Share to Twitter Share to Linkedin For years now, economists have debated whether the Bank of Japan’s ultraloose policies were a loser, figuratively speaking. Now we have proof of the literal losses from Governor Haruhiko Kuroda’s team. As of the end of September, the BOJ was at least $6.3 billion in the red on its massive stockpile of Japanese government bonds. This is the first time in the Kuroda era that began in March 2013 that the BOJ announced a loss on assets it’s been hoarding. That, not surprisingly, has investors wondering the extent to which the BOJ’s stock purchases, via exchange-traded funds, might be under water, too. Yet this is a logical moment to take stock of where Kuroda succeeded and failed in his charge to end deflation and revive Japan’s animal spirits. The grade isn’t great. It’s complicated, of course. And it’s worth noting that Kuroda, whose term ends in April, was true to his word that he’s doing what he could to put the … [Read more...] about Bank Of Japan’s $5 Trillion Bet Is Going Awry In A Hurry
- A + A (Nov 29): November looks set to mark a watershed moment for Chinese assets, as visible policy shifts away from Covid Zero triggered massive gains. After being pressured under the weight of virus restrictions and a property crisis, markets surged amid hopes of an eventual reopening. Chinese stocks in Hong Kong are headed for their best month since 2003, while the yuan is on track for the biggest monthly gain in nearly four years. Traders have added to bets since early this month when rumours spread over a Covid Zero exit plan, followed by a detailed 20-point playbook by authorities. Even as a surge in infections and protests against restrictions caused volatility in recent days, most investors believe that the path to reopening — however messy and disorderly — is inevitable. "The market will tend to price in a more hopeful reopening than an unchanged strict Covid Zero," said Kiyong Seong, lead Asia macro strategist at Societe Generale SA in Hong Kong. … [Read more...] about Reopening bets propel China markets to best month in years
LONDON/SYDNEY – Stocks and oil gained on Tuesday on hopes that public unrest in China might prompt an earlier loosening of COVID-19 curbs in the world’s biggest economy, with the yuan up and the dollar down as investor appetite for riskier assets grew. The Euro STOXX 600 gained 0.4 percent, recovering from its worst session in almost two weeks a day earlier. Shares in London were up 0.8 percentand markets in Paris and Frankfurt gained around 0.2-0.3 percent. Hopes of faster easing of China’s strict restrictions rose after an official said they will continue to fine-tune policy to reduce the impact of its “Zero COVID” on society. Simmering discontent with Beijing’s stringent COVID prevention policies three years into the pandemic ignited over the weekend into broader protests in Chinese cities thousands of miles apart. “China is the dominant story in markets at the moment, and the pattern of risk assets that we have seen overnight is what we would expect with better news” said … [Read more...] about Stocks and oil rise on hopes of looser COVID curbs in China
Share to Twitter Share to Linkedin A young woman with a shag bob haircut wearing a yellow string bikini with white piping sits in seiza, posing playfully for the viewer. Elbows raised to accentuate her feminine form, her ample breasts protrude from the three canvases, as sculpture erupts from the painting. Marjorie Strider’s Triptych II (Beach Girl) (1963) greets us with a contemporary spirit that could be found on Instagram. The liberated femininity that strips away and subverts the male gaze is underscored by the rugged industrial feel of the metallic canvases. Strider built all the elements herself, exposing the nails beneath her painterly silver brushstrokes. The rare triptych from Strider’s 1960s heyday is a highlight of Marjorie Strider: Girls, girls, girls! , a solo retrospective of some 20 works created between 1963 and 2014 celebrating the artist's inimitable depictions of the female form and her groundbreaking shaped canvases, a hybrid … [Read more...] about Marjorie Strider Subverts Male Gaze, Reclaims Her Rightful Role In Pop Art History
Share to Twitter Share to Linkedin Maybe you’ve heard the term angel investor in your circle or line of business, and you’ve often wondered what it is. In recent years, angel investing has become an increasingly popular way for individuals to invest in startups. An angel investor is typically a high-net-worth individual who provides capital to a startup in exchange for equity. While angel investing can be a riskier proposition than traditional forms, it can offer a higher potential return. Angel investors often provide mentorship and advice to the startups they invest in, which can be invaluable for young companies. As angel investing has become more popular, several angel investing networks have been created to connect investors with startups. These networks have helped to make angel investing more accessible and have helped to connect startups with the capital they need to grow. What is angel investing? An angel investor is typically an affluent … [Read more...] about Angel Investing: A Better Way To Invest In Startups
Share to Twitter Share to Linkedin It was recently revealed that the Italian government authority responsible for regulating the stock exchange had launched an investigation into capital gains on the transfer market. The story first came to light back in September when Juventus published their annual financial report, filed ahead of a shareholders meeting the following month and including a note which said by that an inspection was “currently underway” into “documentation and information relating to the proceeds deriving from the management of players’ rights.” As that shareholders meeting approached, more details began to emerge in the Italian media – per ESPN – with newspapers La Repubblica and Il Tempo adding that the authority in question – known as CONSOB – were looking into 62 player transfers that took place between 2019 and 2021. That was followed up by the revelation from La Gazzetta dello Sport that 42 of those deals involved Juventus. The … [Read more...] about What Is ‘Plusvalenza,’ And Why Are Juventus And Napoli Under Investigation For It?
