Lisa Abramowicz

Lisa Abramowicz


All things fixed income. Opinions mine. @BloombergRadio @Business former @gadfly https://t.co/YExR5brzUE https://t.co/oEDubcRN0q

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"We’re definitely in a market where my cleaning lady is asking me ‘Do I like solar companies?’ Because she bought a solar company that’s a NASDAQ stock through Robinhood. And it’s tripled.”

Trump is taking an increasingly aggressive stance on China in an effort to ensure his pressure campaign against the nation stays in place long after he's left office.

Yet another tech IPO doubles in price in its first day of trading.

Biden's $1.9 trillion stimulus plan was "built to bargain," says Pangaea's Terry Haines, who expects it to end as a $1 trillion program in April/May. "Biden's proposal tries to thread the needle of the fractured political reality of 2021 Washington."

China is the world's only major economy that avoided a contraction last year, boosting its share of the global economy at the fastest pace this century.

JPMorgan posted its highest-ever quarterly profit after releasing money it had previously set aside to cover loan losses, with its prior assumptions proving to be too pessimistic.

“The December retail results were an absolute disaster,” with the biggest part of the U.S. economy, consumer spending, taking a step back in Q4. 

The U.S. pension crisis is getting increasingly acute as the risk-free rate falls and stock valuations surge. This is making it more attractive for the funds to turn to private equity & use leverage to boost gains: Calpers' ex-CIO

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“There is little in our view to stop a cryptocurrency’s price from going to zero when a better designed version is launched or if regulatory changes stifle sentiment:” UBS Wealth tells its clients

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Disney stops paying 100,000 workers, roughly half its workforce, even as it protects executive bonus schemes and a $1.5 billion dividend payment due in July.

The U.S. Treasury saw a 31% drop in corporate tax revenues last year, almost twice the decline official budget forecasters had predicted. Receipts were projected to rebound sharply this year, but so far they’ve only continued to fall.

Wuhan, where the global pandemic began, reported its first cluster of new infections since a strict quarantine was relaxed in early April. This highlights once again the likelihood of rolling outbreaks around the world until there's a vaccine.

China's economy is slowing more than analysts had expected on almost all fronts.

The US federal minimum wage is worth 70% of what it was in 1968 and about a third of what it would be had it kept pace with productivity. This is especially relevant because in recent years, job growth has been concentrated in the lowest-paying industries.

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The top 1% of American households held 30.5% of U.S. wealth in June, up from 23.7% in late 1989. The bottom half’s share, meanwhile, has fallen from 3.6% to 1.9%: Fed data

"The next housing crisis is here, and this time, it’s about rentals." About half of the 43 million rental units in the U.S. are owned by small businesses that face insolvency as tenants fail to pay rent.

More than 40% of the U.S.’s 30 million small businesses could close permanently in the next six months because of the pandemic: Chamber of Commerce survey.

The Fed now owns almost a third of bonds backed by home loans in the U.S.

Nearly 20% of the U.S.’s largest publicly-traded companies are now considered zombies, meaning they don't earn enough to cover their interest expense. And they’ve added almost $1 trillion of debt to their books since the onset of the pandemic.

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