The Leyendecker View: Is ESG a Marketing Ploy?«Back


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The Leyendecker View: June 19, 2020


Every father should remember one day his son will 
follow his example, not his advice.
Charles Kettering
 

SOME GOOD NEWS

Highly effective lung cancer treatment
May be just around the corner.
 
Spot the robot dog is finally for sale
He’ll only set you back $74,500.

OUR FINANCE WORLD

ESG pushback
Are investors committed, or is this a marketing ploy?
 
The Fed to buy corporate bonds
Should we be excited, depressed, relieved?
 
College endowments lost 13% in first-quarter pandemic rout
Are they in education or the investing business?
 
Wells Fargo signals substantial layoffs ahead
Are banks about to ax a lot of well-compensated people?
 
Private money managers may have to cut their fees
Crisis tends to put more control into LP hands.
 
CORONAVIRUS
 
Track your state
Is it trending poorly, making progress or trending better?
 
The biggest psychological experiment in history
Is now running real time.
 
Did coronavirus start in August 2019?
A Harvard study thinks so.
 
People are back in their cars
Apple’s mobility requests returning to pre-crisis levels.
 
THE GLOBAL VIEW
         
Nation state vs. global order
An insightful perspective on the battle between them.
 
The future of work in Europe
Maybe it’s good they have a declining population.
 
The state of global peace
Interesting infographic.       
 
ECB preparing “bad bank” plan
To warehouse a wave of COVID toxic debt.
 
THE ECONOMIC VIEW
 
Dealing with this growing mountain of debt
No easy answers, but here are some options.
 
Don’t cheer too soon
Lots of challenges remain in the job market.
 
Fed suggests significant financial-sector vulnerabilities
Maybe because they are privy to impending bank loan problems?
 
REBUILDING AMERICA
 
“Buy America” not always best
Regulatory and tax policy limits our potential.
 
Hollywood getting back to work
We need more stay-at-home content!
 
And movie theaters eye a re-opening
Too late for the summer blockbuster season?
 
Big 3 automakers return to work
These weren’t essential jobs?
 
TECHNOLOGY
         
US withdraws from digital services tax talk
Europeans are not happy!
 
The Gospel according to Peter Thiel
Can we get too much of his thinking?
 
And then there’s Marc Andreessen
Marc tells us how he spends his time.
 
THE CHINA SYNDROME
 
Chinese diplomats behaving badly
Go figure.
 
Yet foreign direct investment in China continues to grow
Up 4.2% in May to US $9.87B.
 
China saber rattling Japan
Sends ships into Japanese waters 66 days in a row.
 
THE NEXT NORMAL
 
Ready to take a plane trip?
Prepare for the travel process to be even more frustrating.
 
The post-pandemic social contract
Rethinking the current order.
 
Young people having less sex
Even before coronavirus showed up.
 
See ya later, urban America
Why stay put when remote work can be anywhere?
 
A BETTER YOU
 
How to have difficult conversations
A hostage negotiator offers suggestions.
 
The best way to ask for a raise and promotion
What science tells us about strategy.
 
The best strategy for acing an interview
Is to be yourself.
 
VIDEO OF THE WEEK
 
Amazing Rube Goldberg machine
Wow! I mean, holy moly!
 
HOW ABOUT A BREAK
 
Emancipation Day in Texas
The history of Juneteenth celebrations in the state where they started.
 
Americans face new coronavirus challenge
A coin shortage.  
 
Building the Great Pyramid of Giza
Did it take 100,000 people or just 3,000 people?
 
FROM THE HEADHUNTER’S KITCHEN
                    
Lobster rolls
Cold or hot? How about one of both?
 
THOUGHTS FROM DOUG
 
If you are unemployed and bored, consider volunteering at your local food bank. Create a little goodwill, and maybe some good will come your way.
 
It’s Juneteenth. Given the last few weeks, I worry about what could happen today.
 
When are we going to start seeing loan problems in the commercial banking system? They gotta be there.
 
Are bright, caring and thoughtful people eventually going to quit social media?
 
Everyone is worried about China “getting ahead” of the US in the technology race. But let’s consider that today’s technological innovations have led to a growing income and wealth gap.  They’ve led to a declining middle class. As marvelous as these technologies seem, the US can’t hardly buy 2% GDP growth. And, they’re creating social unrest, anxiety and political divisiveness. Hmmm…Maybe we should let China “win” the tech race.
 
How long before Google, Amazon, Facebook and Microsoft are broken up?
 
Those with everything to lose probably should pay a bit more attention to the thinking of those with nothing to lose. Maybe a good time to re-watch “Gangs of New York.”
 
IN CASE YOU MISSED IT
 
The Leyendecker View: Are PE Investors “Free Market”?
June 12, 2020
 
The Leyendecker View: Options for the Next Stimulus Bill
June 5, 2020
 
 

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