Fixed Income

178 Posts

Weekend Reads for Investors: Greece, Currencies, and Earnings

Weekend Reads for Investors: Greece, Currencies, and Earnings

It’s been an eventful week for most investors, if not a profitable one. In Greece, the leftist Syriza party, which pledged to end austerity, won national elections, and Greek stocks responded by falling 15% over the next three days. Greece’s bailout program expires at the end of February, and their anti-austerity stance and ongoing need for cash sets the stage for a showdown with the so-called “Troika” of the European Union, the European Central Bank (ECB), and the International Monetary Fund (IMF). Expect plenty of political posturing in the coming weeks. Read more

Leave a Comment

Connecting the Dots: From US Shale Oil to London Real Estate

Connecting the Dots: From US Shale Oil to London Real Estate

What do the US shale oil play and London real estate have in common? A lot, it turns out. And if oil prices keep falling, the London (and for that matter Paris) property bubble(s) will burst. So, if you want to avoid the carnage or short real estate bubbles, builders, or banks in Europe, focus on the US energy sector and OPEC. Many investors are blinded by too narrow a focus, something I call micro-macro bias. Read more

15 Comments