Latest posts
CFOs on earnings misrepresentation
NEW
Something to distract from earnings season and perhaps unsettle you a bit: We provide new insights into earnings quality from a survey of 169 CFOs of public companies and in-depth interviews of 12 CFOs and two standard setters. Our key findings inclu...
Sprint Nextel confirms Softbank talks
NEW
It’s mobile merger mania in the US. We recently got confirmation that T-Mobile wanted to buy second-tier American carrier MetroPCS.Continue reading: Sprint Nextel confirms Softbank talks...
A tinhat-full of dollars
NEW
This is just a lovely chart from the FX team at HSBC (click in to see -- tis just too big for an excerpt to handle): What it, and its fellow soon to be introduced below, do is call further into question the US dollar's status as a haven currency; one...
Basel III joke in here*
NEW
Call it can-kicking at the highest European level. Call it inevitable. Both statements are probably true. Nevertheless, banking stock across Europe were racing higher on Thursday on the back of this:Continue reading: Basel III joke in here*...
The IMF game changer
NEW
Christine Lagarde has urged countries to put a brake on austerity measures amid signs that the IMF is becoming increasingly concerned about the impact of government cutbacks on growth. Ms Lagarde, IMF managing director, cautioned against countries fr...
A Neeter way to look at unemployment
NEW
Greek unemployment hit a new record high of 25.1 per cent in July, having climbed for 35 straight months. It’s now more than double the eurozone average of 11.4 per cent and youth unemployment — between 15 and 24 years old — has hit...
Markets Live: Thursday, 11th October, 2012
NEW
Live markets commentary from FT.com Continue reading: Markets Live: Thursday, 11th October, 2012...
Ship of Theseus seeks flotation
NEW
Those who argue for a further relaxation of the LSE’s listing rules may want to note the following announcement: Rangers, the Scottish football club, today announces its intention to seek Admission to the AIM market of the London Stock Exchange...
The (early) Lunch Wrap
NEW
Lagarde calls for brake on austerity: Christine Lagarde has urged countries to put a brake on austerity measures amid signs that the IMF is becoming increasingly concerned about the impact of government cutbacks on growth, the FT reports. The IMF man...
Further reading
NEW
Elsewhere on Thursday, - On the unsustainability of Austrian business-cycle theory. - Credit funds are creating a big hole through the Volcker Rule. - Our kids and grandkids won’t pay for our budget deficits.Continue reading: Further reading...
The 6am Cut London
NEW
The possibility of a BAE-EADS tie-up has collapsed, starting a blame game among officials in London, Paris and Berlin. BAE shares fell 1.4 per cent, while shares in EADS climbed 5.3 per cent. (Financial Times) S&P cut Spain’s credit rating...
S&P downgrades Spain
NEW
So Standard & Poor’s has cut Spain by two notches, to BBB- from BBB+, just one notch above junk level. As the FT said: The rating agency’s move came after markets had closed in New York, but the euro still fell slightly on the news to trade 0...
The Closer
NEW
FT markets round-up: "The FTSE All-World index fell 0.6 per cent after the FTSE Eurofirst 300 closed with a loss of 0.5 per cent. On Wall Street, the S&P 500 closed 0.6 per cent lower, after sliding 1 per cent on Tuesday. The Asia-Pacific region...
Goldman employees doing their bit to bolster Jim Henson legacy, Jason Segal acting career
NEW
Fun scoop du jour from Tom Braithwaite and Tracy Alloway: Goldman Sachs has told its board of directors that an internal investigation found little substance to allegations made by Greg Smith, the disaffected employee who claimed the bank has a “to...
Post-crisis lens
NEW
Tyler Cowen writes: In one very real sense, there is a significant demand shortfall. Yet repairing that demand shortfall requires many building blocks. Nominal reflation (which I favor) is only one of those building blocks. The others are rooted in t...
The old are stealing our jobs!
NEW
From Steven Englander at Citi — a little observed factoid regarding employment trends among the older demographic: We are taking one small slice at this subject, starting with the little noticed fact that employment to population ratios among o...
Money as a passion, not a standard
NEW
Are money and value, much like time, a function of relativity rather than a definable and quantifiable substance? A while ago, we made the case that relativity was an under-appreciated factor in determining monetary value. We further argued that fixe...
OMT is so 2013
NEW
That call might not come this side of New Year. The market has been waiting for Spain to request its very own Enhanced Conditions Credit Line for quite a while now. It’s the road to OMT. And for a (very) little while just last week while it app...
US Markets Live cancelled
NEW
Our Markets Live platform is being temperamental even by its standards, and we'd like to sort out the remaining tech issues before returning. So with heartfelt apologies, US Markets Live will return to its regularly scheduled weekly appearance next W...
Breaking: inevitable happens
NEW
The exact time of death can be recorded as 1:01pm BST. But, really, the pulse was lost long ago. BAE Systems and EADS announced that they have decided to terminate their discussions. So should we blame another breakdown in eurozone relations? Or may...
