Global bond issuance highest in nearly a decade
September 18, 2016--Global bond issuance is running at its fastest pace in nearly a decade as companies, countries and US agencies such as Fannie Mae and Freddie Mac binge on debt in an era of historically low interest rates.
Source: FT.com
Banks face $5bn hit to research teams as asset managers cut spending
September 18, 2016--Asset managers intend to cut their analyst research budgets by 30 per cent, heaping more pain on the investment banking industry that has already been forced to make thousands of people redundant on the back of falling profitability.
Source: FT.com
September 2016 BIS Quarterly Review: Markets pass Brexit test
September 18, 2016-Markets recovered quickly from the shock of the Brexit vote. Central banks have exerted a calming influence and have eased further in recent months as dissonant markets raised questions about the outlook and the pricing of underlying risks.
"There has been a distinctly mixed feel to the recent rally-more stick than carrot, more push than pull, more frustration than joy. This explains the nagging question of whether market prices fully reflect the risks ahead," said Claudio Borio, Head of the Monetary and Economic Department.
view the BIS Quarterly Review, September 2016
Source: BIS
How Our Cities Impact the Future Incomes of Children
September 16, 2016--Certain cities in America are better for upward mobility
In the long-standing psychology debate on nature versus nurture, the question is whether it is our genes or our experiences that hold the keys to our future.
The short answer to this question, according to many of today's scientists and psychologists, is that nature and nurture are always working together. In other words, genes do what they do depending on their context, and nature and nurture work to influence each other constantly.
Source: visualcapitalist.com
We are still groping for truth about the financial crisis
September 16, 2016--Eight years after Lehman's collapse, further proof that we do not know what we thought we knew
It has been eight years since Lehman Brothers went bankrupt and still it defines the calendar. For anyone in the financial world, time is divided into Before Lehman, and After Lehman.
Source: FT.com
DECPG Global Weekly
September 16, 2016--TAKING STOCK
WEEKLY INSIGHT-U.S. industrial production shrank, retail sales fell, and producer prices held steady in August
In the Euro Area, inflation was confirmed at 0.2 percent, and industrial production fell
In China, industrial production and retail sales exceeded expectations in August
Sovereign bond yields soared
S&P lowered Rwanda ratings
Risk Indicators used to Assess Uncertainty around Global Growth Forecasts
Since June 2016, the World Bank's global growth forecasts include an assessment of risks around these forecasts, summarized in a fanchart (Global Economic prospects, June 2016). Global growth risks are quantified based on data for three risk factors- equity price futures, term spreads, and average of Brent and WTI crude oil forward prices-because of their tight connection with global growth prospects.
Source: World Bank
BlackRock-ETP Landscape-Global flows ahead of 2015 pace
September 16, 2016--Industry Highlights
GLOBAL ETP FLOWS ACCELERATE AHEAD OF 2015 PACE AS EMERGING MARKETS CLIMB TO RECORD TERRITORY
Global ETPs brought in $39.8bn in August driving year-to-date flows ahead of 2015 pace on strength in emerging markets (EM) and U.S. equities as well as EM debt and investment grade corporate bonds
Broad EM equities gathered $6.2bn and EM debt funds collected $1.9bn with both categories on record year-to-date pace amid a leveling of commodity prices and a weaker U.S. dollar
U.S. equities generated inflows of $16.6bn focused in large caps and with strong flows to dividend-weighted and preferred stock strategies as investors continued to search for income
Source: BlackRock-ETP Research
Asset managers told to hold more capital
September 15, 2016--In the wake of the financial crisis, regulators around the world shone a spotlight on the spare cash banks held on their balance sheets, strengthening capital requirement rules in an attempt to reduce risks.
Source: FT.com
Singapore Tops List of ASEAN Countries on 2016 Logistics Performance Index, Ranked 5th Globally
September 15, 2016-- Progress in logistics performance has slowed for the first time since 2007 for least developed countries, while ASEAN economies displayed a mixed trend, with some countries backsliding in their overall logistics performance and others performing above the regional average, according to the latest edition of the Logistics Performance Index, part of the bi-annual report published by the World Bank Group, "Connecting to Compete 2016: Trade Logistics in the Global Economy."
Top performing countries have remained relatively consistent since 2010, and include dominant players in the supply chain industry. Germany ranked first for the second time in a row, followed by Luxembourg, Sweden, the Netherlands and Singapore.
view the "Connecting to Compete 2016: Trade Logistics in the Global Economy" report
Source: World Bank
Forced Displacement: A Developing World Crisis
September 15, 2016--Rooted in 10 conflicts, majority of refugees have been hosted by 15 countries, says new World Bank report
September 15, 2016-Forced displacement is a crisis centered in developing countries, which host 89 percent of refugees and 99 percent of internally displaced persons, says a new World Bank report.
At its root are the same 10 conflicts which have accounted for the majority of the forcibly displaced every year since 1991, consistently hosted by about 15 countries-also overwhelmingly in the developing world.
Source: World Bank