Excess austerity is a bigger risk than fiscal profligacy
The women’s fashion chain says it opened stores that were too big and took on too many managers.
US equity markets price in a 60 per cent chance within a year.
Trump, Markets, Infrastructure and Other 2018 Mistakes There’s merit in going back and seeing what we got wrong. Bloomberg, January 4, 2019 I was wrong. I find it helpful to say that occasionally. In fact, each year, I make a list of what I got wrong; I share publicly all the things I…
Growth advantage over mature markets has halved and is set to disappear
My Monday morning train reads: • If This Isn’t a Bear Market, Then What Is It? (Barron’s) • Jeff Bezos and Jamie Dimon: Best of Frenemies: JPMorgan chief and Amazon founder have found their companies’ fortunes increasingly entwined, but the balance of power between their firms has shifted (Wall Street Journal) • 2018: The Year in Charts (Pension Partners) • Elevated risk:…
Morrisons and Tesco join other leading UK supermarkets in cutting prices.
Vice-premier Liu He’s appearance underscores Beijing’s desire to strike trade deal
From How Much: You probably think you are, according to new research from the Pew Research Center, but that doesn’t necessarily mean you’re right. It turns out household size is a major determiner of status in the lower, middle and upper classes. The graphic is pretty telling: Source: How Much