The Shanghai Composite rallied 10% this week, enjoying the “biggest two-day rebound since 2008.” Friday saw Germany’s DAX surge 2.9%. French, Spanish and [...]
So how big of a deal is the Triad of Turmoil unfolding in Greece, China and Puerto Rico? Thus far, general contagion has been minimal. Bullish sentiment [...]
My Mac is on a moving truck somewhere between Pittsburgh and Eugene. Moving cross-country entails some work. But it’s exciting to be returning [...]
My apologies. I had commitments today and was unable to find the time to write. For the Week: The S&P500 declined 0.7% (up 1.6% y-t-d), and the Dow [...]
In its basic form, Credit is someone’s promise to pay “money” at some point in the future. Credit instruments are an “IOU.” Importantly, new [...]
The Peterson Institute for International Economics this week held it’s sixth annual “Fiscal Summit,” a wide-ranging and critical discussion of issues [...]
As an analyst of Bubbles, I’ve grown convinced of some things: First, it’s vital to recognize Bubble distortions early before they become deeply ingrained [...]
Bill Gross penned another interesting commentary, “A Sense of an Ending.” The title comes from a Julian Barnes novel, of which Gross pulls the following [...]
May 1 – Reuters (Jamie McGeever): “The calm on global financial markets masks a growing threat to their smooth functioning should shrinking liquidity morph [...]
The lesson should have been learned by 1994. After a period of extraordinarily loose monetary policy, bloody market chaos was unleashed when the Fed bumped up [...]
I found myself this week reflecting back to this past May, shortly after Ben Bernanke began his (reportedly) $250,000 dinner meetings. May 6 – Bloomberg: [...]
I found myself this week reflecting back to this past May, shortly after Ben Bernanke began his (reportedly) $250,000 dinner meetings. May 6 – Bloomberg: [...]
