You are here

Business

Global Negative Yielding Debt Surges To $9.7 Trillion Despite ECB's QE Taper

Global Negative Yielding Debt Surges To $9.7 Trillion Despite ECB's QE Taper

As we noted a few months ago, ever since the ECB launched its sovereign debt QE, initially known as PSPP, in March 2015 and later expanded to include corporate debt, or CSPP, in June 2016, the world's biggest hedge fund central bank has created enough money out of thin air to purchase bonds with no consideration for price to grow its balance sheet, i.e. investment portfolio, by nearly €2 trillion.

Jamie Dimon Says Corporations Will Fund Buybacks With Tax Cuts And That's "Not A Bad Thing"

Jamie Dimon Says Corporations Will Fund Buybacks With Tax Cuts And That's "Not A Bad Thing"

For at least half a decade now (How The Fed's Visible Hand Is Forcing Corporate Cash Mismanagement) we have warned about how the Fed’s flawed approach to monetary policy incentivizes corporations to fund share buybacks with massive amounts of debt...

…While the corporate sector has spent record sums on share buybacks...

Capex has experienced an unprecedented decline...

 

China Regulators Complete Final 'Drill' In Preparation For Petro-Yuan Futures Trading

China Regulators Complete Final 'Drill' In Preparation For Petro-Yuan Futures Trading

Amid all the chatter of Venezuela and Russia potentially creating oil-backed cryptocurrencies, the "huge news" of China's launch of the Petro-Yuan has fallen off the front page... until now.

This week saw the Shanghai Futures Exchange complete its fifth yuan-back oil futures contract trading drill successfully...

New York City Developers Are Relying On A Shrinking Pool Of Buyers

New York City Developers Are Relying On A Shrinking Pool Of Buyers

Most of New York City’s largest developers are probably optimistic about the near future now that one of their own is occupying the most powerful office in the world. Bu, this very specific group of taxpayers stands to benefit immensely from several of the provisions that have appeared in the Senate or House plans: Repealing the AMT and estate taxes would allow them (and their heirs) to shave a pile of percentage points off their tax bills. And those are just two examples.

Pages