There have been a three large deals announced recently that provide a timely opportunity to review the trend in merger and acquisitions. The $130 bln Verizon/Vodafone deal, the $7.2 bln purchase of Molex by Koch...
News that the US only created 169k jobs and the last two-months were 74k weaker than previously disclosed has some observers thinking twice about whether the Fed will taper at the FOMC meeting later this month. The dollar...
This Great Graphic was posted on Sober Look last week (August 24). It shows the differences of opinion among many of the major banks, including primary dealers for the timing of the Fed’s tapering. We note that...
A theme that threads through many of our longer term posts is that the model of capital accumulation associated with Reagan and Thatcher is over (see here, here and there) . What is to replace it is not clear–anymore...
We have shown this chart several times, but given the shift in recent weeks, we thought an update would be useful. This Great Graphic, composed on Bloomberg, shows the dollar against the euro (white line) and the 2-year...
We continue to identify four main macro issues shaping the investment climate: The tapering anticipation in the US; the stabilization of the Chinese economy; a cyclical recovery in Europe; and the long awaited Japanese...
The Bank of England presents its Quarterly Inflation Report tomorrow. In addition to providing an update of its economic forecasts (likely revising up its GDP forecasts), the BOE is expected to provide, as requested from the...
This week’s data and events occur in an particular investment climate. We identify four key elements of that investment climate. The first and most important of these are the expectations for the Federal Reserve to...
ECB President Draghi essentially repeats his comments from last month. The key is that rates will remain at current levels or lower for an extended period and, although the economy is gradually recovering, growth risks...
This Great Graphic was posted by Cullen Roche of Pragmatic Capitalism. The July PMI was disappointing and follows poor industrial production figures at the start of the week. This coupled with a decline in Prime...