2014

News links for 15 May 2014

What is the ECB likely to do come June? There has been a lot of speculation in the media about the ECB’s next move but the ECB has yet to make definitive statements on which way it is leaning and why. I believe quantitative easing is out of…

ekathimerini.com | Geithner describes alarm at Schaeuble plan for Greek euro exit in new book BBC News - UK unemployment rate falls to five-year low In Ukrainian media, an uncivil war of words : Columbia Journalism Review…

The last earnings report from Apple was good on many fronts. While I was concerned with the dip in sales everywhere outside of the iPhone, Apple’s iPhone sales showed great promise, both in terms of unit sales and average selling price. But…

News links for 13 May 2014

Today’s post is going to be short. The theme is income inequality. My thesis on this has been that globalization is a net transfer from the developed economy middle class to developed economy elites and the emerging market middle class. I…

Russia Says It Respects Disputed Ukrainian Referendums - Bloomberg Portugal inches closer to upgrade, spreads continue to outperform | Capital City | IFRe EU adds two Crimean companies, 13 people to Russia sanctions list | Reuters…

Expect the ECB to do something in June, but not QE Ukraine is the top geopolitical risk Rotation into defensive names in the US is worrying China is exporting deflation Easy money is causing a reaching for yield

News links for 9 May 2014

I believe investors are reaching for yield and there are multiple signals indicating such. This is a direct outgrowth of easy money policies by central banks as nominal yields are at record lows and real yields are negative. Investors,…