What we’re reading (3/8)
“Goldman Sachs Says Investors Unprepared for U.S. Curve Inversion” (Bloomberg). “It’s ‘a matter of arithmetic’ that ‘an extremely inverted inflation curve makes inversions of the nominal yield curve that are either earlier in the cycle or deeper’ than investors have been used to in recent decades, [Goldman Sachs Chief Global Rates Strategist Praveen] Korapaty writes.”
“Russian Default’s Limited Financial Fallout” (Fisher Investments). “Some form of Russian sovereign bond default is looking rather likely, but the implications seem considerably smaller than 1998’s, which played a central role in that year’s correction.”
“You Can Still Find ‘Cheap’ Gas — If You Know Where To Look” (CNN Business). “The data show that there's a wide range of pricing in most markets, even in many of the states where the average price is now well above $4. Most stations try to stay just below that mark, even if that means charging $3.999, which is the most common price for a gallon of regular gas at US stations Tuesday, according to the Oil Price Information Service, which tracks prices for AAA.”
“Making Sense Of Why Executives Are Eager To Get Employees Back In The Office” (CNBC). “‘I’ve heard so many times from executives about the importance of whiteboarding, but that sentiment is always coming from the person who is controlling the pen in that whiteboard sessions,’ [Brian] Elliott [President of the Future Forum] said. ‘The truth is whiteboarding leads to group think. If you allow people to submit ideas on their own, not in a room with others, studies show you’ll get more creativity.’”
“U.S. Probes Options Trade That Gained On Microsoft-Activision Deal” (Wall Street Journal). “Federal prosecutors and securities regulators are investigating large bets that Barry Diller, Alexander von Furstenberg and David Geffen made on Activision Blizzard Inc. shares in January, days before the videogame maker agreed to be acquired by Microsoft Corp., according to people familiar with the matter. The three men have an unrealized profit of about $60 million on the options trade, based on the recent Activision share price of around $80, according to the people.”
