Tuesday, August 30, 2016
Central Banks: "Natural Rates and Terminal Fed Funds"
From Marc to Market:
The market recognizes that the indication by the FOMC at the end of last year that four rates hikes in 2016 may be appropriate was far from the mark. At the same time, investors are coming around to the prospects that the Fed is not one and done either.
A key issue for investors and policymakers is what is the terminal rate for Fed funds. This terminal rate is what
Agriculture: "Grain markets' lurch lower catches hedge funds off guard"
Last
Chg
Corn
320-4-0-2
Soybeans
962-4-1-6
Wheat
399-4+2-4
From Agrimoney:
The extent of the latest lurch lower in grain prices appears
to have taken by surprise even hedge funds, which had cut their bearish bets on
the complex – raising questions over whether fresh selling lies in wait.
Managed money, a proxy for speculators, raised its net long
position in futures and options in
Reinsurance: “Steep Decline” in Operating Results in H1 2016--Fitch
From Artemis:
Reinsurance company operating results suffered a “steep decline” in the
first-half of 2016, according to Fitch Ratings, as return on average
common equity (ROAE) plummeted by 36% compared to the same period in the
prior year.
Reinsurers remain under pressure and, as ever at this time of year
with the key industry meetings of the Monte Carlo Reinsurance Rendezvous
and
Reinsurance company operating results suffered a “steep decline” in the
first-half of 2016, according to Fitch Ratings, as return on average
common equity (ROAE) plummeted by 36% compared to the same period in the
prior year.
Reinsurers remain under pressure and, as ever at this time of year
with the key industry meetings of the Monte Carlo Reinsurance Rendezvous
and
Oil: Norway's Statoil Expects 'Loads of' M&A Deals Coming Up, Strategy Chief Says
From Reuters:
John Knight, Statoil's (STL.OL)
executive vice-president for global strategy and business development,
told Reuters on the sidelines of the ONS oil conference in Stavanger,
Norway on Monday:
** "Absolutely, I think there are loads of deals out there," he said when asked whether he expects more deals coming up
**
Says: "If you look at the acquisition and divestment markets
John Knight, Statoil's (STL.OL)
executive vice-president for global strategy and business development,
told Reuters on the sidelines of the ONS oil conference in Stavanger,
Norway on Monday:
** "Absolutely, I think there are loads of deals out there," he said when asked whether he expects more deals coming up
**
Says: "If you look at the acquisition and divestment markets
Monday, August 29, 2016
Why We Still Don't Have Better Batteries
We've had a lot of posts on batteries over the years, here's the Google search of the blog:
site:climateerinvest.blogspot.com batteries
It got to the point there were so many 'breakthroughs' that didn't pan out that we stopped posting on them rather than waste our reader's time.
From MIT's Technology Review:
Startups with novel chemistries tend to falter before they reach full production.
site:climateerinvest.blogspot.com batteries
It got to the point there were so many 'breakthroughs' that didn't pan out that we stopped posting on them rather than waste our reader's time.
From MIT's Technology Review:
Startups with novel chemistries tend to falter before they reach full production.
Devonshire Research Group's Short Tesla Thesis, Part II (TSLA)
How can you not love it?
(See disclaimer at bottom)
The stock is at $216.56 down $3.43 on a generally up day for equities.
From Devonshire Research Group, LLC, May 2016:
Notice of investment interests
As of the publication date of this report, the Devonshire Research Group LLC has a net
short position in the stock, put options, bonds, and credit swaps of Tesla Motors, Inc.
(“TSLA” or “Tesla”
(See disclaimer at bottom)
The stock is at $216.56 down $3.43 on a generally up day for equities.
From Devonshire Research Group, LLC, May 2016:
Notice of investment interests
As of the publication date of this report, the Devonshire Research Group LLC has a net
short position in the stock, put options, bonds, and credit swaps of Tesla Motors, Inc.
(“TSLA” or “Tesla”
"How Should We Read Investor Letters?"
From the New Yorker:
Cover Letter
The New Yorker
by John Lanchester
11:00 pm
Considering the correspondence between C.E.O.s and shareholders as a literary genre.
In 1926, Benjamin Graham, a professional investor in his
early thirties, was working in the Washington, D.C., record room of the
Interstate Commerce Commission when
Cover Letter
The New Yorker
by John Lanchester
11:00 pm
Considering the correspondence between C.E.O.s and shareholders as a literary genre.
In 1926, Benjamin Graham, a professional investor in his
early thirties, was working in the Washington, D.C., record room of the
Interstate Commerce Commission when
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