There are plenty of “market experts” who believe they know the cause of the next crisis. Reality is that nobody knows for certain. What we do know is that the next crash is not far away. The current market cycle is officially the second-largest bull market since World War II. The bull market is officially 106 months old.
Exchange rate fluctuations influence economic activity not only via the standard trade channel, but also through a financial channel, which operates through the impact of exchange rate fluctuations on borrowers’ balance sheets and lenders’ risk-taking capacity. The paper explores the “triangular” relationship between (i) the strength of the US dollar, (ii) cross-border bank flows and (iii) real investment.
Despite being a tedious and time consuming task and even if you feel you’ve done all your homework, the pick could still go bad. In this article we’ll show you some harbingers of a turnaround situation in Obsidian Energy that will help you isolate the flower from the weeds.
In their view, the intervening two years have thoroughly validated that thesis and proven the company’s business model differentiation. Pangaea Logistics was the only US-listed drybulk operator to remain profitable in both 2015 and 2016. The company generated more than $40 million in operating cashflow during the period, which was primarily reinvested in completing a planned acquisition program, adding three additional vessels to the owned fleet to support new contracts. PANL even withstood the 2016 bankruptcy restructuring of its largest customer, Noranda Aluminum. The Noranda contract is a 10-year contract for the transport of bauxite from Jamaica to the US and a key reason for Pangaea’s differentiation.
The board of Johnston Press have received a formal demand for a vote to install Alex Salmond as chairman, setting the scene for a potentially explosive confrontation between the newspaper publisher and its shareholders.
Pershing Square’s Bill Ackman speaks with CNBC’s Scott Wapner about whether shopping malls will still exist in the next few years and his outlook on the retail sector.
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