Month: September 2019

China Beige Book says Wednesday that results of its third quarter survey are the weakest so far this year. Critically, the firm finds that debt levels remain on the rise, with bond issuance climbing to its highest in the history of the survey and the ratio of so-called shadow banking to overall borrowing the second-highest … Read more

Arizona: Border wall construction begins in southern Arizona https://www.kold.com/2019/09/25/border-wall-construction-begins-southern-arizona/ Texas: Border Wall Construction Underway in Hidalgo Co. https://www.krgv.com/news/border-wall-construction-underway-in-hidalgo-co-/     AC

By Patrick Watson Economic growth isn’t random. It comes from individual decisions to buy, sell, or do nothing. We all make dozens every day. Corporate CEOs and CFOs make bigger decisions, like whether thousands of people get hired or a factory gets built. That means, the economy generally does better when business leaders see growth … Read more

https://asia.nikkei.com/Spotlight/Electric-cars-in-China/China-s-NIO-to-receive-1.5bn-state-investment-as-EV-subsidies-fade The Shanghai-based, New York-listed company announced on Tuesday it has entered into a framework agreement with Beijing E-Town Capital to establish a new entity, NIO China, in the city’s economic-technological development area. E-Town Capital, which invests on behalf of the Beijing municipal government’s economic development agency, will acquire a minority stake in NIO China. … Read more

via FT: FTSE Russell will not include China in its flagship government bond index, citing market liquidity and foreign exchange concerns in the country’s $5tn government debt market. The index provider, which released the results of its annual fixed income country classification review on Thursday in New York, said measures taken by Beijing to improve … Read more

via Bloomberg: WeWork has only enough cash to last to maybe next spring. It’s losing millions of dollars a day. It may be shut out of the public stock and bond markets to raise new money. So now the two new co-CEOs named to replace Neumann — Sebastian Gunningham and Artie Minson — need to … Read more

The Federal Reserve’s asset purchases likely will total $315 billion over the next six months as it seeks to stabilize overnight funding markets and contain the movements of its target interest rate, according to projections from Morgan Stanley. Those permanent moves will be necessary because the current temporary purchases likely won’t be enough to stabilize … Read more

This is incredible. Buying health insurance for a family now costs the same as buying the family a new car every single year.https://t.co/PucBSiLYyI pic.twitter.com/TQXNzjpfLH — Joe Weisenthal (@TheStalwart) September 25, 2019 Checks out https://t.co/0IcJwt6y4c — cat ferguson (@biocuriosity) September 25, 2019