1049 days ago
According to the World Happiness Report 2020, the three happiest countries in the world are all Scandinavian, with Finland, Iceland and Denmark composing the top. Switzerland is the fourth country on the list, while the US sit in the 14th position.
1049 days ago
Only base effects and transitory?
1050 days ago
While digital was the primary driver of growth in 1Q20, the comp growth of +22.9% in 1Q21 was driven primarily by stores (+18%!). Both stores & digital channels have expanded first quarter sales by more than $3bn over the last two years. Same-day services represented “well over half” of digital sales in the quarter (vs. “less than 1/3” in 1Q19), and TGT’s continued investments and expanded merchandise offerings across its same-day services could support growth.
1051 days ago
In what some have dubbed a repeat of Greenspan's "irrational exuberance" description of the dot-com bubble in the 1990s, this morning the ECB warned in its Financial Stability Review (in which it used the word "exuberance" at least 8 times), that the euro-area faces "elevated" risks to financial stability as it emerges from the pandemic with high debt burdens and “remarkable exuberance” in markets as bond yields rose. The stark warning, first reported by Bloomberg, sent risk asset reeling and cryptocurrencies tumbling and highlights mounting concerns that the flood of fiscal and monetary stimulus needed to fight the crisis is also building up dangerous imbalances.
1051 days ago
Bond markets signaling inflation's gonna run HOT near term. Bond markets also signaling Fed's gonna continue to ignore it
US 2-year treasury yield is at 0.15%
US 2-year breakeven rate is at 2.97%
