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Predicting major correction in 2013 as contrary indicators are mostly bearish
Last year, I was bullish on European shares and this proved the right call as they modestly outperformed. As this year begins, I am doing a lot of thinking about my much-delayed "Ten Surprises for 2011" post. And as I compile list items,…
Why Apple’s low guidance has market disturbed
Here's the deal: Apple's halo effect has gone and investors are not impressed by Apple's earnings guidance. This quarter's earnings is proceeding exactly as I indicated it would earlier today.
On Apple’s earnings
There's a lot of angst surrounding Apple's earnings announcement because of the stock's sell-off. While I have turned bearish on Apple, I still believe the numbers for the quarter will be good. The question for me is guidance.
Will Britain be forced out?
I want to briefly reiterate the theme of an October post on Britain's role in Europe because of a speech the Prime Minister David Cameron made earlier today. Cameron, in a major speech in London, promised that if his party wins the next…
Confirmation of my view on Ireland and Portugal from Olli Rehn
This is an update to today's weekly on Ireland and Portugal. Olli Rehn, the European Economics Commissioner has just confirmed my months' long forecast on how the Irish and Portuguese bailouts would proceed: with an OMT-style exit…
On the importance of supply side problems
Raghuram Rajan has an interesting post now up on Project Syndicate. The overall tone of it has an Austrian feel as it stresses the failure of stimulus to allow developed economies to attain higher GDP growth a full five years after a…