07-06-2016, 11:22 PM
Global markets are gripped by uncertainty. The Brexit decision in the UK has roiled markets, while the US election is sure to inject volatility in to the stock market. Then there is the fear of a recession on both sides of the Atlantic. Bond yields are at record lows, with more $10 trillion of bonds trading with negative yields. That poses a pretty significant challenge to all the investors out there who have chunky return targets.
Investment returns will fall short of requirements - Business Insider
Everywhere I went, investors pleaded with me to suggest an asset class where they could get double-digit returns. When I told them that future nominal returns from public equities were more likely to be closer to 5% than 10%, they were disappointed but understood my reasoning. If world real growth were 2% and inflation were 2% and productivity were 1%, 5% is all you were going to get in earnings."
Investment returns will fall short of requirements - Business Insider
You may not want to hear this but we have to say it again: Don't expect to get outsized returns given today's macro backdrop. That's according to the latest report by Henry McVey, head of global macro and asset allocation at private-equity firm KKR. He cited high price-to-earnings ratios for stocks, reflecting expectations of higher earnings growth in the future, and low yields on bonds, indicating expectations of low or negative inflation. "In particular, we just do not see how traditional pensions, endowments, and individual investors are going to meet their historical returns bogeys in a world when $9.9 trillion of liquid fixed income instruments now have a negative yield," McVey wrote.
KKR: It remains 'adult swim only' in 2016 - Business Insider
You really don't want a root canal, and not just because it's potentially painful. Emptying the tooth of the infected tissue at its heart potentially weakens it, since you can't grow that organic material back or put toxic fillings in its place. Researchers may have a solution, though. They've crafted fillings that get the tooth's own stem cells to regenerate and repair tissue. This doesn't mean that your pearly whites would return to normal, but the substance could heal the tooth enough to spare you a root canal or prevent fillings from going south.
Regenerative tooth fillings could put an end to root canals
A generation is nostalgic for an era that belongs to its parents, indignant in the knowledge of freedoms lost in these creatively “risk-averse” times. But were the 90s “better”, really? A speedy gif-trawl through 1996 alone offers up persuasive evidence: the Prodigy’s Firestarter is No 1; Oasis the biggest band on Earth, selling out Knebworth, twice; Jarvis Cocker is the most famous man in Britain after his Michael Jackson bum-waft at the Brits; Blur, Underworld, the Chemical Brothers and the Manic Street Preachers are everywhere; the nation’s favourite film is Trainspotting; our best TV shows are the gripping human dramas Our Friends in the North and This Life; the idealistic Tony Blair is edging towards Number 10 (and not yet mad with power); England are in the Euro 96 semi-finals.