Wednesday, April 29, 2026

The IPO Underpricing Debate

Beyond The Hype: What Really Drives IPO Prices?

https://www.fa-mag.com/news/beyond-the-hype--what-really-drives-ipo-prices-86807.html

at
Labels: ,

Stock Market Investing – Interesting Items

Will Emerging-Market Pioneer Mark Mobius Be Vindicated?
https://www.morningstar.com/stocks/will-emerging-market-pioneer-mark-mobius-be-vindicated
Why emerging-market stocks are a good investment today. 

15 Stocks That Made Investors the Most Money Over the Past 10 Years
https://www.morningstar.com/stocks/15-stocks-that-made-investors-most-money-over-past-10-years
These companies delivered the largest gains in total shareholder value.
 
Corporate America Is Minting Money—and Not Just in Tech and Finance
https://www.wsj.com/business/earnings/corporate-america-is-minting-moneyand-not-just-in-tech-and-finance-0d833898
Profits grow for many companies in the face of war, rising oil prices and inflation; “it’s extremely polarized.” 

In retirement, volatility is the price of better returns
https://www.telegraph.co.uk/business/2026/04/23/in-retirement-volatility-is-the-price-of-better-returns/
Tom Stevenson:
The issue of a market downturn in early retirement is called “sequencing risk”. It refers to the way in which the same set of annual investment returns can have a vastly different impact on your retirement, depending on the order in which they occur.
Two investors drawing an income from their pension pots can end up with two very different amounts of money if they experience the same annual returns but in a different sequence.
An investor who starts their retirement with a few bad years in the market will have a much worse outcome than one who starts with a few good ones, even if the performances are subsequently reversed. “Bad then good” is much more damaging than “good then bad” when you are simultaneously taking money out of your savings to live on. 

at
Labels: , , ,

Is America Afraid of Competition?

The U.S. Wants to Ban China’s High-Tech Cars, but They’re Already Here in El Paso
https://www.wsj.com/business/autos/chinese-cars-byd-geely-u-s-mexico-be0dea28
Mexican dealers are selling cutting-edge Chinese cars that U.S. consumers can’t buy. Americans are warming to the idea of them.

China's next automotive revolution on display
https://www.reuters.com/pictures/electric-vehicles-ai-chinas-next-automotive-revolution-display-beijing-2026-04-27/
The Beijing Auto Show showcases China's latest electric vehicles equipped with artificial intelligence systems, futuristic interiors and technology that's reshaping the industry.

 
The Rising Chinese Automaker Not Named BYD
https://www.nytimes.com/2026/04/27/business/geely-china-byd-export.html
Geely is challenging the giant BYD by adapting quickly to swings in demand and energy prices, seizing on interest in electric vehicles prompted by the war in Iran.

Related:
Why this Chinese EV terrifies Europe’s carmakers
https://youtu.be/vgCYYrhL-kE

at
Labels: , , ,

Tuesday, April 28, 2026

UAE Quits OPEC

How the UAE’s decision to leave OPEC could recast the Middle East
https://www.theguardian.com/business/2026/apr/28/how-uae-leave-opec-recast-middle-east-saudi-arabia-us
Defection is damaging to Saudi Arabia’s prestige – and could strengthen the US hand in the region.
 
UAE leaves OPEC in blow to global oil producers' group
https://www.reuters.com/markets/commodities/uae-says-it-quits-opec-opec-statement-2026-04-28/
The United Arab Emirates on Tuesday said it was quitting OPEC, dealing a blow to the oil producers' group ​as an unprecedented energy crisis caused by the Iran war exposes discord among Gulf nations. 

at
Labels:

Europe's Economic and Strategic Conundrum

How Europe regulated itself into American vassalage
https://www.economist.com/europe/2026/04/22/how-europe-regulated-itself-into-american-vassalage
The road to economic serfdom.
 
How EU is pivoting away from ‘toxic’ Trump & closer to China | Fareed's Take
https://youtu.be/YWZACdqdFcc
 
Europe Still Needs China
https://www.foreignaffairs.com/china/europe-still-needs-china# 

at
Labels: , , ,

Cost-Push versus Demand-Pull Inflation

Where Americans Are Drawing the Line on Price Increases
https://www.wsj.com/economy/consumers/where-americans-are-drawing-the-line-on-price-increases-3e237258
Shoppers are buying less where prices are rising fastest, showing that inflation isn’t being driven by demand but by companies passing on costs. 

at
Labels: , ,

Dimon on Risk of a Debt Crisis

The U.S. had a national debt ‘home run’ in its grasp, says Jamie Dimon. But the government did nothing, and now its best option is crisis management
https://finance.yahoo.com/economy/policy/articles/u-had-national-debt-home-104852574.html

  • Global deficits are significantly elevated, particularly during what has been a relatively healthy global economy and, until recently, a time of peace — the deficit globally is at an extremely high 5%, while global sovereign debt is at all-time highs. The current forecast from the Congressional Budget Office has our debt-to-GDP ratio going from 100% today to 120% in 2036. High government debt is somewhat offset by low consumer debt, which was nearly 100% of GDP in 2007 and is now below 70%. Similarly, corporate debt is at a fairly normal healthy level of 45%. High and increasing government debt will eventually have to be dealt with — the right way would be to deal with it now before it becomes a problem; the wrong way would be to let it become a crisis, which, in my opinion, is probably the likely outcome. Importantly, almost 60% of government spending is for entitlements and is not discretionary. This makes the job that much harder. A crucial note on the importance of growth: If interest rates went down 100 basis points and GDP grew at 3%, the debt-to-GDP ratio could actually start to go down instead of going up.


  • If you take the long view, America’s economic outlook is pretty bleak. Like a lot of rich countries, it is overwhelmed by debt it has no plans to reduce. Even more troubling is its aging population, which will reduce growth and leave fewer people to pay all that debt. There is only one hope: a sudden increase in productivity that will boost growth so much it will pay for everything. As it happens, that is precisely the promise, or one of them, of AI. But what are the chances of it coming true?

at
Labels: , , , ,
Subscribe to: Posts (Atom)