The Flawed Logic Of Inflation
Monday, October 10, 2016 8:55 AM EDT
Why do the Federal Reserve and many economists want more inflation?
All Contributions
The QE Premium
Monday, September 26, 2016 8:58 AM EDT
Over the last eight years investors have adopted a mindset that Fed intervention is good for asset prices, despite clear evidence that it has contributed little to the fundamental rationale for owning such assets.
Diversify At Your Own Risk
Monday, September 12, 2016 11:53 AM EDT
Buying assets for the sake of diversifying, without regard for valuation, is fraught with risk regardless of how many different securities and asset classes one may hold.
In this article: VIX
GDP – Even Less Than Meets The Eye
Wednesday, September 7, 2016 8:56 AM EDT
The most common statistic used to measure the size and growth rate of a nation’s economy is Gross Domestic Product (GDP).
Bubbles And Elevators
Wednesday, August 31, 2016 9:23 AM EDT
Volumes have been written on behavioral finance and the seemingly “irrational” decisions investors tend to make to avoid straying from the herd.
What, Me Worry? - Addendum
Wednesday, August 24, 2016 6:09 PM EDT
What is the harm in acquiring some cheap insurance to protect against downside risk?
What, Me Worry?
Wednesday, August 17, 2016 9:52 AM EDT
Investors are electing to ignore fundamental news and data on the presumption that the central banks will “do whatever it takes” to prevent markets from correcting.
In this article: VIX
"Mm Mm Good" - But Very Expensive
Thursday, August 4, 2016 11:15 AM EDT
No U.S. bond trader under the age of 56 has traded in a prolonged bear market. That striking fact is a function of steadily falling bond yields since 1981.
Another Warning In The GDP Data
Monday, August 1, 2016 7:00 PM EDT
On July 29, the Bureau of Economic Analysis released the second-quarter GDP figures and revisions for prior quarters. At a disappointing annualized growth rate of only 1.20%, second quarter GDP widely missed consensus expectations of 2.50% growth.
The Japanese Economy: Kyōki (Insanity)
Wednesday, July 27, 2016 2:52 PM EDT
Of all the developed countries, Japan is in the worst condition economically. Most others, including the United States, are following the same path to insanity though. Unlike Japan, other countries may have time to implement policy changes.
A Shot Of Absolute
Wednesday, July 20, 2016 12:55 PM EDT
In the seven years since the financial crisis, most asset prices have experienced significant appreciation, allowing for even the most inexperienced of investors to increase their wealth. As the saying goes, “a rising tide lifts all boats”.
In this article: SPX
Price To Sales Ratio – Another Nail In The Coffin?
Tuesday, July 5, 2016 12:08 PM EDT
Barring major changes in the way the economy is being managed or a globally transformative breakthrough, there is little reason to expect a more optimistic outcome.
The Fifteenth Of August
Tuesday, June 28, 2016 10:30 AM EDT
August 15, 2016 will mark the 45th anniversary of President Nixon’s decision to close the gold window. U.S. citizens and the government are now beholden to the consequences of years of accumulated debt and weak productivity growth.
The Employment Trend May Not Be Your Friend
Friday, June 10, 2016 10:36 AM EDT
If C&I loan delinquencies prove, once again, to be a leading signal of employment trends, ensuing job losses will send the BLS employment data and the ISM non-manufacturing employment survey well below levels that, in the past, were recessionary.
The Death Of The Virtuous Cycle
Wednesday, June 1, 2016 9:46 AM EDT
Despite many promises, there has been no sustainable economic recovery.
Mind The Gap
Thursday, May 26, 2016 10:58 AM EDT
Since October 1, 2011, the S&P 500 has risen 82% on the heels of strong earnings growth. Prices have risen substantially, while earnings have actually fallen.
In this article: SPX
