Markets

By Michael Lebowitz and Daniel Cohen, Absolute Investment Management Given that we can not adequately explain the enormous rise as of late and don’t believe it to be related to the weakening dollar or the economy (as gold has not…

Now that the Fed has confirmed it won't raise rates and the dollar is dropping, for me it means that negative real rates will continue and that the currency wars are back on. I have comments on what negative real rates mean for investors. I…

The Turkish lira is under pressure today, and is also due to some market concerns with central bank credibility. Like in Brazil, Turkey macroprudential policies simply have not worked.

We argue that a key driver lifting the euro has been the divergent monetary policies of the Federal Reserve and the ECB.

You've probably heard the term "smart money" used by various pundits, a reference to those investors and institutions that are consistently better at making money than the uninformed masses. Which begs the question: are you one of them?…

What a cruel month April has been to the peripheral debt markets. Greek 10-year yields have risen 349 bp, more than the cumulative increase over the previous 11 months. Portugal's 10-year yield has risen 180 bp this month and 190 bp over…

Brazil current account deficit came in at a wider than expected -$5.7 bln in March, but was fully covered by FDI totaling $6.8 bln that month. On a 12-month rolling basis, FDI was $60.4 bln vs. a current account gap of -$49.8 bln, pushing…

Grantham: "The world is using up its natural resources at an alarming rate, and this has caused a permanent shift in their value. We all need to adjust our behavior to this new environment. It would help if we did it quickly."

The press is reporting that China plans to set up new investment funds that will put some of its $3 trln in foreign reserves to work in energy and precious metals. The PBOC is also reportedly studying a proposal to set up some sort of…

Fred Sheehan argues that it is unlikely that Ben Bernanke will raise rates. He says either the market or a successor will do so. He adds that there are several similarities between current trends and those in 1994, a year when many…