Source: Earther The post A New Visualization Turns Global Warming Into Pop Art appeared first on The Big Picture.
This weekend, we speak with David Hunt, president and chief executive officer of Prudential Financial Inc.’s global investment management business, PGIM, the world’s 10th largest money manager. PGIM manages $1.2 trillion dollars in assets. You can stream/download the full conversation, including the podcast extras on iTunes, Bloomberg, Overcast, and Stitcher. Our earlier podcasts can all be found at iTunes, Stitcher, Overcast, and Bloomberg.… Read More The post MiB: David Hunt, PGIM CEO appeared first on The Big Picture.
The weekend is here! Pour yourself a mug of drip coffee coffee, grab a seat at your desk, and get ready for our longer form weekend reads: • How Jim Chanos Uses Cynicism, Chutzpah — and a Secret Twitter Account — to Take on Markets (and Elon Musk) (Institutional Investor) • This Wall Street Firm Is Betting Big on Main… Read More The post 10 Weekend Reads appeared first on The Big Picture.
Succinct Summations for the week ending September 21st, 2018 Positives: 1. Despite myriad possibilities, POTUS did not start a trade war or cause a constitutional crisis (let’s hope this holds for a while). 2. Housing starts rose 9.2% m/o/m from 1.174M to 1.282M. 3. Jobless claims fell 3k from 204k to 201k, beating expectations. 4.… Read More The post Succinct Summation of Week’s Events 9.21.18 appeared first on The Big Picture.
10 Things People Still Get Wrong About the Financial Crisis All are the result of bias, ignorance, laziness or bad faith. Bloomberg, September 14, 2018 One of the most intriguing aspects of the 2007-09 financial crisis is how little understanding there is of what actually occurred. Some of this has to do… Read More The post What People Still Get Wrong About the Great Financial Crisis appeared first on The Big Picture.
My morning fjord reads: • Absolute Success is Luck. Relative Success is Hard Work. (James Clear) • Howard Lutnick, Now a Billionaire, Bets Own Fortune on Bold Growth Plan. (Bloomberg) • Knowledge vs. Skill (A Wealth of Common Sense) • Fool Me Three Times And I Give Up (Collaborative Fund) • ‘A public relations nightmare’: Ticketmaster recruits pros for secret scalper program. (CBC)… Read More The post 10 Friday AM Reads appeared first on The Big Picture.
I am in Iceland for a conference, and I have noticed a plethora of interesting vehicles — from Defender 90s, to Jeep Rubicons, to Lexus and Nissan. These are tricked out trucks — raised, with immense tires and live air line feed that allow tire pressure to be increased/decreased on the fly. These are mostly used… Read More The post Glacier Trucks of Iceland appeared first on The Big Picture.
Bezos is doing the rounds with a lot of big interviews — this one from 1997 shows how consistent he has been over 20 years . . . This is an interview with Jeff Bezos – the founder of Amazon in 1997. It is very clear that Jeff is already on the right track in… Read More The post Jeff Bezos 1997 Interview appeared first on The Big Picture.
I have for some time now been calling the recovery lumpy uneven, distributed based on industry education attainment and geography. For example, see this, this, this, or this; The chart above below shows just how true that is — I would be curious as to how the 2016 Presidential vote looked overlaid on this. Was it economic insecurity or… Read More The post The Great Recession’s uneven recovery appeared first on The Big Picture.
My morning fjord reads: • Brexit Has Brought Britain to a Standstill (Bloomberg Businessweek) • How Good an Investment Were the Bailouts? (The Big Picture) • Unions Did Great Things for the Working Class (Bloomberg View) • But Our Interests Are Aligned! (Epsilon Theory) see also The End of the Incessant U.S. Bid? (Macro Tourist) • Aerial Photos Reveal the Devastation Left by Florence… Read More The post 10 Thursday AM Reads appeared first on The Big Picture.
From Dave Wilson: Proposals to limit or bar U.S. stock repurchases may amount to kicking businesses when they’re down. Comparing the Nasdaq Buyback Achievers Index, whose companies repurchased at least 5 percent of their shares in the past 12 months, with the S&P 500 Index shows as much. The ratio between the indicators has dropped as much… Read More The post Buybacks Have More Than U.S. Popular Opinion Against Them appeared first on The Big Picture.
My midweek Nordic morning reads: • Ip: No, the Financial Crisis Didn’t Spawn Populism (Wall Street Journal) • Ten years after the financial crisis, business journalism awaits its reckoning (Columbia Journalism Review) • A right to repair: why Nebraska farmers are taking on John Deere and Apple (The Guardian) • The mind of an anthill (Knowable) • ‘I’m getting ripped off’: A look… Read More The post 10 Wednesday AM Reads appeared first on The Big Picture.
Translation of an article by Hyun Song Shin, Economic Adviser and Head of Research of the BIS, in the Frankfurter Allgemeine Zeitung (FAZ), 15 September 2018. This week marks the 10th anniversary of the collapse of Lehman Brothers. In many ways, we are still living through the consequences of the crisis that followed. Assessments made in the heat… Read More The post Reflections on the Lehman collapse, 10 years later appeared first on The Big Picture.
He helped to design some of the very first Exchange Traded Funds (ETFs) as managing director at BGI; as co-founder of Cerulli Associates, he conducted some of the earliest research on fee-only financial advisers and the rise of indexing. He is currently managing director of CBOE’s ETF.com, and his name is Dave Nadig. Few people are… Read More The post MIB: There at the beginning of the ETF appeared first on The Big Picture.
My Two-for-Tuesday morning train reads: • Zombie Lehman Keeps Chalking Up Victories (Bloomberg View) see also Lehman’s Carcass Has Handed Huge Profits to Distressed Funds (Bloomberg) • Private Equity, Venture Capital and Private Real Estate May Have Hit Their Peak.(New York Times) • How to Buy a House the Wall Street Way. (Wall Street Journal) see also Why Zillow… Read More The post 10 Tuesday AM Reads appeared first on The Big Picture.
Source: Tax Foundation The post Most IRA Contributions Were Made by Middle-Class Taxpayers appeared first on The Big Picture.