Federal Housing Finance Agency Says It Wants An Alternative To the FICO Credit Scoring System
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`` Dalio splits up the economy into two separate sections: the top 40% and the bottom 60%. He then runs through a number of different statistics showing that the economy for the bottom 60% of the population -- or three in five Americans -- is...
Your leaders are increasingly coming from a narrower group of universities, companies and socioeconomic classes. Your companies are now solving "my-world problems" (food delivery, cold-pressed on-demand juice) versus the "real-world problems"...
``Today, despite sky-high FANG valuations, the S&P market-cap weighted and equal-weighted indexes both trade at around 22 times earnings. Thanks to the trillions of dollars printed by the Federal Reserve (and the popularity of passive...
Unlike government debt, which can be rolled over continuously, consumer loans actually need to be paid back. And despite low official interest rates from the Federal Reserve, those often do not trickle down to financial products like credit...
``"...investors seeking yield are overcoming their skepticism and buying into securities that rely on financial engineering to juice returns. Volumes of CLOs, or collateralized loan obligations, hit a record $247 billion in the first nine months...
``Over the past few years, and building up into a powerful crescendo that culminated just a few months ago, Chinese conglomerates have been buying up whatever they could get their hands on with precariously borrowed money. But now they're being...
Why Fake News Is So Harmful to Investors Markets are different from politics; they punish those who believe what isn’t true. Bloomberg, October 23, 2017 Facebook Inc., Alphabet Inc. (Google)...
This is a pretty fascinating – and surprising — collection of data: Source: Federal Reserve of St. Louis
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Back to work with our Monday morning train reads: • How Saudi Arabia Is Building Its $2 Trillion Fund (BloombergBusinessWeek) • Captains of Finance Dismiss Bitcoin at Their Peril (Wired) • Fisher:...
Winner: Uber — or more specifically, Uber’s board, for taking the power back. Loser: Supermarkets (and everyone else) declining at the hands and rumors of Amazon. Winner: Tobacco brands. They’re...
Fintech: Is This Time Different? A Framework for Assessing Risks and Opportunities for Central Banks
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Those who see governments banning ownership of bitcoin are ignoring the political power and influence of those who are snapping up most of the bitcoin.
To really understand an asset, we have to examine not just the asset itself but who owns it,...
Source: Bloomberg
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``According to a fascinating new WSJ report, China's housing downturn is likely far worse than meets the eye, as under Beijing's direction more than 200 cities across China for the last three years have been buying surplus apartments from...
Japanese Prime Minister Shinzo Abe and his ruling coalition are on course for a landslide win in Sunday's parliamentary elections, exit polls show. Abe had called the snap vote to seek a boost to his parliamentary majority and is likely to use...
Average monthly take-home pay won't cover the cost of buying a 1,000-square-foot residence or renting a three-bedroom home in any of the 105 metropolitan areas ranked by the Bloomberg Global City Housing Affordability Index -- based on a...
Lender Disorganization Prevented 70% More Homeowners From Getting HAMP Modifications
It's easy to imagine how wealth-attained advantage works in real life. "The people with that advantage receive better returns on their investments, lower interest rates on loans, and better financial advice," said Boghosian. "Conversely, as...
``There's a strong negative correlation between commercial traders' short positions and the Dow Jones Industrial Average, as the below chart shows. When short positions increase, the DJIA usually falls ... perfect timing! ... The other big...
Two wealthy regions of northern Italy began voting on Sunday in referendums for autonomy, ballots that could fan regional tensions in Europe at a time when neighboring Spain is striving to prevent Catalonia from breaking away.
Lombardy and...
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