Mark’s Musings: 10.28.22
Here’s some light reading to wrap up your week. Enjoy!
U.S. firms developing a new generation of small nuclear power plants to help cut carbon emissions have a big problem: only one company sells the fuel they need, and it’s Russian. [Ungated Content]
An increase in PE firms selling companies to each other—otherwise known as secondary buyouts. A warning of the opaque nature of the private markets, which can make it difficult to assess the true value of assets. [Ungated Content]
An analysis by Deutsche Bank economists shows that 20 U.S. states have recently enacted, or are in the process of enacting, stimulus programs. Such plans cover more than half of the U.S. population, and in aggregate amount to about $31 billion. That is equivalent to roughly a quarter of the third round of pandemic stimulus checks authorized in March 2021. [Gated Content]
Savers weren’t the only ones who suffered from low interest rates for most of the past decade-plus. Some asset managers suffered, too—but those days are gone. [Gated Content]
American home builders have decided to slow down. The Commerce Department on Wednesday reported that construction was started on 1.439 million homes last month, at a seasonally adjusted, annual rate, down 7.7% from a year earlier. Excludes starts on multifamily dwellings, which can be volatile from month to month, and the decline was even more severe. Single-family starts, at an annualized 892,000 homes, were down 18.5% from a year earlier. [Gated Content]
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