Archive January 2020
All of the articles archived for the month that you have specified are displayed below.
Week InAdvance: January 27, 2020
Week InReview: January 24, 2020
Many Davoses at Davos
"And then there is the hidden Davos: the private, off-the-record events organized by the World Economic Forum. These secretive invite-only meetings are held under the Chatham House rule, a strict guideline that protects the anonymity of participants in order to facilitate frank discussion. These, along with the equally confidential bilateral meetings held between participants in corridors and hotel lobbies, is the Davos with the potential to usher in great social changes.
"In the hidden Davos opposing social forces, activists and elites, can put their egos and personas aside to speak freely and find common cause for joint action on the global crises that impact us all – from income inequality to climate change. It is here that the argument can be made that elites must stop suppressing protest and instead harness the creative energy of social movements to achieve great changes. The Forum is perhaps the only place on earth where these opportunities for fraternization are possible."
— Bloomberg Opinion
Week InAdvance: January 20, 2020
Week InReview: January 17, 2020
Sometimes it doesn't pay to state the obvious.
"Well the cat’s out of the bag. The worst kept secret in the financial world is now not only accepted orthodoxy, but finally being discussed openly by, at least some, authorities. Central bank policies are directly driving asset prices and the bubbles therein. It’s what they do. It has been so stunningly obvious that, at this point, it makes a mockery of things to deny it as an ongoing, and essential, part of how their strategy is implemented. Oddly enough, however, it’s a revelation that is, apparently, coming late to many people with a lot of savings and nothing to show for it. And it is an undeniable factor in this January’s price action."
Richard K Breslow, Trader's Notes
— Bloomberg Government
Week InAdvance: January 13, 2020
Week InReview: January 10, 2020
Jan. 9, 1790: 'This Day in Financial History'
"Insider trading gets off to a roaring start as Treasury Secretary Alexander Hamilton submits to Congress his 'Report on the Public Credit,' which proposes buying up distressed bonds to consolidate the national debt. U.S. and state bonds, which had been trading at a fraction of their value, immediately surge in price. In one of the earliest, and most shocking, cases of insider trading on record, several members of Congress hire sailboats and stagecoaches to take them south faster than the news can travel by foot. They can snap up bonds at bargain prices before Southern newspapers spread the news of Hamilton's proposals."
— The Wall Street Journal
Week InAdvance: January 6, 2020
Week InReview: January 3, 2020
The financial lesson of 2008-2009 that most investors have forgotten
If 2000-2009 was the Lost Decade for investors, 2010-2019 was the Decade of Forgetting. In March 2008, E.S. Browning wrote for The Wall Street Journal that “we may be in another lost decade” for stocks, like the Great Depression and the 1970s. He was right.