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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.”

 

Financial Times (July 4)

2022/ 07/ 06 by jd in Global News

“If the BoJ sticks to its guns while the US Federal Reserve continues to raise interest rates, the yield divergence could spell a further collapse in the yen beyond the 24-year low. But if the BoJ moves to tweak its monetary policy, or if a global recession prompts a U-turn in US interest rates and a flight to safe havens, it could trigger an abrupt reversal.”

 

New York Times (March 7)

2021/ 03/ 09 by jd in Global News

“The pandemic has disrupted international trade, driving up the cost of shipping goods and adding a fresh challenge to the global economic recovery.” Although “the volume of global trade dipped by only 1 percent in 2020,” that fact obscures “a plunge of more than 12 percent in April and May, followed by an equally dramatic reversal. The system could not adjust, leaving containers in the wrong places, and pushing shipping prices to extraordinary heights.” Some experts believe the upheaval will last the remainder of the year.

 

San Francisco Chronicle (July 27)

2020/ 07/ 29 by jd in Global News

Half a year into the pandemic, a “role reversal of sorts” took places for the giants of the east and west coasts. “California passed New York with the most coronavirus cases in the United States. That grim convergence occurred as the nation reached its own dark milestone: 4 million reported cases. California, as of Sunday, has about 452,000 cases, to New York’s 412,000.” With about 425,000 cases, Florida has also passed the Big Apple.

 

Reuters (January 16)

2019/ 01/ 17 by jd in Global News

“Nobody expected May’s Brexit deal to secure a majority. Nevertheless, the scale of the defeat—the worst for a British government in modern history—was startling…. It’s very unlikely the deal can be rescued.” In fact, investors seem to be signaling that “reversing the Brexit decision” is now more likely than “a chaotic exit…. The pound jumped 1.4 percent against the U.S. dollar immediately after the result was announced on Tuesday.”

 

Bloomberg (April 3)

2018/ 04/ 05 by jd in Global News

“Japan Inc. is on track to overtake China in overseas dealmaking for the first time in six years.” According to Bloomberg data, “Japanese companies have announced $26.9 billion of overseas acquisitions this year, compared with $16.5 billion by Chinese buyers.” The reversal is fueled by “a hunt for growth at Japanese firms…at a time when China’s most prolific acquirers have been hobbled by regulatory probes and new outbound investment rules.”

 

Institutional Investor (March 20)

2017/ 03/ 21 by jd in Global News

“For years, asset management firms have benefited as the banking industry was dragged down by quantitative easing and increasing regulation. The one-two punch spurred a more than $100 billion divergence in revenues since 2011, with asset managers up $65 billion and wholesale banks down $45 billion at the end of 2016…. But now, with asset managers facing ‘intense’ pressure on fees and with economic policy shifting in favor of banks,” there are growing predictions for “a ‘reversal of fortunes’ for the two sectors.”

 

Bloomberg (February 6)

2017/ 02/ 08 by jd in Global News

“Just a few weeks ago, Wall Street analysts were busy boosting their economic forecasts on the expectation that President Trump would implement sweeping corporate-tax reform, a rollback of regulations, and new fiscal stimulus.” After seeing the first two weeks of the Trump Presidency, the analysts are having second thoughts. Their forecasts are now poised for “a rethink, if not an outright reversal.”

 

Institutional Investor (March 24)

2015/ 03/ 25 by jd in Global News

“A reversal for the dollar and oil have not yet quenched investors’ appetite for euro-denominated risk assets.” In the absence of a market-shaping event, “investors keep flocking to Europe.”

 

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