Business

For the past several months we've discussed many theories about how the new MiFID II rules in Europe might drastically change the investment banking research business model.  For those who haven't followed this narrative, MiFID II is a new set of regulations in Europe that requires investment banks to charge separately for research as opposed to just lumping it into an asset manager's trading fees. 

Here are a couple of our thoughts/predictions:

Authored by Jonathan Rochford via Narrow Road Capital,

Authored by Caroline Baum via MarketWatch.com,

Yes, GDP may get a temporary boost from rebuilding, but there’s nothing positive about destruction

Once the immediate danger of a natural disaster subsides, and the loss of life, property damage, cost of rebuilding, and degree of insurance coverage can be assessed, attention generally turns to the economic effect. How will Hurricane Harvey affect the nation’s gross domestic product?

Authored by Mike Shedlock via MishTalk.com,

The Phillips Curve, an economic model developed by A. W. Phillips purports that inflation and unemployment have a stable and inverse relationship.

This has been a fundamental guiding economic theory used by the Fed for decades to set interest rates.

A new Fed Study shows the Phillips Curve Doesn’t Work.

If NKorea doesn't launch a rocket tonight, stocks may sell off tomorrow

— zerohedge (@zerohedge) August 29, 2017

Blink and you missed it...

The message from the plunge/panic protection team is clear...