Daily Commentary: The Pain in Spain
Spain has really hit the wall now. Given what we know of how the sovereign debt crisis has proceeded. The likelihood that Spain can escape from the rise in yields without ECB or EU-wide intervention is slim.
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Browsing Tag
financial news
Daily Commentary: Sell in May and Go Away
I continue to believe that US share prices are based on a benign if not an optimistic view of the macro environment. If we see anything less, I believe US shares will be the ones to pull back most as opposed to European ones.
Daily Commentary: Fed policy
The Fed is in a tough spot. They want to do more. Things are unravelling in Europe and the slowdown in Brazil, India and China is well-advanced. While the jobs outlook has improved in the US, there is still considerable slack in labor…
Daily commentary: On teaching economics
There has been a lot of back and forth in the financial and economics blogosphere about the centrality of financial institutions and their facilitation of private debt accumulation leading up to the Great Financial Crisis. It seems to me…
Daily commentary: On Spanish and Irish austerity
I had intended my commentary here to be on US interest rates but i have already written that (silver level) post. So I will refer you there. Instead, I will mention Europe again because the links are filled with European stories.
Daily Commentary: Spain
This is a day of the general strike in Spain, so a large number of the links below are about Spain and the situation there, in both English and Spanish.
Daily Commentary: On defined contribution pension plans
Some thoughts on defined benefit and defined contribution in today's world of negative real rates plus today's links
Daily commentary and chart of the day: More on narrowing market leadership
Last week, I wrote a bit more on my prediction of margin compression in the US and how Apple fits in the weekly newsletter. This story in today's links from the Washington Post was really good on that with regard to Apple.
Daily Commentary: Quick thoughts on European data
The daily links and commentary is a bronze-level post. Quick thoughts: This past week made it abundantly that Europe is slowing fairly dramatically. A number of countries have entered recession. I have been saying since October that Europe…
Daily Commentary: Net Capital Rules and the Credit Crisis
This daily commentary is a bronze-level post for Pro subscribers. Two articles worth reading on the 2004 change in net capital rules for investment banks are highlighted in today's links.