by confoundedinterest17 The US economy has a case of the summertime blues. Bull steepenings in the yield curve are generally seen as a precursor to a recession, but they are often preceded by bear steepenings. The 3m30y curve is currently bear steepening, …
via dnyuz: Yelp and Mixt had little more than proximity in common, which at that time was enough. Yelp was an idea that became billions of dollars in value on the internet. Mixt was a booming business serving lunchtime salads to …
“It has been a bad couple of months for BlackRock and its CEO, Larry Fink. Earlier this quarter, one analyst downgraded its stock due to the risk posed by Environmental, Social, and Governance (ESG) investing. Several states have announced they …
by confoundedinterest17 Pension funds have long been investing in “safe” agency mortgage-backed securities. But as The Fed does its “tighten up”, we are seeing agency MBS prices falling and duration risk rising. I remember showing my Fixed-income class at Chicago and …
by confoundedinterest17 Just hedge funds and the blues. Or hedge funds got the blues in 2021. 2021 saw the S&P 500 index generate a return of 28.7%. Much of it thanks to The Federal Reserve “stimulypto” or excessive monetary easing. But only …
A plan to require residential rental property owners in Denver to be licensed and undergo inspections every four years or when ownership changes, is being met with criticisms from the industry, including one man whose family has been in the …
Those government retirement systems are sitting on mountains of debt. There’s $144 billion in debt just in the five statewide systems, by the state’s conservative estimate, or $261 billion by a more realistic, independent estimate. They average only 40% of …
via forbes: He clearly doesn’t relish the spotlight this story will bring and is quick to underscore that Facebook “isn’t the bad guy.” (“I think of them as just very good businesspeople.”) But he paid dearly for the right to speak …
via thetruthaboutcars: Remember the multi-million dollar corruption scandal involving UAW officials? Apparently, it was even more corrupt than previously reported. While the UAW-Chrysler National Training Center is suing both Fiat Chrysler and the union members involved, recent developments point to the money scheme being …
via WSJ: Financed and built by Chinese state-run companies, the soon-to-be-finished overhead railway through Lahore is among the first projects in China’s $62 billion plan for Pakistan. Beijing hoped the $2 billion air-conditioned metro, sweeping past crumbling relics of Mughal …
“The state’s efforts to save homeowners money are now keeping many of them locked in their homes — and potential buyers locked out.” Virginia Postrel: In pricey areas, two enormous tax distortions will still encourage California homeowners to stick to …
Lack of CO2 hits EU beer, meat production. Carbon dioxide production is usually lower in the summer because of the hot weather, but a string of problems across the sector in Europe have caused fertilizer makers to shut down more …
via WSJ: It is unusual for cities to opt for a direct tax on employment to fund housing or services, said Jared Walczak, an analyst at the Washington, D.C.-based Tax Foundation, a conservative-leaning research group that tracks U.S. tax policies. …
Watch the latest video at foxnews.com Seattle created its homelessness crisis; now it’s trying to make it worse. So now that we know Seattle’s own laws created a shortage of housing in the city while at the same time reducing …
“How a uniquely punitive city impound program combined with the drug war and asset forfeiture to deprive people of their vehicles for years at a time.” More from Reason: Byrd had run afoul of Chicago’s aggressive vehicle impound program, which …