Finance Tips http://feed.informer.com/digests/YR0AWLRHMY/feeder Finance Tips Respective post owners and feed distributors Tue, 22 Jan 2019 19:13:32 +0000 Feed Informer http://feed.informer.com/ Bank of America Delivers Record Second-Quarter Profit https://www.youtube.com/watch?v=bf6PA1ZoDB8 Bloomberg TV Markets and Finance urn:uuid:e4979abf-bd04-fc9c-8ac0-a79f3bc56cc8 Wed, 17 Jul 2019 14:17:26 +0000 Markets Look to the Fed to Soothe Trade Tension Impact https://www.youtube.com/watch?v=cYZFMwBCH20 Bloomberg TV Markets and Finance urn:uuid:f8ebae85-bfe4-e863-40d6-3f0a1131e4cd Wed, 17 Jul 2019 14:16:24 +0000 CSX Cuts Forecast as Freight Rail Outlook Dims https://www.youtube.com/watch?v=6XX0Mn9a9yY Bloomberg TV Markets and Finance urn:uuid:c1e15abe-b14b-6494-7ab7-ce9337d55ac1 Wed, 17 Jul 2019 14:15:56 +0000 What to Watch for in Netflix's Second-Quarter Results https://www.youtube.com/watch?v=fwpLASbGjLo Bloomberg TV Markets and Finance urn:uuid:93aeb55b-57e8-70da-7b8f-2ba81b7a757b Wed, 17 Jul 2019 14:09:36 +0000 How BNP Could Benefit From Deutsche Bank Prime-Broker Deal https://www.youtube.com/watch?v=xAxpYz56HPc Bloomberg TV Markets and Finance urn:uuid:90773877-838e-3c3e-39ad-bda9fb304789 Wed, 17 Jul 2019 14:02:55 +0000 Bloomberg Turnaround: Moncler https://www.youtube.com/watch?v=2Lz5Rf7g1WE Bloomberg TV Markets and Finance urn:uuid:d841d5e1-1ccb-edfa-f2ed-e27760b43c21 Wed, 17 Jul 2019 13:52:37 +0000 Rebalancing the Global Economy: Some Progress but Challenges Ahead https://blogs.imf.org/2019/07/17/rebalancing-the-global-economy-some-progress-but-challenges-ahead/ IMF Blog urn:uuid:60e41d63-2dfb-0781-ef2f-55dcfda99ac3 Wed, 17 Jul 2019 13:30:26 +0000 By Gita Gopinath Following the global financial crisis, overall current account surpluses and deficits fell sharply from about 6 percent of global GDP in 2007 to about 3.5 percent in 2013. Since then, as shown in our new External Sector Report, global current account imbalances have declined only slightly to 3 percent of &#91;...&#93; <p>By <a href="https://blogs.imf.org/bloggers/gita-gopinath/">Gita Gopinath</a></p> <p>Following the global financial crisis, overall current account surpluses and deficits fell sharply from about 6 percent of global GDP in 2007 to about 3.5 percent in 2013.<span id="more-26821"></span> Since then, as shown in our new <a href="https://www.imf.org/en/Publications/ESR/Issues/2019/07/03/2019-external-sector-report"><em>External Sector Report</em></a>, global current account imbalances have declined only slightly to 3 percent of world GDP in 2018, while rotating toward advanced economies and away from emerging economies, including China whose current account is now broadly in line with fundamentals.</p> <p>Trade actions and tensions have so far not significantly affected global current account imbalances, as trade has been diverted to other countries with lower or no tariffs. Instead, as highlighted in an <a href="https://blogs.imf.org/2019/05/23/the-impact-of-us-china-trade-tensions/">earlier blog</a>, these trade tensions and related uncertainties are weighing on global investment and growth, especially in sectors most integrated into global supply chains (where production is carried out across multiple countries).</p> <p>Despite the narrowing of global current account imbalances, stock imbalances (measured as the sum of countries’ net foreign assets and liabilities) have continued to increase, as creditor countries have run surpluses and debtor countries have run deficits for the most part. At 40 percent of GDP, stock imbalances have reached a historical peak and are four times larger than in the early 1990s. Moreover, gross external debt liabilities of sovereigns and corporates have risen sharply in some economies in recent years, supported by benign global financing conditions. This entails financial stability risks not only for borrowers in deficit countries but also savers in surplus countries.