Markets German Bund yields in fixed income markets gapped lower at the open this morning, catching up with US Treasuries late yesterday and in Asian dealings this morning. The drop was followed by a drift higher only to reverse course again after some comments from Villeroy. The French ECB governor said he’s open to rate […]
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Warner Bros. Discovery is in a tough spot. The media giant is at risk of losing its prized rights to the NBA to Comcast and NBC after they offered $2.5 billion per year for a Read more…
Part III: Where Is Stagflation Headed from Here? Summary In the first installment of this series, we presented a simple framework to characterize stagflation and identified 13 instances in the United States since 1950. We Read more…
The ISM Manufacturing Index slipped back into contractionary territory in April, dipping to 49.2, from 50.3 in March. Even so, 9 of 16 industries reported growth in April – the same as in March. Demand Read more…