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December 2021
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Los Angeles Times (November 23)

2021/ 11/ 25 by jd in Global News

“L.A.’s infamous Thanksgiving traffic gridlock” is “expected to return with vengeance” after taking 2020 off for Covid. “An estimated 3.8 million Southern Californians will be driving to their holiday destinations — up 9% from last year and only 1% less than in 2019, according to the Automobile Club of Southern California.”


Institutional Investor (March 9)

2021/ 03/ 10 by jd in Global News

“Shareholder activists pulled in their horns in 2020, targeting 10 percent fewer companies than in 2019 and winning 16 percent fewer board seats.”


Reuters (January 29)

2021/ 01/ 31 by jd in Global News

“Equity analysts are still counting on a speedy reopening. They expect the 1,585 companies included in the Global MSCI Index to report 6% higher net profit this year than they did in 2019, and 21% higher earnings in 2022.” Constituents are “still valued on an average multiple of 21 times this year’s forecast earnings, far above a long-term average of 16 times. With the path out of lockdowns looking uncertain, such exuberance is likely to end in disappointment.”


Investments & Pensions Europe (August Issue)

2020/ 08/ 23 by jd in Global News

“Credit investors would be wise to reflect upon the growing debt burden weighing on the global economy.” Debt has surged since the pandemic and it was already at high levels. “Global debt rose by $10trn (€8.9trn) in 2019 to $255trn. At the end of last year, global debt stood at 322% of global GDP, or 40% higher than before the 2008 financial crisis.”


INC. (July/August Issue)

2019/ 08/ 12 by jd in Global News

IPOs are forecast to top 200 in 2019, raising approximately $70 billion. “If companies now seem to be rushing to the IPO market, it may be they sense that the risks of waiting are rising fast. VCs are taking advantage of the best opportunity to transfer that risk—and burn rate—to public stockholders.”


Reuters (August 7)

2017/ 08/ 08 by jd in Global News

If EU Budget Commissioner Guenther Oettinger gets his way, “Britain will have to keep making payments for long-term programmes to the European Union until at least 2020, even after it leaves the bloc in 2019.”