Markets

The yen bears have been frustrated by a series of developments. They were unpleasantly surprised by news that the Japanese themselves were large sellers, not buyers, of foreign bonds in the first full week of the new fiscal year. In…

This is a good interview with Kyle Bass because it cuts to the heart of the matter. If you are a partisan in the Bass debate on Japan, you can see him as being either correct or incorrect. Now, I have covered this before and I have stressed…

In the short term, though, a continuation of the currently lax monetary policy is likely to lead to higher assets prices. The investor mindset is very much in risk-on mode at the moment, as documented by the surprisingly calm reaction to…

Moody's Investors Service has today affirmed the Republic of Ireland's Ba1/Not Prime government bond ratings and negative outlook.

Moody's issued the following press release yesterday in relation to Argentina's foreign-law sovereign obligations.

"China's economy has become the second largest in the world, but its rapid growth may have created the largest housing bubble in history. Lesley Stahl reports."

The seemingly never-ending debate on passive vs. active investment management is beginning to annoy me. The discussion is one-dimensional and, at times, completely derailed. I shall be the first to admit that the long-only industry has not…

Bernanke will inflate at an accelerating pace. The other central banks will chase him.

Sub-investment-grade loans continue to perform well, driven by demand for floating rate product. As an example, the chart below compares the performance of Invesco's "Senior Income" fund (VVR) - which mostly holds loans of…

So what is a safe haven you might ask? Well I certainly don't have the final answer, but I would suppose it should as many as the following characteristics as possible.