Head Of Blackstone's Real Estate Group Abandons Ship After Less Than A Year

The Kohn Solution For An Uncertain Fed Via RealInvestmentAdvice.com, Dario Perkins of TS Lombard wrote a piece titled “How to Respond to Oil Shocks.” His analysis draws on the Fed’s history to address how it should respond to today’s oil shock. While researching Fed transcripts from the 1990 Gulf War, he discovered a proposal by Don Kohn, senior Fed staffer, that offers a solution to the central bank’s oil shock problem: nominal GDP targeting. Kohn’s logic is straightforward and makes sense in the current environment where the Fed is contemplating monetary policy as...

EU Better Hope Global Warming Is Real As NatGas Withdrawals Begin With Dangerously Low Reserves European natural gas futures climbed for a second day as countries began drawing on stockpiles already at exceptionally low seasonal levels. Brussels is now left hoping that Greta Thunberg's global warming narrative is real to ease pressure on the region's fragile energy balance. Even then, one or two severe cold snaps could accelerate inventory depletion, intensify competition for LNG cargoes and push the energy-stricken continent toward another winter crisis, particularly if disruptions around the Strait of...