</p> <div class="blockquote"> <p><strong>Trade actions and tensions have so far not significantly affected global current account imbalances.</strong></p> </div> <p>Having a proper understanding of countries’ external positions—current accounts, stock positions, and currencies—is critical to highlight policymakers’ shared responsibility to tackle external imbalances before they become too risky.</p> <p><a href="https://blogs.imf.org/wp-content/uploads/2019/07/eng-july-9-exr1.png"><img class="size-full wp-image-26826 aligncenter" src="https://blogs.imf.org/wp-content/uploads/2019/07/eng-july-9-exr1.png" alt="" width="550" height="701" /></a><a href="https://blogs.imf.org/wp-content/uploads/2019/07/eng-july-9-exr2.png"><img class="size-full wp-image-26827 aligncenter" src="https://blogs.imf.org/wp-content/uploads/2019/07/eng-july-9-exr2.png" alt="" width="550" height="722" /></a></p> <p><strong>Risks from external imbalances</strong></p> <p>External imbalances are not necessarily a <a href="https://blogs.imf.org/2018/07/24/addressing-global-imbalances-requires-cooperation/">cause for concern</a>, as there are good reasons for countries to run deficits and surpluses at certain points in time. For example, it is natural for young, fast growing economies to run deficits and borrow from aging advanced economies with weaker growth potential. But just as over-indebted households may lose access to credit if their earnings become insufficient to repay their debts, economies that borrow too much and too quickly from abroad may become vulnerable to sudden stops in capital flows. This would, in turn, negatively affect creditor economies as they would suffer losses on their external assets. Therefore, the challenge lies in determining when they are excessive or pose a risk.</p> <p>Using a combination of numerical tools and country-specific insights, we estimate that about 35–45 percent of overall current account surpluses and deficits were excessive in 2018. Excessive current account surpluses remained centered in the euro area (driven largely by Germany and the Netherlands) and in other smaller advanced Asian economies (Korea and Singapore), while excessive current account deficits remained concentrated in the United Kingdom, the United States, and some emerging market economies (Argentina and Indonesia).</p> <p>After many years of excess current account surpluses, China’s external position moved to become more broadly in line with fundamentals in 2018. This decline reflected a combination of structural factors and expansionary credit and fiscal policies, but also greater exchange rate flexibility and the associated real appreciation over the last decade.</p> <p><a href="https://blogs.imf.org/wp-content/uploads/2019/07/eng-july-9-exr3.png"><img class="size-full wp-image-26828 aligncenter" src="https://blogs.imf.org/wp-content/uploads/2019/07/eng-july-9-exr3.png" alt="" width="550" height="671" /></a></p> <p>Risks from the current configuration of external imbalances are generally contained, at least in the near term as current account deficits and debtor positions are largely concentrated in advanced economies that issue reserve currencies. That said, not everyone is immune. An intensification of trade or geopolitical tensions—with negative repercussions for global growth and risk appetite—could affect economies that are highly dependent on foreign demand or external financing.