Review & Outlook

Our take on the investing, financial, & economic themes of the day

What We’re Reading: September 2

2 September, 2014 by Matthew O'Brien, Ph.D. in Commentary

Quotation of the Day:

“Lending money when it’s a losing proposition from the start sounds like an odd thing to do. That’s not stopping bond buyers in the eurozone government bond market.  Two-year yields on bonds from five countries—Germany, the Netherlands, Austria, Finland and Belgium—are in negative territory, according to data from Tradeweb. France briefly joined the negative-yield gang Monday, before rebounding into marginally positive territory Tuesday. Germany is leading the way: not only does its current benchmark two-year bond pay a zero coupon and a yield of minus 0.04%, yields on its bonds are below zero all the way out to January 2018.”

Richard Baley, Wall Street Journal.

 

Tuesday links:

Dollar Hits Long-Term Highs Against Yen, Euro (Wall Street Journal)

Can the New York Stock Exchange Be Saved? (Wall Street Journal)

Subzero Eurozone Yields Point to ECB Power, Problems (Wall Street Journal)

How Corporate Share Buybacks are Destroying America (Josh Brown, Reformed Broker)

Momentum Investing: Big Risk, Rare Reward (Barron’s)

Water Shortages Will Limit Global Shale Gas Development, Especially in China  (Bloomberg Businessweek)