… His subject for the morning is “hyper wealth.” His subject is always wealth—how capital should react to the given global political, economic, and cultural moment. The otherwise baronial dining room is disturbed by an ever-present white board, on which he scribbles calculati...
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…rnment is on the verge of a shut down. These are not the top secret opening lines to Aaron Sorkin's new script, but the global headlines of a world spinning out of control. I head to Los Angeles like an overdressed lemming to attend the 83rd Academy Awards and attempt to make sen...
…returns to around 7%. European HY outperforms the US. & Negative scenario USD HY spread target (6-month): 1,000bps e A global recession is the major risk for high yield bonds. Based on the robust state of the corporate sector, we would not expect spreads to surpass "usual" reces...
…edict an economic slowdown___even if it doesn't lead to a recession like the one in 2008___will be enough to change the global attitude around big American companies. "So the really shocking thing this year is that the only major economy in the world where growth has actually acc...
Global Retail Location The Site’s location on Las Vegas Boulevard is one of the most highly trafficked shopping and entertainment districts in the world. Las Vegas’ unique shopping experience is an integral component of its international identity as a premier entertainment and r...
Global and Glocal Knowledge Representation
i.e. a hard landing of the economy. This could be triggered by a global
the PE-ratio of the market is relatively high compared to the global average
Global and Glocal Knowledge Representation
… most frequently cited in figure 28), all measures link level of reserves to potential drawdown of funds. Following the Global Financial Crisis of 2008, DM High FME central banks increased estimates of the likelinood and size of potential drawdowns, increasing the level of reserv...
… and policy, and the curious open and generative nature of the phenomenon, we will delve into the net as a contingently global phenomenon, and the way that complicates regulation by traditional sovereigns. Our case study will be the current debates around implementation of Europe...
…rnment is on the verge of a shut down. These are not the top secret opening lines to Aaron Sorkin's new script, but the global headlines of a world spinning out of control. I head to Los Angeles like an overdressed lemming to attend the 83rd Academy Awards and attempt to make sen...
…7E 4Q17E @ Total Google Revenue Y/Y (ex-FX) m= Google Website Y/Y (ex-FX) Source: Company reports, BofA Merrill Lynch Global Research For core margins, we assume y/y contraction through 3Q17, after which we model a slight uptick in 4Q17. For the year, we assume core Google mar...
The global financial crisis took all countries by surprise and was much bigger than any economy or large companies across the world. It is not really helpful for anyone to claim wisdom in hindsight. Learning the lesson well is the true bottom line of this crisis. I have always re...
…elf. As the British central banker and economist Andy Haldane observed, the world had never before suffered a genuinely global financial crisis, with every county on the planet, tied together as they were by finance and technology (and fear), tumbling off a cliff at the same, nan...