Highlights: Today’s backdrop is altogether different than that of February. For one, back then “money” was flowing readily into the emerging markets – too much of it “hot money.” “Risk on” was still […]
It [Contemporary Finance] amounted to the greatest transformation in financial and market structure in history, all backstopped by the “activist” Federal Reserve and global central bankers. It was a New Era – […]
Well, it is about time. I was beginning to wonder when the market would wake up to the downward shift in what has been driving the markets higher since 2009. If you […]
Market were blindsided in 2008. There was a complete lack of appreciation for how distortions at the “periphery” – in particular Trillions of risky mortgage loans, securities, derivatives and speculative leverage – […]
Obviously the best time to load up on stocks is when their prices are the most expensive in history by the most reliable long-term measures. And when half, yes half, of the […]
Long before fake news, there was financial news. And statistics. And analyst ratings. Have you ever noticed the financial news with tickers and flashy charts looks a lot like the inside of […]
Since 2007 global debt is 40% higher, the top five banks control more of the banking assets, shadow banking expanded from $28 trillion to $45, and banks were fined $321 billion but no one that caused the crisis went to jail. So welcome to the next crisis in waiting.
I’ve been here before and, candidly, it’s not much fun. Lodged in my mind this week was the brilliant quote from the 19th century German philosopher Arthur Schopenhauer: “All truth passes through […]
Wow, what a difference a year makes. What happened to the TSP I fund? As we will see, part of what happened was really what is not happening to the international fund. But first let’s discuss the TSP S fund.
Wow, what a difference a year makes. What happened to the TSP I fund? As we will see, part of what happened was really what did not happen to the international fund. Note: […]