising $11.7bn, followed by the US ($9.3bn) and India ($2.3bn).”
Tags: 2023, China, Dominate, Economic stabilization, Europe, India, IPO, IPO Watch, Issuances, PwC, Thawing, U.S.
