Sign in
Sign in
Recover your password.
A password will be e-mailed to you.
Browsing Category
Members
What developments in Spain and the Netherlands mean for European policy outcomes
I have a number of links coming up in today's daily commentary. The likely topic will be US interest rates. But there is a second topic I wanted to riff on so I am posting here separately about fiscal woes in Spain and the Netherlands.
Hussman also jumps on the profit mean reversion bandwagon
John Hussman just came out with a note that also warns about reversion to the mean in profit margins. Here I have some comments on how these trends play out in earnings and the stock market.
More on my prediction of margin compression in the US and how Apple fits in
This weekly newsletter is a gold-level post and follows up on my prediction early last month about 2012 being a period of margin compression in US companies, threatening the rally in stocks and mandating a rotation in investment style or…
More on financial repression
This is a silver level post which continues some thoughts from the daily commentary on the effect of low nominal and real rates. Martin Wolf's latest commentary at the FT features prominently.
Is household debt driving the US recovery?
This is a silver level post asking to what degree the US recovery is fuelled by household sector releveraging.
A few words on the Greek restructuring deal, prospects for Greece and euro zone break up
This is a gold level post. So we've got a deal on the Greek restructuring. Everyone is talking about it. Here are the things to pay attention to.
Investment implications of jobs report and 227,000 nonfarm payrolls, 8.3% unemployment
This is a gold level post. According to the US Bureau of labor Statistics, nonfarm payroll employment rose by 227,000 in February, and the unemployment rate was unchanged at 8.3 percent. Here are my thoughts on what this signals about the…
On Brazil’s Collapse in Growth and the New Currency Wars
This is a gold level post. I want to flag this as an issue since no one seems to be talking about it. Brazil's economy has slowed very sharply of late and along with slowdowns in India and China, it says that the global economy will get…
Brief comments on the upcoming US employment numbers
This is a silver level post. Coming up on Friday we get the latest monthly jobs numbers and they are awaited with great anticipation by the market. Of late, the headline numbers have been terrific, but can it last?
On Moral Hazard
This is a silver level post. The biggest problem most people have with the bailouts is not that the banks were bailed out but additionally that there seem to have been no consequences for individual actors, the executives that brought the…