China’s growing presence in financial markets
China is well on its way to becoming the world’s largest economy. While this in itself is not news, the focus on China’s path to that economic super status often…
The Yieldless Society
Central banks worldwide – with the Fed and the ECB at the forefront – are on the brink of implementing their historically rapid policy reversal, yet interest rates are already…
Miniblog – Chinese profits down again
Profits of Chinese industrial companies fell 1.9{01de1f41f0433b1b992b12aafb3b1fe281a5c9ee7cd5232385403e933e277ce6} year on year in December, marking the second consecutive month of earnings decline. For 2018 as a whole, profits rose 10.3{01de1f41f0433b1b992b12aafb3b1fe281a5c9ee7cd5232385403e933e277ce6}, half the…
Recession indicators are overrated for stock returns
Equity investors are always looking for signs of the next recession. Recessions mean higher unemployment, lower spending, lower earnings and ultimately more defaults, all of which are bad news for…