</p> <p>Over the medium term, in the absence of corrective policies to reduce imbalances, trade tensions could become entrenched. Moreover, a further increase in countries’ external debts in key countries could trigger costly disruptive adjustments that could spill over to the rest of the world.</p> <p>That’s why both surplus and deficit countries must work <em>together</em> to reduce excess global imbalances in a manner supportive of global growth and stability.</p> <p><strong>How to tackle imbalances</strong></p> <p>Many countries are now near full employment and have limited room to maneuver in their public budgets. So, governments need to carefully calibrate their policies to achieve domestic and external objectives. Countries with excess current account deficits, like the United Kingdom and the United States, should adopt or continue with growth-friendly fiscal consolidation, while those with excess current account surpluses, like Germany and Korea, should use fiscal space to boost public infrastructure investment and potential growth.</p> <p>Moreover, carefully tailored and sequenced structural policies should play a more prominent role in tackling external imbalances, while boosting domestic potential growth. Reforms that encourage investment and discourage excessive saving—for example through the removal of entry barriers or stronger social safety nets—would support external rebalancing in excess current account surplus countries. Reforms that improve productivity and workers’ skill base are appropriate to promote exports in countries with excess current account deficits. Even economies with external positions that we assess to be broadly in line with fundamentals, like China and Japan, need to adopt policies that address domestic imbalances and prevent a resurgence of external imbalances; this requires structural reforms that facilitate competition in sectors like services.</p> <p>Exchange rate flexibility remains key to facilitating external adjustment. As highlighted in this year’s analytical chapter, varying features of international trade, including the extent of integration into global value chains and trade invoicing in a dominant currency like the US dollar, can weaken some mechanisms of external adjustment and limit the benefits of exchange rate flexibility in the short term. So, exchange rate flexibility may need to be supported with other policies that bolster the export response, including through improved access to credit and transportation infrastructure. Allowing exchange rates to play their role, however, remains key to deliver durable medium-term rebalancing.</p> <p>More generally, all countries should avoid policies that distort trade, as they tend to come at the expense of global trade, investment, and growth. Instead, surplus and deficit countries should work toward reviving international trade and strengthening the rules of the multilateral trading system that have served the global economy well over the past 75 years.</p> <p><a href="https://blogs.imf.org/wp-content/uploads/2019/07/eng-july-9-exr4.png"><img class="size-full wp-image-26829 aligncenter" src="https://blogs.imf.org/wp-content/uploads/2019/07/eng-july-9-exr4.png" alt="" width="550" height="655" /></a></p> <p>&nbsp;</p> <h6>Related Links:<br /> <a href="https://blogs.imf.org/2019/05/23/the-impact-of-us-china-trade-tensions/">The Impact of US-China Trade Tensions</a><br /> <a href="https://blogs.imf.org/2019/04/03/economic-forces-not-tariffs-drive-changes-in-trade-balances/">Economic Forces, not Tariffs Drive Changes