Should investors fear an erosion of the illiquidity premium?
Learn how J.P. Morgan creates customized plans to help clients implement a liability driven investment (LDI) strategy.
In this paper, we assess the potential risks associated with such a strategy by stressing capital requirements using spread-implied ratings.
We emerged with a cautious near-term view from our latest quarterly strategy meeting in early September. In our base case scenario, the global economy is expected to narrowly avoid recession and continue to grow, albeit much more slowly.
Armageddonists and the portfolio cost of fear, 2010-2019
Timely economic and market insights for Asia countries
Learn about the important topics covered in the Outlook and their potential impact on broader markets. Michael Cembalest touches on topics including: the global banking system, oil markets, the credit risk of US states and credit market liquidity.
Michael Cembalest discusses the aches and pains constraining growth around the world, the severity of these ailments, and the degree of contagion from emerging to developed economies.
A brief comment on a proposal from leading Presidential candidates to ban hydraulic fracturing everywhere, immediately.