Category Archives: Main Page

Re-steepening yield spreads and CEO sentiment

Posted on January 8, 2020 by Danielle Park

In our December 31 client letter, we discussed the re-steepening in the US 10-year and 3-month yield spread that has been underway since 2019, as the US Fed began cutting its policy rates once more. An inversion of the 10-year-3-month … Continue reading →

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HBR: Why stock buybacks are dangerous for the economy

Posted on January 8, 2020 by Danielle Park

Two of the leading democratic candidate contenders have proposals to greatly curtail share buybacks as a form of illegal market manipulation.  Last October the International Monetary Fund’s Global Financial Stability Report, noted “debt-funded payouts” as a form of financial risk-taking … Continue reading →

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Overbuilt condo market weighing on Manhattan

Posted on January 7, 2020 by Danielle Park

A new report from Halstead Development Marketing says Manhattan has 7,050 unsold, newly built condo units and 85% of them — almost 6,000 — haven’t been formally listed for sale.  See Manhattan’s flood of new condos could take six years … Continue reading →

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