A year after it started buying corporate bonds, the ECB is one of the world's biggest investors. But is the central bank distorting European capital allocation and acquisition activity?
S&P 500 companies have $2.4 trillion of cash and investments which may soon be repatriated back to the US as a result of tax reforms. We visualise the size of this cash pile relative to market cap.
Just over two years ago, I took a train from Berlin to Wolfsburg, to visit a senior executive at Volkswagen.