Share to Twitter Share to Linkedin Ronjini Joshua is the Founder and CEO of The Silver Telegram , Writer and Host of The PR Playbook Podcast and The Green Room Podcast. Most of us don’t remember when we became a part of the metaverse; some of us still don’t know we are in it. But the metaverse isn’t something we do; it’s the reality of the world we live in today. The real challenge is in understanding and embracing the ways we need to adapt to this new digital age in regard to how we communicate and do business. That’s where public relations comes in. The growth of social media has made us increasingly aware of buzz terms like engagement, experience marketing and authenticity. And unless you were deeply into video games in the late ’90s and early 2000s, social media was the first steppingstone into the new digital age of the metaverse. To upgrade your organization’s communication program, it’s time to take the buzz terms that social media has made … [Read more...] about Is Your PR And Marketing Ready For The Metaverse?
Share to Twitter Share to Linkedin There’s another meeting of the Federal Reserve’s Federal Open Market Committee coming up in the middle of December—the time after which a press release will announce the next interest rate hike. Not if there is one, because there almost certainly will be, but how large. Press coverage will, as always, be heavy, and the more immediate focus is on a speech Fed chair Jerome Powell will give at the Brookings Institution on Wednesday. “The event provides Powell with a stage to echo fellow Fed officials in signaling they will raise their benchmark rate by 50 basis points at their final meeting of the year, after four successive 75 basis-point hikes,” notes Bloomberg . ADVERTISEMENT Only there’s no reason to think that even Powell will have the last word, as these actions require a vote, and indications have been all over the road. Top Fed officials have been making public statements, each making the public case for … [Read more...] about What’s The Fed Going To Do? Nobody Knows—Not Even Them
Share to Twitter Share to Linkedin Donating appreciated stock to charity can be a great way to give back and reduce your tax bill. Taxpayers who itemize get a tax deduction for the market value of the stock. Unlike regular stock sales, when giving stock, there's no capital gain. The charity receives the full value of the stock (usually in cash). For taxpayers with highly appreciated securities and a desire to give back, it's a win-win. Donating stock to charity with a donor-advised fund A donor-advised fund is the easiest way to donate stock to charity. You can set up a fund easily at institutions like Schwab, Fidelity, or Vanguard. If you want to make a gift for the 2022 tax year - act now. It takes time to open and complete your gift. When a publicly traded stock is donated to a donor-advised fund, it's sold, and the fund receives cash. Donors can control the timing and charitable recipient of funds, provided it is an IRS-qualified public charity. … [Read more...] about Donating Stock To Charity
Share to Twitter Share to Linkedin Multi-talented actress and director Elizabeth Banks has a solution for anyone who feels the wine world is not as fun as it should be — embrace wine from a can. Along with starring in the recently-released ' Call Jane ' and directing the upcoming 2023 film ' Cocaine Bear ,' one of her latest projects is Archer Roose , which produces wines in cans from Italy, France, Chile and Argentina. I spoke with Banks about the challenges of this wine category, bonding with Sigourney Weaver over Aperol Spritzes and just when will someone finally buy her a ticket to Italy? What was your introduction to wine and spirits? My grandfather was a traveling salesman and he carried his own little bar right in a beautiful leather case. When he came through he would visit us and he would set it up. He loved Manhattans, so inside of it was sweet vermouth and usually something like a Seagram's VO and a little bitters. And I … [Read more...] about Drinking Wine From A Can With Elizabeth Banks