Let’s be honest and not political. The “Best Ever Trade Deal” isn’t awesome. The trade Bean Deal “Phase One” is nothing. China buys a ton of soybeans (as 1/3 of their herd is killed by Swine Flu) while we postpone taking tariffs up from 25% to 30%. Does anyone think it’s more meaningful than that?
This week’s Bloomberg column from Barry Ritholtz looks at the lackluster collective performance of Ivy League university endowments: Harvard: 6.5%, Yale 5.7%; University of Pennsylvania 6.5%; Dartmouth 7.5%; Brown 12.4% (Smallest Ivy endowment of ~$4 billion) (Princeton, Cornell and Columbia have yet to report). Other notable near-Ivy League status endowments: Massachusetts Institute of Technology (MIT)
In a recent Bloomberg article, Warren Buffett was offering to inject $5 billion into Bank of America so he did what any billionaire would do: call the Help Line. The bathtub epiphany that led Warren Buffett to pump $5 billion into Bank of America Corp. after the financial crisis has been retold many times. Now,
China’s debt levels are unsustainable. China’s private nonfinancial sector credit is roughly 2x its nominal GDP. That ratio compares to 1.6x for the US and Japan and 1.5x for the Eurozone. Moreover, four-fifths of all credit resides on bank balance sheet in the mainland – a much higher ratio than those of peer economies. This
In looking at the below Chart of the Day, you have to wonder if this image via @SoberLook serves as a warning to the Private Equity managers and General Partners (GP.’s) who are sitting atop a record $2.5 trillion in dry powder? The chart is of the CDS market for SoftBank. As you recall SoftBank