in Trade Balances</a></h6> One of the world's most beautiful subway systems was illegal to photograph until last year — take a look inside https://www.pinterest.com/pin/277252920797536436/ Business Insider urn:uuid:a802b65b-6b70-7b28-83c0-cf17031685dc Wed, 17 Jul 2019 13:30:16 +0000 <a href="https://www.pinterest.com/pin/277252920797536436/"> <img src="https://i.pinimg.com/236x/c7/b1/9c/c7b19c8dc78031f4ad7552ead761805a.jpg"></a> One of the world's most beautiful subway systems was illegal to photograph until last year — take a look inside SkyBridge's Gayeski Says Gold Is a 'No Doubt' Choice Over Treasuries https://www.youtube.com/watch?v=Qhg5jByqKbA Bloomberg TV Markets and Finance urn:uuid:ede25f88-0553-a367-1f98-acd43c5311b1 Wed, 17 Jul 2019 13:14:13 +0000 I have 26 credit cards — here's how I decide which one to use https://www.pinterest.com/pin/277252920797536168/ Business Insider urn:uuid:44651b5e-5ba2-052b-683a-b2eca7fa8efa Wed, 17 Jul 2019 11:30:33 +0000 <a href="https://www.pinterest.com/pin/277252920797536168/"> <img src="https://i.pinimg.com/236x/9f/65/1b/9f651b60a3ac4b811b0f984a5ab63c96.jpg"></a> I have 26 credit cards — here's how I decide which one to use Gabelli's Marangi Says Stay Invested, Don’t Try to Time Markets https://www.youtube.com/watch?v=S2NC_MVuWZM Bloomberg TV Markets and Finance urn:uuid:289778d3-156d-bbd5-02eb-7cbc42d9c054 Wed, 17 Jul 2019 11:06:57 +0000 LVMH CEO Arnault Overtakes Gates as World’s Second-Richest Person https://www.youtube.com/watch?v=dtxb7J7Yg0A Bloomberg TV Markets and Finance urn:uuid:abd0bd21-e177-29e3-2a20-141732102928 Wed, 17 Jul 2019 09:32:10 +0000 I ate the bacon, egg, and cheese biscuits from 4 major fast-food chains, and the winner surprised me https://www.pinterest.com/pin/277252920797535974/ Business Insider urn:uuid:f56b9618-ad00-5d86-0596-8f262b11fe9a Wed, 17 Jul 2019 09:30:01 +0000 <a href="https://www.pinterest.com/pin/277252920797535974/"> <img src="https://i.pinimg.com/236x/df/37/e4/df37e45c2226dede4b672c15e77c50c7.jpg"></a> I ate the bacon, egg, and cheese biscuits from 4 major fast-food chains, and the winner surprised me Ericsson Is on Track for 2020 Targets, Says CEO https://www.youtube.com/watch?v=jSz8eodD6T0 Bloomberg TV Markets and Finance urn:uuid:bedf901a-6800-b248-5dc7-893a46313033 Wed, 17 Jul 2019 08:31:46 +0000 Swedbank Slashes Dividend as Baltic Laundering Probes Drag On https://www.youtube.com/watch?v=0bDaBEY1dDs Bloomberg TV Markets and Finance urn:uuid:3353dc3b-650d-2888-0b0c-0140dc2c8255 Wed, 17 Jul 2019 07:38:29 +0000 Lotus Unveils $2.1M Electric Supercar https://www.youtube.com/watch?v=Z3Qurllam_M Bloomberg TV Markets and Finance urn:uuid:0a704c62-dc73-d231-99a8-ec8366e8d970 Wed, 17 Jul 2019 07:08:19 +0000 State Street’s Veitmane Likes U.S. Stocks https://www.youtube.com/watch?v=7iG7aX3Co-U Bloomberg TV Markets and Finance urn:uuid:b4399cae-0bcb-c5a0-107f-313323959e19 Wed, 17 Jul 2019 07:02:58 +0000 Arqaam Capital’s Rizk on Turkey’s Central Bank Governor, Interest Rates, Saudi Arabia https://www.youtube.com/watch?v=7pJmDlTbmv8 Bloomberg TV Markets and Finance urn:uuid:309875fa-d3ca-4e3c-9194-c467147fd9f0 Wed, 17 Jul 2019 06:13:18 +0000 Wells Fargo Well Positioned for Rate Cut and Not Nervous About Mortgages, CFO Says https://www.youtube.com/watch?v=CwFVyqYSzCk Bloomberg TV Markets and Finance urn:uuid:0d48913c-74fa-02a5-88a7-66043a96f0b2 Tue, 16 Jul 2019 21:56:49 +0000 How Oppenheimer's Alon Rosin Is Trading Yext and LivePerson https://www.youtube.com/watch?v=04ve00Kv8cE Bloomberg TV Markets and Finance urn:uuid:7403f8a8-01e5-9f86-17d8-6455b4ece25f Tue, 16 Jul 2019 21:34:58 +0000 The Leveraged-Loan