"We are desperate to find yield" – let's pile into the highest forward multiples in years is the new prudent investing. https://t.co/dAk0JZDhAi pic.twitter.com/GiP9KOz1Qn
— Sven Henrich (@NorthmanTrader) July 27, 2020
As yields on government #bonds fall, debt trading at negative rates has climbed back to $15 trillion per @markets calculations
This reinforces the "TINA" theme pushing #investors to risk assets. It also raises more questions about the longer-term integrity of the financial system pic.twitter.com/C6HsxQrkZm— Mohamed A. El-Erian (@elerianm) July 27, 2020
It's pretty remarkable actually how little of the various Fed programs' capacities has been tapped. Kind of a perception vs reality thing, really
via @NickTimiraos https://t.co/eywAvOhjhi pic.twitter.com/Z9BBo4cPwZ
— Lawrence Hamtil (@lhamtil) July 27, 2020
Updated version of The Global Financial Resource Curse (https://t.co/MhYyP8q6pd). Since the late 1990s, a global saving glut has pushed capital from developing countries to the US. But investment and productivity growth in the US have been weak, in spite of low global rates. Why? pic.twitter.com/hbZSOBDLIp
— Luca Fornaro (@LucaFornaro3) July 4, 2020