Category: Economics
Credit Double Threat on the Horizon
Recently, the WSJ reported on two positive credit trends in the US Economy. Individually, these trends are very positive for a growing economy, however, in...
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A Permanent Bear Market in Fossil Fuels?
In my last post I wrote about how the financial industry, led in particular by asset manager BlackRock, may begin putting pressure on the private...
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Party Like it’s 1929
The S&P 500 finished the year up 11.96% for 2016, marking the eighth straight year in a row the US stock market has posted a...
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Trump and Capitalism’s Wild Week
Last Tuesday, 18.9% of Americans made their voices heard and elected Donald Trump as 45th president of the United States.[1] What immediately preceded and followed the...
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Seasons Change and Change is Exciting. What has happened in 2016
As we move into Fall, I wanted to take a little time to reflect on what has happened in 2016. It is truly hard to...
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Negative Interest Rates: Not that Mysterious
Not that long ago, most economists would have probably argued that it’s impossible for a bond or other interest-paying asset to sell at a negative...
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The World’s Money is Being Managed by People with Completely Unrealistic Expectations
State Street recently published a survey of the return expectations and strategies being used by institutional investors around the world (h/t Flirting with Models). The...
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Does the Stock Market Take a Summer Break?
This week, I’m going to be taking a little summer vacation and go camping. As a result, our trading activity over the next several days...
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Wither the Value Investor?
Value investing, the strategy of buying stocks whose market values are low relative to their profits or book value or other accounting metrics, has a...
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A Tough Third Quarter for Markets
OCTOBER: This is one of the peculiarly dangerous months to speculate in stocks in. The others are July, January, September, April, November, May, March, June,...
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