After peak negative-yield-absurdity in August, bond prices fell – the “bond bloodbath” – and the mountain of bonds with negative yields has plunged by $5 Trillion, or by 30%, despite rate cuts.
Russian billionaire rues the day he bought it. “We should have been more cautious and done our due diligence better.”
US barely Cleanest Dirty Shirt among the manufacturing giants.
In funds with a liquidity mismatch, the First-Mover Advantage is huge, as Woodford’s investors found out.
As separatist region is rocked by violence, businesses sound alarm.
“An unforeseen crisis.” Other headwinds intensify too
US-China trade war, falling business confidence, slowdown in China, German exports, and new: the temporary shutdown of Hong Kong’s airport, the largest cargo hub in the world.
If the US dollar loses its hegemony as a global reserve currency, it would be a sea change globally, and specifically for the US economy. Today, we got the next installment in that saga.
Hedge-fund manager Steven Cohen and Michael Bloomberg are among those ruing the day they bought the crushed shares of the UK bank touted as a “bargain.”
And these are still the good times, with growing passenger traffic.