Introduction To use a term from tennis, a trap is an unforced error. In our arena of investments a trap is a concept/thought that leads us to significant losses of capital, or worse, opportunities to make sound productive investments. Last … Read more
4 CommentsToday’s most shared: For investors, you can never be too rich, too thin, or have too low inflation. But deflation is potentially disastrous for a real economy fueled by the indebted. The proliferation of ETFs, including risky, complex levered ETFs, … Read more
Leave a CommentToday’s most shared: Emerging market contagion. Draghi moots unconventional monetary policy, QE to fight deflation. The American voter, like Ronald Reagan, says, “I’m not worried about the deficit — it’s big enough to take care of itself.” Inequality grows as … Read more
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Retail investors are currently pouring money into “bank loan” funds at a record rate, and the longer term implications are cringe worthy. The popularity and rationale for investor interest has some merits, but only on the surface. The reasoning goes … Read more
5 Comments Introduction I am not always a contrarian, but an opposite view from the crowd often gives an investor a safer perspective. Thus the lackluster performance of the US stock market in the first half of January is a prod to … Read more
Leave a CommentToday’s most shared: After ‘Whale,’ $20b in fines, JPMorgan’s Jamie Dimon gets a raise. Emerging markets contagion feared as Fed tapers, Argentina devalues. Big study finds US intergenerational social mobility little changed despite regional variations, wider inequality. BoE governor Carney … Read more
Leave a CommentToday’s most shared: Feds examine whether Berkshire Hathaway is systemically important. Bullish money managers push back on Goldman assertion that stocks look pricey. Icahn fires another broadside at Apple, buys more shares. Gross on Pimco shakeup. Krugman – people who … Read more
Leave a CommentToday’s most shared: Shifts at top of Pimco after tough year for the world’s largest bond fund. Bank reform regulations bite as 6x EBITDA leverage cap guidance hits LBO lending, swaps market splinters between centrally cleared and OTC dealers. British … Read more
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Editor’s note: We asked Hadley to undertake some research into India in preparation for the report we ran a few weeks ago. It was a tough assignment, and she confronted many of the same issues that any research analyst might … Read more
Leave a CommentToday’s most shared: Gradually closing the spigot as Ben Bernanke hands the money hose to Janet Yellen. Derivatives remain a potential source of systemic risk, contagion. Addiction to money, status drives Wall Street. 85 richest people as wealthy as bottom … Read more
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