Money and Finance
- Hoisington Q3 2013 Letter
The Fed’s capabilities to engineer changes in economic growth and inflation are asymmetric. It has been historically documented that central bank tools are well suited to fight excess demand and rampant inflation. The Fed showed great resolve in containing...
- Steve Romick's Q2 Commentary
Found via ValueWalk. Our views on the economy are not terribly original and have not changed significantly in the past six months. It’s a challenge finding new ways to say the same thing. So we won’t. We think our past commentaries effectively communicate...
- Albert Edwards Excerpt...
The excerpt below was posted on Business Insider HERE:And while we are on the theme of mission creep, the incoming Bank of England Governor Mark Carney has given the clear impression from his statements over recent weeks that he does not agree with Mervyn...
- John Mauldin: The Good, The Bad, And The Greek (risks)
Greece was (and is) the first real test of the euro. Until the Greek crisis, there was no real need for any eurozone country to actually write a check for any other member. Ireland obligingly shouldered the responsibility for its own bad bank debts, paying...
- Albert Edwards: Were The Us & Uk Central Banks Complicit In Robbing The Middle Classes?
Ben Bernanke’s recent speech at the American Economic Association made me feel sick. Like Alan Greenspan, he is still in denial. The pigmies that populate the political and monetary elites prefer to genuflect to the court of public opinion in a pathetic...
Money and Finance
The Absolute Return Letter - July 2013: Much Ado about Nothing
The growing presence of political incompetence is beginning to annoy the world’s central bankers. The Bank for International Settlements (the central bank of central banks) has sharpened its knives, but BIS cannot have it both ways. Simultaneous de-leveraging in the public and the private sectors would lead to a serious economic set-back, possibly even a 1930s style depression. Meanwhile, nobody can afford for interest rates to rise, so expect central banks to fight the recent trend with all the tools at their disposal. But can they actually control the yield at the long end of the curve? That’s the big question.
- Hoisington Q3 2013 Letter
The Fed’s capabilities to engineer changes in economic growth and inflation are asymmetric. It has been historically documented that central bank tools are well suited to fight excess demand and rampant inflation. The Fed showed great resolve in containing...
- Steve Romick's Q2 Commentary
Found via ValueWalk. Our views on the economy are not terribly original and have not changed significantly in the past six months. It’s a challenge finding new ways to say the same thing. So we won’t. We think our past commentaries effectively communicate...
- Albert Edwards Excerpt...
The excerpt below was posted on Business Insider HERE:And while we are on the theme of mission creep, the incoming Bank of England Governor Mark Carney has given the clear impression from his statements over recent weeks that he does not agree with Mervyn...
- John Mauldin: The Good, The Bad, And The Greek (risks)
Greece was (and is) the first real test of the euro. Until the Greek crisis, there was no real need for any eurozone country to actually write a check for any other member. Ireland obligingly shouldered the responsibility for its own bad bank debts, paying...
- Albert Edwards: Were The Us & Uk Central Banks Complicit In Robbing The Middle Classes?
Ben Bernanke’s recent speech at the American Economic Association made me feel sick. Like Alan Greenspan, he is still in denial. The pigmies that populate the political and monetary elites prefer to genuflect to the court of public opinion in a pathetic...