investing

Apparently, Greece isn't Europe's Bear Stearns. It's Europe's Lehman. Take cover.

Meredith Whitney talks to Bloomberg's Jonathan Weil in a wide-ranging interview about the banking sector. This is a good one – the best I have seen - because you get to hear Whitney's views on the sector's stocks from a fundamental and a…

In last month’s Absolute Return Letter I raised a yellow flag concerning the short term outlook for commodities. Quite a few readers asked me to elaborate on that, which is precisely what I am going to do. In the following, my assessment…

Markets were unimpressed with the size of the just-announced $145 billion rescue package or the ability of Greece to meet the terms. A bailout of all Club Med countries would, according to estimates I’ve seen, approach $800 billion. This…

Les marchés font monter la pression sur la Grèce - LeMonde.fr FT Alphaville - Neil Hume - UBS and its 1,350 S&P target Buffett Blunts Finance Rule - WSJ.com CFED: Weathering the Storm: Have IDAs Helped Low-Income…

It’s spring, and this spring a young man’s fancy lightly turns to thoughts of speculation. The Fed’s promises look good and, as long as you’re not a small business, you can borrow to invest or speculate at no cost. The market has had a…

Marshall Auerback here with some further thoughts from the Institute for New Economic Thinking’s recent kick-off conference at Cambridge University. It might appear ironic to commence a conference ostensibly centered on new economic…

With so much going on at the moment and so many themes fighting to claim the main market discourse, I am in the mood for some random shots. First of all and to my continuing regret I have never actually got to thank Niels C. Jensen from…

Remember absurd books like Dow 30,000 or Dow 36,000 or the eponymous Dow 40,000? In 2008, I labelled them "Five Books not to buy." Well somebody must be buying them because Dow 40,000 is implicitly what pension funds are expecting…

In last month’s letter I looked at the challenges confronting the world’s baby boomers based on the assumption that we are in a structural equity bear market, which implies below average returns for equity investors for several more years…