Credit Suisse

Meredith, Koch Brothers Buy Time Inc In $2.8 Billion Deal

Meredith Corp., publisher of Better Homes & Gardens, Martha Stewart Living and Family Circle announced it has agreed to acquire all of Time Inc's outstanding shares for $18.50/share or $1.85BN; including the assumption of Time's debt, the deal is valued at a total of $2.8 billion. The acquisition is also backed with a $650 million preferred equity commitment from Koch Equity Development, the private equity firm of Charles and David Koch.

Golden Catalysts

"The physical fundamentals are stronger than ever for gold...There’s just not that much gold available. But in the paper gold market, there’s no limit on size, so anything goes."

Why Australia's Economy Is A House Of Cards

"For over a quarter of a century our economy mostly grew because of dumb luck... As a whole, the Australian economy has grown through a property bubble inflating on top of a mining bubble, built on top of a commodities bubble, driven by a China bubble....Unfortunately for Australia, that “lucky” free ride is just about to end..."

Why Credit Suisse Thinks Millennials Are The "Unluckiest" Generation

"The Millennials have not been a lucky cohort so far...  Some have had substantial family help in paying for education and buying homes, and some stand to inherit from wealthy boomer parents in the future. But there are many Millennials who have not been so fortunate...."