Articles I’m reading
KKR published their usual
decks (Global Macro Trends) that are always filled with brilliant content and charts, and they highlighted the following points:
- Bumpy, but faster growth
- Now as worried about a lower US saving rate signalling an overextended consumer
- Bigger regional differences in interest rates. In the US, what’s the rush?
- Better EPS, driven by higher margins
- Crude Oil – $80 is the New $60
- Vital need for diversification given increasing correlation between equities and bonds
Of note, KKR’s cycle indicator is pointing towards Early Cycle:
Venture Capitalists and Artificial Intelligence (AI) practitioners have touted that AI may boost productivity across the world over the next decade. But I came across this
commentary from Reuters that is sceptical of the AI miracle to increase productivity.
Amid other claims about reduction in corporate costs in operational efficiencies, one key reason according to the author is a much philosophical one: the lack of explanation of its predictive...
