Michael Burry, one of the first investors to call and profit from the subprime mortgage crisis, is seeing a similar bubble in passive investing, according to Bloomberg News.
— Read on www.cnbc.com/2019/09/04/the-big-shorts-michael-burry-says-he-has-found-the-next-market-bubble.html
Capitalism is in a moment of crisis – and business leaders know it
The financial crisis and the Great Recession bared and exacerbated the consequences that came from embracing market forces in ways that 10 years of recovery have not erased, writes John Harwood.
— Read on www.cnbc.com/2019/09/04/capitalism-is-in-a-moment-of-crisis-and-business-leaders-know-it.html
Bank of Canada Balks at Joining the Global Rate-Cutting Trend – Bloomberg
The Bank of Canada resisted pressure from investors to signal it will soon follow global peers in easing monetary policy.
— Read on www.bloomberg.com/news/articles/2019-09-04/bank-of-canada-holds-rates-steady-even-amid-global-easing-trend
Traders Say More Rates Cuts After 32 in 2019 – Bloomberg
Central banks have delivered 32 interest-rate cuts globally this year as a worsening U.S.-China trade war drags down global economic growth. Swap markets suggest we’re not even at the halfway mark for cuts yet.
— Read on www.bloomberg.com/news/articles/2019-09-05/after-32-rate-cuts-in-2019-traders-say-much-much-more-to-come
Central Banks Dust Off Old Tools to Stem Risks From Easy Money – Bloomberg
As global central banks swing back into easing mode, old tools long frowned upon by monetary purists are being embraced to ensure cash goes where it’s needed.
— Read on www.bloomberg.com/news/articles/2019-09-04/central-banks-dust-off-old-tools-to-stem-risks-from-easy-money
Nobel Laureate Shiller Says U.S. Home Prices Could Start Falling – Bloomberg
Nobel laureate Robert Shiller said he “wouldn’t be at all surprised” if U.S. house prices soon started to decline.
— Read on www.bloomberg.com/news/articles/2019-09-05/nobel-laureate-shiller-says-u-s-home-prices-could-start-falling
eSports vs. Sports: How They Compare in Audience and Revenue
eSports has evolved into a billion dollar industry in just a decade, but how does it fare against traditional sports when it comes to monetization?
— Read on www.visualcapitalist.com/how-the-esports-industry-fares-against-traditional-sports/
Bank of Canada expected to hold interest rates in September 4 decision
Economists polled in a recent report are expecting the Bank of Canada to hold its current interest rate…for now.
— Read on ca.finance.yahoo.com/news/its-only-a-matter-of-time-before-the-bank-of-canada-cuts-interest-rates-174605304.html
Negative Rates Are a Cash Cow for Denmark’s Mortgage Lenders
(Bloomberg) — In Denmark, where banks have been grappling with negative interest rates longer than in any other country, there’s one corner of their business that’s raking in a lot more money.Low rates are driving record numbers of borrowers to seek cheaper mortgages, generating bumper fees for an industry
— Read on ca.finance.yahoo.com/news/negative-rates-cash-cow-denmark-040000894.html
Gold seen cracking US$1,600 as Fed goes for cut, cut, cut, cut – BNN Bloomberg
Gold seen cracking US$1,600 as Fed goes for cut, cut, cut, cut – BNN Bloomberg
— Read on www.bnnbloomberg.ca/gold-seen-cracking-us-1-600-as-fed-goes-for-cut-cut-cut-cut-1.1310692