Monday, February 25, 2019

25/2/19: Europe's TBTF Banks are only Bigger-to-Fail...

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Since the start of the Global Financial Crisis (GFC) and through subsequent Euro area crises, the EU frameworks for reforming financial se...

24/2/19: Eurozone's Corporate Yields are not quite in a crisis territory... yet...

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Euro area high yield corporate credit rates are under pressure to continue moving: But they are far from being dramatic, even though ...
Sunday, February 24, 2019

24/2/19: Europe of Divergence: Euro and the Crisis Aftermath

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A promise of economic convergence was one of the core reasons behind the creation of the Euro. At no time in the Euro area history has thi...

24/2/19: Buybacks vs Capex

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U.S. corporates spending or 'investing' over the last 10 years: CapEx ($6.4T), including often non-productive M&As Buyback...
Friday, February 22, 2019

22/2/19: Deutsche Bank's New Old Losses: When a Candy Bites Back

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Our good old friends at @DeutscheBankAG have been at it again... this time (h/t to @macromon) raking in $1.6 billion of freshly announced ...
Wednesday, February 20, 2019

20/2/19: Crack and Opioids of Corporate Finance

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More addictive than crack or opioids, corporate debt is the sand-castle town's equivalent of water: it holds the 'marvels of castl...

20/2/19: Broader Measures of Irish Unemployment 4Q 2018

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The latest Labour Force Survey for 4Q 2018 for Ireland, published by CSO, shows some decent employment increases over 2018, and a welcomed...
Monday, February 18, 2019

18/2/19: U.S. Treasuries: Not Finding Much Love in Foreign Lands

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In recent months, I have been warning about the cliff of new bonds issuance that is coming for the U.S. Treasuries in 2019, pressured by t...
Saturday, February 16, 2019

16/2/19: Deep Crises: past, present, future?

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Venezuela's economic (and political, social, public, etc) woes have been documented with exhaustion, although no one so far has produc...

16/2/19: Trump-o-rama taking a dip?

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Summarizing the U.S. economic 'themes' of the last 21 years: or put differently: 13 years of 'ugly', 8 years of '...
Friday, February 15, 2019

15/2/19: Still Drowning in Love [for Debt]...

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Debt... Sovereign debt... and Valentines... A decade post-GFC, we are still shedding love to our overly-indebted sovereigns... so not...

15/2/19: Nothing to Worry About for those Fiscally Conservative Republicans

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H/T to @soberlook: U.S. Federal deficit was up $192 billion y/y in December 2018. Nothing to worry about, as fiscal prudence has been ...