More than two months have passed since the August “flash crash.” Fragilities illuminated during that bout of market turmoil still reverberate. [...]
October 16 – Wall Street Journal (Alan S. Blinder and Mark Zandi): “Don’t Look Back in Anger at Bailouts and Stimulus… Logic dictates that [...]
Dr. Bernanke has referred to understanding the forces behind the Great Depression as the “Holy Grail of Economics.” I believe understanding the [...]
October 2 – Reuters (Ann Saphir): “Letting the U.S. economy run at ‘high-pressure’ for a while by keeping interest rates relatively low will [...]
The Federal Reserve is flailing and global currency markets are in disarray. Notably, the Brazilian real dropped more than 10% in five sessions, [...]
The Federal Reserve is flailing and global currency markets are in disarray. Notably, the Brazilian real dropped more than 10% in five sessions, [...]
September 18 – Reuters: “The world’s leading central banks are facing the risk that their massive efforts to revive economic growth could [...]
Let’s this week begin with a cursory glance at the world through the eyes of the bulls. First, the global backdrop provides the Fed convenient [...]
Too often it’s as if I’m analyzing an altogether different world than conventional analysts. My strong preference is to be viewed as an adept and [...]
The week commenced with yet another “flash crash.” The August 2015 version was notable for its ferocity and impressive global scope. Then there [...]
August 17 – Reuters Breakingviews (Edward Chancellor): “Financial markets, like religions, are faith-based networks. The complex structures of [...]
I figured I would surprise readers this week and focus on China. There’s been a lot written and spoken this past week. My challenge is to put [...]
I figured I would surprise readers this week and focus on China. There’s been a lot written and spoken this past week. My challenge is to put [...]
There just can’t be a more fascinating endeavor in finance (anywhere?) than analyzing Credit and speculative Bubbles. Such undertakings do not come [...]
In a tiny subsection of the analytical world, analysis is becoming more pointed and poignant. I appreciate Bill Gross’s August commentary, where he [...]