This is the first part of a three-part discussion. To be sure you don’t miss the rest, subscribe to Inside Investing via e-mail or RSS. My firm recently sponsored an event on two emerging economies, China and India, titled “Elephant … Read more
2 CommentsToday’s most shared: Market fear gauge at a 7-year low. Spanish 10-year yield falls below US 10-year amid weak growth and inflation, quashed fear of default. Inside Bridgewater, the world’s largest, most successful hedge fund. Is Ray Dalio’s unusual philosophy … Read more
Leave a CommentToday’s most shared: The US economy has finally recovered the jobs lost in the wake of the financial crisis (although the population has grown). SEC puts market structure reform on the table. Larry Summers gives props to scholars of household … Read more
Leave a CommentToday’s most shared: ECB goes where no central banker has gone before, inaugurates a below zero interest rate policy, keeps finger on QE bazooka trigger. Felix Salmon: US abuses dollar’s role to pursue foreign policy interests with BNP, hurting prospects … Read more
Leave a CommentToday’s most shared: France threatens trade war over BNP fine. Foundation of US growth is smaller working population working longer hours for no increase in pay. Is a fund composed of companies vetted by gender diversity a good idea? How … Read more
Leave a CommentToday’s most shared: French see red over US effort to make an example of BNP, while other banks get away with murder. Not to mention BNP can ill afford $10b hit to capital. Are markets overbought, as complacency rules? Technical … Read more
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Often the price battle between buyers and sellers is described as the battle between fear and greed. I see the conflict as being between two vastly different sets of fears, with very little greed involved. The focus is not whether … Read more
Leave a CommentToday’s most shared: Many investors wrong-footed as US aggregate bond index returns a whopping 2.6% YTD, long bonds 10%. Icahn, Mickelson ensnared in insider trading investigation. Et tu, Lefty? Will there be a backlash against austerity, globalization? Three reasons globalization … Read more
Leave a CommentToday’s most shared: Homeowners tap equity, market volatility measures suggest complacency, TBTF, leverage, opaque derivatives and risk exposures remain…sound familiar? “History repeats itself, first as tragedy, then as farce.” Piketty and the FT, their latest exchange, but not necessarily their … Read more
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