Musings on Markets

JANUARY 9, 2021

While the universe of companies is diverse, with approximately half of all firms from emerging markets, it is more concentrated in market capitalization, with the US accounting for 40% of global market capitalization at the start of the year. If there is a hole in my sample, it is the absence of privately owned businesses.

Valuation 52

Valuation Currencies Numbers Corporate Finance 52

Musings on Markets

JANUARY 20, 2021

The failures of the signal have been variously attributed to low interest rates, accounting mis-measurement of earnings (especially at tech companies), and by some, to animal spirits. Data Update 3 for 2021: Currencies, Commodities, Collectibles and Cryptos! Data Update 4 for 2021: The Hurdle Rate Question.

Treasury 52

Treasury Investments Valuation Hurdle Rate 52

Barry Ritholtz

NOVEMBER 8, 2022

I mean, I used to write about that in this new book where money flows off to the emerging markets when dollar rates are low. They’re actually just buying long dollars, treasuries. CHANCELLOR: They’re buying them to manipulate the currency of China, most of all. And currency declined with capital controls.

Valuation 56

Valuation Finance Investments Banking 56

Musings on Markets

JULY 25, 2023

S&P, Moody's and Fitch, in addition to rating companies for default risk, also rate governments, and they rate them both on local currency debt, as well as foreign currency debt. in my July 2023 update) and apply this scalar to the default spread, to arrive at a country risk premium.

Hurdle Rate 52

Hurdle Rate Currencies Valuation Marketing 52

Barry Ritholtz

DECEMBER 26, 2023

Accounting was very difficult. It’s about a 50% fail rate, something like that. You, you mentioned the fed raising rates. What do you see in, in treasuries and the fixed income half of the portfolio? Safe harbor harbor here, a little apo apocalyptic currency. And I remember that first level was tough.

Marketing 60

Marketing Leadership Finance Investments 60