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Lunar New Year
the Lunar New Year
markets."The Year of the
The Lunar New Year

Positivity     39.00%   
   Negativity   61.00%
The New York Times
SOURCE: https://www.axios.com/newsletters/axios-edge-10ddbb4d-8285-47f7-9f03-32f58a940f75.html
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Summary

In this week's chart-filled edition of Axios Edge: Davos, bankruptcy finance, college admissions, rhodium, a NY Times endorsement, and more on the Lunar New Year. This year, as climate change and talk of "stakeholder capitalism" increasingly dominate the public agenda, the gap between why delegates go and why they say they go is wider than ever.Why it matters: Davos, once a quiet Alpine talking shop, has become a global media frenzy. That business — known as debtor-in-possession financing, or DIP loans — stubbornly refuses to succumb to the efficient market theorem.Driving the news: This year's annual meeting of the American Economic Association saw the presentation of a compelling new 57-page paper from Espen Eckbo, Kai Li, and Wei Wang. This evidence shows that DIP lenders—super-priority lenders of last resort — engage in a form of rent extraction not seen elsewhere in the US credit markets."The Year of the Rat begins on Saturday, writes Axios' Courtenay Brown.Why it matters: China’s New Year is the country’s biggest holiday, and it's accompanied by spending on travel, food and high-end gifts during the week-long celebrations.

As said here by Felix Salmon