Money and Finance
A 28-year low seemed worth mentioning.
- Links
Ray Dalio, head of the world's largest hedge fund, explains his succession plan for Bridgewater and how its 'radically transparent' culture is misunderstood [H/T Linc] (LINK) Fortune on Ex-Lehman CFO Erin Callan's Stunning New Memoir,...
- The Japan Syndrome: Rising Rates And Risky Exposures – By Jason Zweig
That was close. The U.S. stock market escaped the selloff in the Japanese market—at least for now. When the Nikkei Stock Average dropped 7.3% this Thursday, the Standard & Poor's 500-stock index fell by as much as 1.1% during the day, only to...
- A New Year, But Some Old Issues – By Bill Bishop
Last week’s column concluded with the comment that a resolution to the Chinese-Japanese dispute over the Diaoyu/Senkaku Islands seemed far away despite hopeful talk about the possibility of a summit meeting between Xi Jinping of China and Shinzo Abe...
- Moody's Sees Home Prices Dropping 10% In U.s.
Found via Naked Capitalism.Sales of repossessed properties probably will rise 25 percent this year from 1 million in 2011, according to Moody’s Analytics Inc. Prices for the homes could drop as much as 10 percent because they deteriorated as they were...
- From Ice Age To Hyper-inflation With Socgen Bear
(Reuters) - Three months ago, with the Federal Reserve nearing the end of its second major stimulus program and inflation pressures on the rise, Albert Edwards' bond market view stood out from the crowd. Societe Generale's famously bearish analyst,...
Money and Finance
Japan's Topix hits 28-year low
A 28-year low seemed worth mentioning.
TOKYO, June 4 (Reuters) - Japan's shares fell sharply on Monday, with the broader Topix index hitting a 28-year low, as investors rushed to sell riskier assets on disappointing U.S. jobs data, deepening debt woes for the euro zone and slowing Chinese growth.
The more tech-heavy Nikkei index also slid and has now dropped 19 percent from a one-year high marked on March 27, flirting with a fall into bear market territory, often defined as a slide of 20 percent within two months.
The broader Topix index lost as much as 2.4 percent to 692.18, a level not seen since late 1983. Last week, it fell for a ninth straight week, marking its longest such run since 1975.
- Links
Ray Dalio, head of the world's largest hedge fund, explains his succession plan for Bridgewater and how its 'radically transparent' culture is misunderstood [H/T Linc] (LINK) Fortune on Ex-Lehman CFO Erin Callan's Stunning New Memoir,...
- The Japan Syndrome: Rising Rates And Risky Exposures – By Jason Zweig
That was close. The U.S. stock market escaped the selloff in the Japanese market—at least for now. When the Nikkei Stock Average dropped 7.3% this Thursday, the Standard & Poor's 500-stock index fell by as much as 1.1% during the day, only to...
- A New Year, But Some Old Issues – By Bill Bishop
Last week’s column concluded with the comment that a resolution to the Chinese-Japanese dispute over the Diaoyu/Senkaku Islands seemed far away despite hopeful talk about the possibility of a summit meeting between Xi Jinping of China and Shinzo Abe...
- Moody's Sees Home Prices Dropping 10% In U.s.
Found via Naked Capitalism.Sales of repossessed properties probably will rise 25 percent this year from 1 million in 2011, according to Moody’s Analytics Inc. Prices for the homes could drop as much as 10 percent because they deteriorated as they were...
- From Ice Age To Hyper-inflation With Socgen Bear
(Reuters) - Three months ago, with the Federal Reserve nearing the end of its second major stimulus program and inflation pressures on the rise, Albert Edwards' bond market view stood out from the crowd. Societe Generale's famously bearish analyst,...