The Rise of Zombie Companies Continues
How many companies capable of withstanding higher borrowing costs will be left?
Excess Liquidity and the S&P 500 PE Ratio
The jump in excess liquidity during the Global Financial Crisis produced a record PE surge during the recession as prices fell faster than earnings
Map: EU Exclusive Fishing Zone
Access to the UK’s exclusive fishing territory is proving to be one of the remains sticking point in any UK-EU post-Brexit trade agreement
David Rosenberg Explains How Our “Huge Financial Asset Bubble” Will Eventually Pop
‘Bubbles last longer than you think, but they don’t correct by going sideways.’
Mark Mobius Very Bullish on Emerging Markets, India
He is particularly bullish on emerging markets versus developed markets and on India in particular
Map: Every Day of the 2020 Nagorno-Karabakh War
Modern warfare
Where Debt Has Risen the Fastest Since Covid
The actual dollar value increase in global debt so far this year is estimated at around 8%
US Working Age Population Is Now Shrinking
Just as the tide was starting to turn on the opioid epidemic and manufacturing employment saw its biggest jump in 30 years, Covid struck
Spain’s 10-Year Yield Hits Zero
Among the excuses for low persistent growth in the Eurozone, the cost of capital is simply not one.
The Expert Problem: Forecasters’ Dismal Track Record on Rates
Haven’t they heard? ‘Don’t Fight the Fed’