Collapse That Reveals a Key Risk in the Credit Market https://www.youtube.com/watch?v=AyPAeqm6HuI Bloomberg TV Markets and Finance urn:uuid:a9e7a69b-5333-21e1-7c17-72b800d0dab6 Tue, 16 Jul 2019 19:45:45 +0000 Why Frontier Bonds Are Leading High-Yield Market Declines https://www.youtube.com/watch?v=c0w0_oevYAQ Bloomberg TV Markets and Finance urn:uuid:5bd38ec0-e4f8-d098-8869-664704ef85d7 Tue, 16 Jul 2019 19:38:59 +0000 Instagram is down for thousands of users https://www.pinterest.com/pin/277252920797532727/ Business Insider urn:uuid:48f56d30-ba1e-7d75-02e5-4b7f3c5308d2 Tue, 16 Jul 2019 19:29:38 +0000 <a href="https://www.pinterest.com/pin/277252920797532727/"> <img src="https://i.pinimg.com/236x/c1/d4/98/c1d4988dc4129d1699930b46249085d9.jpg"></a> Instagram is down for thousands of users Fed Pushing on a String as Credit Market Poses Significant Risk, Ex-Cantor CEO Says https://www.youtube.com/watch?v=hs236kcpw7U Bloomberg TV Markets and Finance urn:uuid:a7f85ecc-c414-9492-ac8e-276351db8c8f Tue, 16 Jul 2019 19:28:25 +0000 Facebook's Marcus Says He Would Accept His Full Pay in Libra https://www.youtube.com/watch?v=q-rg2LR0shs Bloomberg TV Markets and Finance urn:uuid:9398cfc0-3fd2-e53d-4dd7-aa4cb9e40bbe Tue, 16 Jul 2019 18:19:43 +0000 Sen. Brown: 'Crazy' to Let 'Dangerous' Facebook Experiment in Banking https://www.youtube.com/watch?v=ALoZo4Hzdoc Bloomberg TV Markets and Finance urn:uuid:1c0545a1-a664-58dd-4c57-c75d809c2a44 Tue, 16 Jul 2019 15:16:34 +0000 BofAML's Fund Manager Survey Sees Investors Reducing Cash, Adding Risk https://www.youtube.com/watch?v=7npiWN8kylU Bloomberg TV Markets and Finance urn:uuid:1297ee53-3ac5-8942-0680-937fee339727 Tue, 16 Jul 2019 15:05:10 +0000 Can Economic Data Stall the Fed's March to a Rate Cut? https://www.youtube.com/watch?v=d-bq-xJPfdY Bloomberg TV Markets and Finance urn:uuid:4836d87b-42b0-0b67-6234-25e893361955 Tue, 16 Jul 2019 14:58:20 +0000 Bank Results Show Strong Consumer Business, RBC's Cassidy Says https://www.youtube.com/watch?v=C_EooTeGRfg Bloomberg TV Markets and Finance urn:uuid:aa1c2ad7-1f03-9e11-a1b5-e4ab1cee2e2b Tue, 16 Jul 2019 14:58:07 +0000 J&J Raises Sales Forecast on Pharmaceutical Growth https://www.youtube.com/watch?v=tVOhCmz6Ux8 Bloomberg TV Markets and Finance urn:uuid:6c91efba-7fde-092a-7e94-4830794f20cc Tue, 16 Jul 2019 14:11:39 +0000 U.S. Retail Sales Rebound With Broad Gains in June https://www.youtube.com/watch?v=d0oIwPGC7iE Bloomberg TV Markets and Finance urn:uuid:d8e9803d-6a74-1e20-ecc5-75af9724760b Tue, 16 Jul 2019 14:03:15 +0000 Schwab in Talks for USAA's Brokerage, Wealth-Management Units: WSJ https://www.youtube.com/watch?v=RLbPR77-5fc Bloomberg TV Markets and Finance urn:uuid:51a2841c-0659-9ca6-24f9-8571036c32ab Tue, 16 Jul 2019 13:47:51 +0000 Wells Fargo Misses Lowest Estimates on Q2 Net Interest Income https://www.youtube.com/watch?v=QpRUiCvZ3P0 Bloomberg TV Markets and Finance urn:uuid:3ba1527c-652d-6b72-d0a7-a14cb992541f Tue, 16 Jul 2019 13:41:23 +0000 South Korea Flashes Warning for Global Stocks https://www.youtube.com/watch?v=R6kpRjQGyDY Bloomberg TV Markets and Finance urn:uuid:1e4b47da-9140-d1c6-f511-23879a7380a7 Tue, 16 Jul 2019 13:38:47 +0000 What it takes to stage a $14 million NYC apartment https://www.pinterest.com/pin/277252920797531580/ Business Insider urn:uuid:e70c49cb-fb17-d29d-8509-df0f974ec8dd Tue, 16 Jul 2019 13:30:04 +0000 <a href="https://www.pinterest.com/pin/277252920797531580/"> <img src="https://i.pinimg.com/236x/51/4b/37/514b374aaa80499f8ea61b93e5116d45.jpg"></a> What it takes to stage a $14 million NYC apartment Standard Chartered CEO Takes On Shareholders Over Pay: FT