Friday links: living with leverage
Bonds The correlation between stocks and interest rates is now negative. (axios.com) Norway's sovereign wealth fund is considering a reduction in bond holdings. (reuters.com) Gold Netherlands is moved some of its gold holdings from New York to London. (wsj.com) They may not be the last to do this. (paulkrugman.substack.com) Mary Childs talked with Jacob Goldstein, author of "Money: The True Story…
Bonds are seeing a shift in correlation with stocks and interest rates. The Norwegian sovereign wealth fund is contemplating a cut back on bond holdings. The Dutch government is relocating some of its gold reserves from New York to London. Paul Krugman notes that these actions could not be the last.
Mary Childs interviewed Jacob Goldstein, the author of "Money: The True Story of a Made-Up Thing." Oura Health has applied for an IPO. Softbank requires additional funding. In the realm of real estate, a distinction is drawn between public REITs and semiliquid direct real estate funds.
Investors are still seeking to withdraw funds from private credit funds. Google has lost three antitrust cases, but the penalties will be minimal. The Trump administration has only pursued one action to prevent a merger, which they subsequently settled.
Data centers are expanding rapidly with the advent of AI technology. However, there are discussions about the feasibility of constructing data centers that people would not find objectionable. Could hosting data centers in space be a viable solution?
Food industry news includes Italian pasta maker Barilla Group acquiring Goodles. Jersey Mike's, a sandwich chain, is exploring ways to attract the Gen Z demographic. Luckin Coffee is undergoing a turnaround.
In the oil sector, diesel prices have reached record highs. The situation in Venezuela, where intervening in the oil industry might have unfavorable outcomes, is also discussed. The August NFP report indicated that 129,000 private sector jobs were added, and the unemployment rate dropped to 4.1%.
Higher gasoline and diesel prices impact consumer sentiment, and nominal wage growth is decelerating. Lastly, the article discusses various perspectives on art, including stories about art heists, the top-heavy art market, and the evolving role of wealth in shaping the art market.
Written by urgent.news from Abnormal Returns's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
