Money and Finance
- Links
"Be always at war with your vices, at peace with your neighbours, and let each new year find you a better man." -Benjamin Franklin If you haven't signed up for the Five Good Questions email list, I highly recommend it. Jake does a great job, as can...
- Jain Feeds Buffett’s Hunger
I'm a bit late getting to this, but thanks to those who passed the link along. The first signs of a new Ajit Jain came at the January 2012 renewals, when the potential heir to Buffett played big on Australasian cat and international retro. Jain took...
- Hussman Weekly Market Comment: A Brief Primer On The European Crisis
With regard to the problems in Europe, investors have taken a great deal of hope from the promise of coordinated central bank "liquidity" operations in the event of deterioration. The problem here, in my view, is that whatever amount of liquidity central...
- Satyajit Das: Why Germany Can't Bail Out Europe
Germany is indirectly exposed through its support of various official institutions like the European Union (EU), the European Central Bank (ECB), the International Monetary Fund (IMF) and special bail-out funds. As of April 2012, the exposure of ECB alone...
- Hussman Weekly Market Comment: Whipsaw Traps
With respect to Europe's perceived "solution" to its debt crisis, the 50% write-down of Greek debt is appropriate (better than 21%, but probably still light), but it's not clear that this includes a writedown of Greek obligations to "official"...
Money and Finance
The ECB and OMT: OTT, OMG or WTF?
THE markets reacted with euphoria to the European Central Bank's new outright monetary transactions programme or OMT, the latest acronym to mark this crisis (remember all was supposed to be solved by the SMP, EFSF and ESM programmes?)…But we have seen in the past that the market reaction can quickly reverse. And the programme raises a number of questions.
- Links
"Be always at war with your vices, at peace with your neighbours, and let each new year find you a better man." -Benjamin Franklin If you haven't signed up for the Five Good Questions email list, I highly recommend it. Jake does a great job, as can...
- Jain Feeds Buffett’s Hunger
I'm a bit late getting to this, but thanks to those who passed the link along. The first signs of a new Ajit Jain came at the January 2012 renewals, when the potential heir to Buffett played big on Australasian cat and international retro. Jain took...
- Hussman Weekly Market Comment: A Brief Primer On The European Crisis
With regard to the problems in Europe, investors have taken a great deal of hope from the promise of coordinated central bank "liquidity" operations in the event of deterioration. The problem here, in my view, is that whatever amount of liquidity central...
- Satyajit Das: Why Germany Can't Bail Out Europe
Germany is indirectly exposed through its support of various official institutions like the European Union (EU), the European Central Bank (ECB), the International Monetary Fund (IMF) and special bail-out funds. As of April 2012, the exposure of ECB alone...
- Hussman Weekly Market Comment: Whipsaw Traps
With respect to Europe's perceived "solution" to its debt crisis, the 50% write-down of Greek debt is appropriate (better than 21%, but probably still light), but it's not clear that this includes a writedown of Greek obligations to "official"...