https://www.youtube.com/watch?v=mD1PTAwJe3g Bloomberg TV Markets and Finance urn:uuid:57f2bc05-82b8-c6a4-bb73-a15e844657d9 Tue, 16 Jul 2019 13:12:01 +0000 Goldman Sachs Beats Q2 Equities Trading Revenue Estimate https://www.youtube.com/watch?v=TqW1RTFUdL0 Bloomberg TV Markets and Finance urn:uuid:ca7f8ed4-5261-b46f-d513-f9b192839e3d Tue, 16 Jul 2019 12:52:57 +0000 Ackman's Burrito Bet Pays Off as Chipotle Rallies to a Record https://www.youtube.com/watch?v=owpsed-0U38 Bloomberg TV Markets and Finance urn:uuid:0e552c8c-7be2-0749-8297-988bbe6f43ec Tue, 16 Jul 2019 12:41:07 +0000 Rep. Dingell: We Need to Remember Who We Are as Americans https://www.youtube.com/watch?v=ezXul_w_gw4 Bloomberg TV Markets and Finance urn:uuid:4b39947d-7236-e3ce-f04d-3b3a9dc02695 Tue, 16 Jul 2019 12:15:27 +0000 JPMorgan Tops Q2 Revenue, Cuts Net Investment Income Outlook https://www.youtube.com/watch?v=rS50ASjzLU0 Bloomberg TV Markets and Finance urn:uuid:f206da68-3e2c-b7d8-e0b8-ef0bc2835927 Tue, 16 Jul 2019 12:10:34 +0000 The 3 most important lessons I'm teaching my kids about money all boil down to the same core concept https://www.pinterest.com/pin/277252920797531287/ Business Insider urn:uuid:64ed1f0c-0fd3-bc26-6673-7d91718d7816 Tue, 16 Jul 2019 11:30:05 +0000 <a href="https://www.pinterest.com/pin/277252920797531287/"> <img src="https://i.pinimg.com/236x/29/e8/9b/29e89babc76f7fff343eb5408d5a4a5e.jpg"></a> The 3 most important lessons I'm teaching my kids about money all boil down to the same core concept KBW CEO Sees Steady Drum Beat of Consolidation for U.S. Banks https://www.youtube.com/watch?v=vx7FDRzGNfU Bloomberg TV Markets and Finance urn:uuid:5d9a0a1f-dadd-6821-16be-3821e4f26fcf Tue, 16 Jul 2019 11:27:53 +0000 Trichet Says ECB Has the Right Policy Tools https://www.youtube.com/watch?v=C8PyH-COcfs Bloomberg TV Markets and Finance urn:uuid:49af4d50-4098-45cf-317a-29ff77acae3e Tue, 16 Jul 2019 11:17:54 +0000 Burberry Gets a China Boost From Latest Tisci Designs https://www.youtube.com/watch?v=zUcR0R13qZ0 Bloomberg TV Markets and Finance urn:uuid:de81f087-a0ff-8d81-2312-f14724c4de6e Tue, 16 Jul 2019 10:44:07 +0000 IMF's Lipton Says Sluggish Global Economy Needs a Response https://www.youtube.com/watch?v=9E1VL6_b5o0 Bloomberg TV Markets and Finance urn:uuid:cf9aac16-635f-9bc3-f703-5d66aa54548e Tue, 16 Jul 2019 10:41:58 +0000 Treat Pound Like an Emerging Market Currency: Royal London's Greetham https://www.youtube.com/watch?v=OQzijLY2lgM Bloomberg TV Markets and Finance urn:uuid:921dd3e6-c4d0-84ab-6f36-132401784841 Tue, 16 Jul 2019 10:02:21 +0000 We tried Burger King's new $1 tacos and found they were nothing like what we expected https://www.pinterest.com/pin/277252920797530889/ Business Insider urn:uuid:35645155-536f-c145-3b01-619bc9d540a0 Tue, 16 Jul 2019 09:30:03 +0000 <a href="https://www.pinterest.com/pin/277252920797530889/"> <img src="https://i.pinimg.com/236x/ce/0f/7c/ce0f7c6c6eb00937fe17264f287d40b7.jpg"></a> We tried Burger King's new $1 tacos and found they were nothing like what we expected Bayer Roundup Award Slashed to $25M https://www.youtube.com/watch?v=kkH4ziK5vMY Bloomberg TV Markets and Finance urn:uuid:e9888ed4-a635-a1bd-e325-3dfa5b1b4847 Tue, 16 Jul 2019 09:08:49 +0000 European Yields Are Going to Remain Heavy, Says Emirates NBD’s Fox https://www.youtube.com/watch?v=UaoU_MSjsXY Bloomberg TV Markets and Finance urn:uuid:03b8da5b-b7ab-65fe-5a90-354bac039bdd Tue, 16 Jul 2019 06:41:43 +0000 China Beige Book CEO Doesn't Believe China's GDP Data https://www.youtube.com/watch?v=B3tSlxFF5rk Bloomberg TV Markets and Finance urn:uuid:7788b45f-52ca-50d8-6328-abe085ddaeba Mon, 15 Jul 2019 22:25:56 +0000