capital investment

Bill White, formerly of the BIS and now with the OECD spoke to Bloomberg News during the KC Fed's annual meeting in Jackson Hole, WY. He gave some rather pointed answers to questions about the Federal Reserve's monetary policy. I reviewed…

My friend Rob Parenteau says "most professional investors are high frequency macro data and short run asset price driven."  He basically means they have no real macro analytical framework to use when making investment…

I am on holiday for a few weeks. But I am going to write a brief post here on QE because I think it is an important subject. For months now we have heard that the Federal Reserve could start buying up Treasury securities in another…

There has been a lot of excited press commentary recently about China’s overtaking Japan as the world’s second largest economy.  China’s GDP should be larger than Japan’s for the first time sometime this year, which in a similar…

I have enjoyed Edward Hugh and Claus Vistesen's posting here as well as on their own sites because they add a European angle to the commentary I think we lacked. But, they also have brought their considerable interest in demographics to…

A lot of people have asked me to write about the recently “leaked” CBRC report on dodgy local government debt.  Here is what the article in Monday’s Bloomberg had to say about it (and note especially that delicious second paragraph):…

Grantham argues that a disproportionate share of the US economy is devoted to financial services.

From Annaly Capital Management There has been a lot of discussion recently about corporate cash levels, both in newspapers and blogs. Back in June, the Fed published the 1Q 2010 Flow of Funds report that shows corporations are sitting on…

Frederick Sheehan is the author of Panderer to Power: The Untold Story of How Alan Greenspan Enriched Wall Street and Left a Legacy of Recession  (McGraw-Hill, 2009). There is no end of economists, analysts, and reporters filling the…

John Hussman is out with another good piece this week in which he deconstructs all of the short-termism and technical analysis dominating the talk of market followers in the US. He opens saying: Perhaps the best way to begin this week's…