Sunday, November 8, 2015

Anti-Austerity Socialists Topple Portugal's Two-Week Old Government; Modern Day Brezhnev Doctrine Review + MORE 2:19 am Nov 9th

R.I.P. BRIC

– thereformedbroker.com

BRIC just officially died. Goldman will hold the funeral.
Bloomberg:
The BRIC era is coming to an end at Goldman Sachs Group Inc.
The bank’s asset-management unit folded its money-losing BRIC fund, which invests in Brazil, Russia, India and China, and merged it last month with a broader emerging-market fund…

Continue Reading On thereformedbroker.com »

The recent Portuguese election on October 4th were “inconclusive”. The center-right scored the most votes but could not muster a coalition majority.A coalition of leftist parties could form a government, but the president of Portugal (a largely symbolic position except in cases like these) refused to appoint a leftist prime minister on the grounds that they represent anti-European forces…

Continue Reading On globaleconomicanalysis.blogspot.com »

The Fly In The Buyback Ointment: Corporate Leverage Is At Record LevelsWe’ve gone out of our way over the last year to explain that whatever monthly flow was lost to the taper was promptly recouped by corporate management teams via an endless stream of ZIRP-induced buybacks.  Put simply, thanks to the now ubiquitous global hunt for yield, anything that even looks like a creditworthy company can borrow for nothing and then promptly funnel the proceeds into EPS-inflating buybacks…

Continue Reading On zerohedge.com/ »



from Royalty Gateway http://www.royaltygateway.com/anti-austerity-socialists-topple-portugals-two-week-old-government-modern-day-brezhnev-doctrine-review-more-219-am-nov-9th/

R.I.P. BRIC

– thereformedbroker.com

BRIC just officially died. Goldman will hold the funeral.
Bloomberg:
The BRIC era is coming to an end at Goldman Sachs Group Inc.
The bank’s asset-management unit folded its money-losing BRIC fund, which invests in Brazil, Russia, India and China, and merged it last month with a broader emerging-market fund…

Continue Reading On thereformedbroker.com »

The recent Portuguese election on October 4th were “inconclusive”. The center-right scored the most votes but could not muster a coalition majority.A coalition of leftist parties could form a government, but the president of Portugal (a largely symbolic position except in cases like these) refused to appoint a leftist prime minister on the grounds that they represent anti-European forces…

Continue Reading On globaleconomicanalysis.blogspot.com »

The Fly In The Buyback Ointment: Corporate Leverage Is At Record LevelsWe’ve gone out of our way over the last year to explain that whatever monthly flow was lost to the taper was promptly recouped by corporate management teams via an endless stream of ZIRP-induced buybacks.  Put simply, thanks to the now ubiquitous global hunt for yield, anything that even looks like a creditworthy company can borrow for nothing and then promptly funnel the proceeds into EPS-inflating buybacks…

Continue Reading On zerohedge.com/ »

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