October 22, 2019
Taiwanese life insurers have the highest forex exposure and weakest capital adequacy of all the E Asian life insure… https://t.co/0j85bFAahL
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Negative emissions technologies are the shadow that hangs over many ‘net zero” targets. They dont exist at scale bu… https://t.co/YVi38gmBLk
Taiwanese, Japanese and S Korean life insurers have been driven into foreign assets by the need to chase yield.… https://t.co/9CC2lClTux
This video on the secondary market in sneakers from the @FT is kinda mindblowing. https://t.co/XIJbCYwF1t https://t.co/ZGMJiJjTK1
As bank ownership of US corporate bonds has declined that of mutual funds, ETF and insurance has increased.… https://t.co/uSYLoU4Cef
@Birdyword @DuncanWeldon @michaelsteen In that film … remind me … a lot of them get shot, shoot each other and die slowly … that one?
The terminal decline of the US coal industry began in 2102 it is driven by prices, foreign demand and regulation.… https://t.co/GFQ2V1wuRu
Bank loans acct for only 19% of US corporate credit v. 80 % in euro area and 72 % in China. https://t.co/iugzprhFyT https://t.co/D78UuPCqWx
The evolution of "moral money" since 1990. Great timeline of environment, social and governance initiatives in fina… https://t.co/ReAP42mmoJ
Germany's Fest family saga needs its Brecht or Fassbinder … https://t.co/nd41HPGmzA
This digusting racist appeal is by AfD MEP Nicolaus Fest, son of Joachim Fest the biographer of HItler, sycophantic… https://t.co/5d4rW0O0lj
NEW Massive support for #ClimateEmergency action - the UK public SAY they support action and taxes to drive behavi… https://t.co/cLSxGXx9ci
The euro crisis "has made EU governance more technocratic and more politicised", undermining democracy, or so I arg… https://t.co/ooKRhS9hgX
October 21, 2019
Man Ray’s elegant geometric chess set from 1920 gets reissued https://t.co/syW1ypJOWv @openculture #design… https://t.co/itL0wqLMht
If corporate profit margins are the basic driver of the business-cycle then things are not looking good for 2020!… https://t.co/rassZsdTtz
What if we orientate our analysis of business cycle around what is presumaby the basic driver of business activity… https://t.co/N7rVowFv8f
The labour market in the Midwest is taking a real hit. Job openings down 13.5 yoy. Data from @SoberLook https://t.co/PA579BZxAz
Cranes collapse while you are building a Hard Rock Hotel, killing 3 and leaving 20 injured plus you have two broken… https://t.co/CnRnZY4vga
When a recession isn’t a recession. Bundesbank on Germany’s 2Q of neg growth. “A recession in the sense of a clear,… https://t.co/vUemhnKulZ
ECB hawks should remember 2008 & remember 2011. We dont say this enough! https://t.co/9zzcTEnbdM
1) If I was a hedgie one of my main calls would be to buy any significant widening of a spread between peripherals… https://t.co/T0NspGjMD1
October 20, 2019
What really struck me at these IMF-WB meetings is that the Fed wasn't in focus, even though we're in the middle of… https://t.co/JZ2jlUjyLc
I got to fit in stuff like this map of what ~150 years of colonization looks like. (Native American land loss from… https://t.co/OX6wCx6OOX
Draghi is home alone in the euro zone. Great riff from @GustavAHorn https://t.co/g3Jgv2KPVP
Draghi gescheitert? Ich meine mitnichten und würde eher eher titeln: Mario allein zu Haus. Weil von der Fiskalpolit… https://t.co/1WLfzX4MLo
Goodbye to LIBOR? The shift to new risk-free reference rates involves HUGE quantities of money! $267 trn remained t… https://t.co/IJsfDvlEg3
A huge M&A wave is being driven in the US right now by low interest rates, tax changes and accounting techniques (i… https://t.co/7ARnhKCeSo
How to spot a weak Chinese bank? Baoshang, Jinzhou, Hengfeng were heavily reliant on wholesale funding and were hea… https://t.co/3kk5D7PRLk
Global issuance of corporate bonds and syndicated loans entirely dwarfs equities. In an environment with these kind… https://t.co/6GbIjHcfBS
Where the risks might be in the Chinese banking system: Look at all those “smaller” undercapitalized, unprofitable… https://t.co/HnZODVStlT
@siddiqui71 you are welcome. fellow macro junkie.
Small firm America is slowing down hard! Compared to other major global stock indices, earnings expectations in US… https://t.co/csJiOyP37O
"Although banks are stronger overall, some banking systems have large exposures to sectors with high vulnerabilitie… https://t.co/B5S6xN2qrS
Baoshang, Jinzhou, Hengfeng Fascinating box in the latest @IMFNews GFSR on the stress in the Chinese interbank fund… https://t.co/qaY90xH29K
This is interesting on how the IMF defines a “systemically important economy” not a bank, a s.i. economy.… https://t.co/vKdLSwc1oO
In 80% of systemically important economies there is elevated vulnerability in nonbank financials. In 60% the risk l… https://t.co/vHRMnWbmgk