Alexandra ScaggsRead Biography
Delaware isn’t really a tax haven. It is, however, very clever about bringing in money from people who don’t actually live in the state. Now it’s trying to become a destination to buy legal pot (with a hefty tax, of course).
If you’re going to say that the repo market in the United States — which is almost entirely intermediated by bank-dealers — is competitive, you need plenty of evidence. Citing levels of price dispersion within the market doesn’t make a compelling case.
Coal isn’t dead, and it might even get support from the Trump Administration’s policies. Unfortunately, that won’t provide much-needed help to the regions hit hardest by coal-mining job losses and the opioid epidemic.
A delay in government tax refunds probably contributed to February’s defaults on auto loans and declines in used-car prices. Of course, that doesn’t necessarily mean everything is hunky-dory in the subprime auto space.
Bank of America Merrill Lynch took a closer look at which consumers have gotten more confident since the election, and it’s pretty much who you’d expect. The relationship between rising confidence and spending isn’t quite as clear.
So what he’s saying is, the Fed will raise rates at some point and it won’t be a very long time from now. But he’s not saying it’s going to be in a week or a month or a couple of months. Right. OK.
After Mark Zuckerberg published his broad-ranging manifesto last week, some say Facebook’s centralisation and lack of accountability is worrying. Others say the social network will kill journalism as we know it. Those concerns are appropriate — in fact, they might not be sounding the alarm bells loudly enough.
Foreign investors sold Treasuries in December, but we’d bet it had absolutely nothing to do with Trump. International governments — the largest group of foreign owners — actually made net purchases of Treasuries.