Perspective

WSJ – Daily Shot: Statista – Canada’s Positive Global Influence 7/13

FT – IPOs: forlorn unicors – Lex 7/13

• “Perhaps the recent IPOs will rebound, as Facebook did after its initial dip. Or maybe a stronger company, such as Airbnb, will manage to make a success of going public. The evidence so far is that private valuations are still inflated and should fall.”

Worthy Insights / Opinion Pieces / Advice

NYT – What We Lose When the World Moves On From Email – Farhad Manjoo 7/12

WSJ – Gig Workers Pose Danger to Consumer Lending Boom – Paul Davies 7/12

• “For banks and regulators, as flexible working grows, they will need to find other indicators of looming payment problems. Difficulties may already be happening. Delinquency rates on some forms of subprime credit and auto loans are rising according to New York Fed data, at a time when unemployment rates are still trending down.”
• “That is very unusual, but it may be a sign of things to come.”

Finance

WSJ – Daily Shot: German 10yr Government Bond Yield 7/13

• “While Treasury prices have stabilized, the selloff in Bunds persists. Here is the 10yr German bond yield approaching 60 bps.”