John Authers

New York

Columnist, Bloomberg @business. Previously 29 yrs @FT Englishman in New York. Mexicanophile. RedSox&Seagulls4ever. Views mine except RTs Please sign up below:

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Articles

Warren Buffett Versus American Capitalism

5 days ago | ndtvprofit.com | John Authers

Nevertheless, there is a profound argument that Buffett is not “investing in the growth of our nation and its businesses,” to use Dimon’s phrase. Instead, he has depended on capitalism’s dirty secret; that success comes not through Schumpeterian creative destruction or competing frantically in innovative new businesses, but by not having to compete at all. His famous search for companies with a “wide economic moat” is a folksy and charming way to say that he only wants impregnable monopolies.
Warren Buffett Versus American Capitalism

5 days ago | bloomberg.com | John Authers

Talk folksy and build a wide moat. (Bloomberg Opinion) -- Warren Buffett, in the eyes of JPMorgan Chase’s CEO Jamie Dimon, represents “everything that is good about American capitalism and America itself — investing in the growth of our nation and its businesses with integrity, optimism, and common sense.”Does he really? As he prepares to step down from the helm of his great investment vehicle Berkshire Hathaway Inc.
Warren Buffett Versus American Capitalism

5 days ago | flipboard.com | John Authers

NowNew York CNN — OK, so! After a month of negotiations, we finally have a “full and comprehensive” trade agreement with our old pals across the pond. Huge news! What a relief, right? Pop the champagne, the trade war nightmare is almost over… What’s that? What’s in it, you ask? Like, what is the “deal” …
Stagflation, But That's Not Important Right Now

1 week ago | bloomberg.com | John Authers

To get John Authers’ newsletter delivered directly to your inbox, sign up here. Points of Return will not be in your inbox tomorrow. After almost seven years, we’re going to bring publication down from five newsletters per week to four, appearing Monday through Thursday, and publish a new weekly essay for Bloomberg’s recently launched Weekend section in place of the Friday edition.
Markets Can’t See a Recession Through the Tariffs

1 week ago | bloomberg.com | John Authers

In all this confusion, a clearcut indicator isn’t ringing the alarm bells it should.
Markets Can’t See a Recession Through the Tariffs

1 week ago | flipboard.com | John Authers

1 hour agoTrump orders end to federal funding for NPR and PBSPresident Trump signed an executive order Thursday directing the Corporation for Public Broadcasting's board of directors to "cease federal funding for NPR and PBS," the nation's primary public broadcasters. Trump contends that news coverage by NPR and PBS contains a left-wing bias. The federal …The release date for Hollow Knight Silksong has finally been narrowed down.
Stocks Recover From Liberation Day Tariffs, But Another Date Looms

2 weeks ago | bloomberg.com | John Authers

To get John Authers’ newsletter delivered directly to your inbox, sign up here. It looks as though the markets have finally achieved liberation from April 2’s Liberation Day. Measures of risk appetite (the Bloomberg Financial Conditions index) and perceived risk in the credit market (proxied by the option-adjusted spread on Bloomberg’s US high-yield index) are both almost back where they were before President Donald Trump began his presentation in the rose garden:
Liberated But Not Yet Free

2 weeks ago | flipboard.com | John Authers

1 day agoDuring the first 100 days of the Trump administration, shock waves from the chaotic tariff rollout continue to send tremors through the global financial system. One hundred days of President Trump. Seventy days of whipsaw trading in financial markets. Thirty-two days of losses. More than $6.5 …
Canada Escaped a Trump Trap, But Carney's Boxed In

2 weeks ago | bloomberg.com | John Authers

To get John Authers’ newsletter delivered directly to your inbox, sign up here. At one level, what Canada has just done is the height of small “c” conservatism. Voters have installed a former Goldman Sachs banker who used to run their central bank, and previously had no role in elected politics, as their new prime minister. That’s just what Italy did in 2021 when it appointed Mario Draghi to bring some technocratic calm to overheated politics.
Canada Escaped a Trump Trap, But Carney’s Boxed In: John Authers

2 weeks ago | news.bloomberglaw.com | John Authers

To get John Authers’ newsletter delivered directly to your inbox, sign up here. • Yup, it’s . And probably a much bigger deficit for Canada. • The utterly ballooned last month, thanks to -frontrunning. • have risen accordingly (somewhat but not totally logically). • As for markets, US stocks are still gaining and bonds have calmed. • AND: Like Churchill said, Never Give InAt one level, what Canada has just done is the height of small “c” conservatism.