FIG Topics of Interest

 

04/07/17

The U.S. missile strikes Thursday on a Syrian air base were conducted without formal Congressional approval. Some questions and answers about how and why presidents can conduct military action without permission from the 535 representatives of the American people.

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04/05/17

Little more than 2 1/2 years from now, the global fleet of merchant ships will have to reduce drastically how much sulfur their engines belch into the atmosphere. While that will do good things -- like diminishing the threat of acid rain and helping asthma sufferers -- there’s a $60 billion sting in the tail. 

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04/04/17

Ford Fusion: down 37 percent. Chevrolet Malibu: down 36 percent. Toyota Prius: down 29 percent.
As those grim numbers suggest, the U.S. auto industry was blindsided last month by just how fast sedans have fallen out of favor with Americans now embracing roomier sport utility vehicles. Family-friendly crossovers may be more profitable, but the quick shift is causing headaches.


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04/03/17

Results from RJO's MSR Hedging Survey for IMN Conference March 27-28th, 2017

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04/03/17

Seven Chinese companies have defaulted on a total of nine bonds onshore so far in 2017, versus 29 for all of last year, according to data compiled by Bloomberg. In a sign of the struggles facing China’s old economic model, most of them depend on heavy industry and construction. While it’s still far from a crisis point, the defaults shows how policy makers’ efforts to reduce the liquidity that had propelled the bond market until late last year is exacting casualties.

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03/31/17

The student housing sector is attracting increased attention from major investors, who see the sector as offering less rental growth volatility and a recession-resistant hedge to conventional apartments. 

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03/30/17

Is Brexit a divorce, or is the UK leaving a club? This is the first question to answer as negotatiors discuss the key aspects of the EU-UK financial settlement. The authors present various scenarios, and find that the UK could be expected to pay between €25.4 billion and €65.1 billion. But the final cost can only be calculated after extensive political negotiations.

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03/29/17

Subprime auto-loan securitizations, have risen to 32.5% from 5.1% since 2010.
Scottish lawmakers backed plans to pursue a second independence referendum.
Industrial robots have had a "large" and negative effect on US employment and wages.
How long can a country remain rich without manufacturing?
US Interior Secretary Zinke is kick-starting a process that could lead to companies paying higher royalties for oil, gas and other energy resources.
Measuring Labor Utilization: The Non-Employment Index
Toshiba said Westinghouse's board was considering bankruptcy.  they have filed for Chapter 11 protection in New York.
Cisco learned its equipment was vulnerable to hacking, after Julian Assange disclosed earlier this month that his anti-secrecy group obtained CIA tools for hacking into technology products made in the USA.
SpaceX is about to make history by re-launching a used Falcon 9 rocket.

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03/29/17

“The securitization market has become more heavily weighted towards issuers that we would consider deep subprime,” the strategists wrote. “Auto loan fundamental performance, especially within ABS pools, continues to deteriorate.”

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03/28/17

President Trump and House Speaker Paul D. Ryan both want to rewrite the tax code, but their proposals differ on how much tax relief to give the middle class.

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