Investors are eyeing higher-yield hospital revenue bonds amid bargain prices underscored by the 10-year US Treasury, which is priced at its lowest level since 2017. But health systems have not yet stepped up to issue more debt to meet demand. … READ MORE >
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RSM Brexit Stress Index closes week up, as May resigns PM post
The RSM Brexit Stress Index moved higher again in the week, as Prime Minister Theresa May of the Conservative Party resigned her post following multiple failed attempts to solidify a plan for Britain’s departure from the European Union. … READ MORE >
Can consumers carry the economy amid weak business investment?
Durable goods orders in April showed broad weakness as expected, down 2.1 percent. However, in addition to April results, March durable goods numbers were also revised downward, compounding the impact and creating a weaker trend. Can consumer spending pick up the slack? … READ MORE >
Health care deal outlook for 2019 good, despite slow start to year–panel
Health care deals are down to start 2019, but the outlook is good, largely due to of the amount of dry powder on the sidelines, a recent panel of private equity professionals noted earlier this month. … READ MORE >
IMF cuts global growth outlook to lowest since 2009
The International Monetary Fund recently revised downward its forecast for global growth to 3.3 percent from 3.5 percent, the lowest level since 2009. Business executives, advisors, and other leaders must understand the fundamental changes that informed the revision and how those changes may impact their organizations. … READ MORE >
The RSM Brexit Stress Index–a waiting game
The RSM Brexit Stress Index finished the week at 0.36, virtually unchanged from last week’s close. Although the index remains within a range of normality in terms of asset price movement and volatility, there were nevertheless signs of increased stress in the majority of markets. … READ MORE >
Homebuilder confidence supported by rise in housing starts
There is good news for the U.S. housing market that saw a rough end to 2018. Domestic housing starts rose 5.7 percent to 1.235 million in April, while permits grew at a more modest 0.5 percent to 1.296 million. The growth was primarily driven in the Northeast and Midwest—drying out … … READ MORE >
Key construction index shows improvement, but builder cost hurdles remain
The National Association of Homebuilders’ Housing Market Index rose 3 points to 66 in May—a seven month high—helped by lower mortgage rates and improved sales of new homes. The increase added momentum to this year’s upward trend following a low at the end of 2018. A reading above 50 indicates more builders see conditions as good than poor. … READ MORE >
What constitutes a trade war? You’re looking at it
While we have remained cautious, now there is no mistake: A trade spat initiated by the United States last year with the imposition of tariffs on steel and aluminum imports has clearly escalated into a full-blown trade war. … READ MORE >
A pivot point for agriculture : Can agritech save farming?
The U.S. agriculture sector has been hard hit in recent years due to changing global demand and the onset of the Trump administration’s trade conflicts. Growth of real net farm income in 2019 dollars has been negative in nine of the past 19 years. Here’s a look at some of the actions we could take to reverse these trends. … READ MORE >