Credit Writedowns

Jean-Claude Juncker told German media outlet ARD that the EU was not working on an agricultural deal with the US involving soybeans and beef. This contradicts messaging from the White House.

The magnitude of the revision is eye-catching. And my inner sceptic wonders how the initial data reads could have got it so wrong.

The big problem with Amazon is valuation. It's hard to justify paying 90x this quarter's earnings for a company that is as mature as Amazon is, irrespective of the top-line growth.

This report was the first under a major revision to reporting of US economic data. The personal savings rate stood out.

Daily newsletter post with thughts on the latest GDP numbers, a US-EU trade deal and the earnings numbers coming from social media companies

China just torpedoed a major global deal between two non-Chinese chipmakers. It is a signal of China's market power. Some thoughts below

If a US trade war escalation leads to a wave of bankruptcies in China, the Chinese escalate in kind.

Economic news yesterday was dominated by the Facebook revenue warning and an EU-US trade summit in Washington.

Between 1985 and 2018, the global average statutory corporate tax rate fell by more than half. This column uses new macroeconomic data to argue that profit shifting is a key driver of this decline. Close to 40% of multinational profits were…

The threat of technology is most acute in the TMT spaces because these are pure information industries where the Internet upends incumbent business models. So it is interesting to see how well the sector is doing during earnings season. In…