Category: Finance & Economy
The recent blow-up of the Dallas Police and Fire Pension System, an event which is mathematically predictable and preordained, is just an opening act of what is to come for dozens of US local and state government pension plans in this coming decade.
2013 will go down as the first year in which retirement accounts have greater distributions than contributions (i.e. net outflow) on a continuous basis.
Even as the world’s population continues to expand, a significant countertrend has been evolving for decades below the surface with far-reaching implications for the global economy and our assumption on economic growth.
A likely change in attitude towards Russia and China with the incoming Trump presidency and administration would usher in some pretty farreaching new realities, both geopolitically and economically.
In the latest episode of the slowly unfolding European banking crisis, Italy is set to bailout with public money Monte dei Paschi, the country’s third largest bank, after the latest attempt to lure private investors to save the bank has failed. A €20 b …
The latest FactSet report on S&P buybacks show the buyback frenzy in the past several years might have peaked.
Latest snapshot of the US auto loans – subprime loans continue to rise while their delinquency rate deteriorates notably.
Conventional economists and monetary practitioners take it as gospel that economic growth is both a necessity for our well being and something which can be projected indefinitely into the future. The end of growth as we are now witnessing, then, would fundamentally alter the constructs upon which our economy is based, with far reaching impacts.
Government of Ontario lost its case in a private ISDS secret tribunal with its moratorium on offshore wind turbines. $28 million assessed.
The acute pain from the sharp rise in interest rates on the heels of the US presidential election upset is broadly felt across the fixed income markets this past two weeks.