Browsing: trillion

South Korea’s securities industry will invest up to 1 trillion won ($720 million) over the next three years in secondary transactions to help venture capital investors cash out. Mega investment banks will commit more than 600 billion won on their own, while major brokerages and the Korea Financial Investment Association will separately set up a…

The U.S. national debt is hurtling toward $40 trillion, and Bank of America Research strategist Michael Hartnett’s “Anything but Bonds” framework is becoming ever more applicable. Boiled down, Hartnett warns the U.S. is accumulating too much debt, which causes the government to issue too many bonds. Investors want compensation for the fiscal risk, making long-duration…