Dovish Dudley trumps all other FOMC speeches this week. He is worried about deflation and says QE could go up or down http://t.co/Yp7tbHqghu
11 minutes ago
Category Archive: Finance & Markets
-
Corporate AAA Yields vs 10 Year, 1857 – Present
Moody’s Corporate AAA bond yields vs US 10yr Constant Maturity Yield to 1857 Click to enlarge There is a tendency to look at the S&P500 Dividend Yields vs US 10 year, but in many ways, that is a less than ideal comparison. Corporate Bonds are more of an apple to apple comparison. Note that [...]
-
Where We Are Now: A Reflection on the Reagan-Thatcher Legacy
Margaret Thatcher is dead. Thatcher and Ronald Reagan were seminal conservative politicians who came to power in 1979 and 1980 at the end of a period of profound transformation in the Anglo-American world. A postwar system forged in war, and built on a broad foundation of industrial labor, rising middle class prosperity, and an active [...]
-
The New Great Rotation: Commodities into Bonds
You probably heard the chatter over the past few quarters: “The Great Rotation” was about to unleash a new leg up in Equities. Bonds were going to be sold, equities purchased, and a new leg up was starting. The story goes something like this: U.S. Treasury Bonds had enjoyed a 30 year bull market, and [...]
-
Another Energy Boom is on the Way
Trading energy and energy stocks this week have been a dangerous experience, as oil markets sloughed off more than $3 a barrel on little more than a whim. DOE reports showed a certain stockpile increase, but those reports have been rather irrelevant for years, so pointing to this particular report as a reason for the [...]
-
A Smart Way to Look at a ‘Dumb’ Investing Strategy
Expecting rebalancing to juice portfolio returns is a “dumb idea,” according to Forbes. “Rebalancing is fine if all you are trying to do is sleep better at night. But the idea that it increases your expected return is balderdash.” This can be reasonable advice… up to a point. But all-or-nothing blanket statements don’t usually fare well when [...]
-
Why Gary Gensler Should be #2 at Treasury
Last week, Simon Johnson pumped for Gary Gensler, now chairman of the CFTC, to become the Deputy Treasury Secretary. Frankly, it would have been better if Gensler were Treasury secretary (an idea Johnson also promoted), but we are past that point. Obama is serious about selling catfood futures via deficit scaremongering, and he’s tagged budget maven [...]
-
Quick Pitch: More Big Data Analysis for Energy
This piece was originally published on the Passions blog of my employer, Praescient Analytics: http://www.praescientanalytics.com/passion.php Projections for global energy demand show massive growth over the next thirty-plus years. The US Energy Information Administration’s International Energy Outlook (2011), for example, suggests that global consumption will grow by 53% from 2008 to 2035. A number of factors [...]
-
Is Cyprus More Important Than You Think?
In 1938, British Prime Minister Neville Chamberlain’s 1938 decided to ignore “a quarrel in a far-away country between people of whom we know nothing.” The world has now convinced itself that Cyprus is simply not systemically important. They may be proved wrong. Firstly, the package for Cyprus remains vague pending analysis by the troika – the [...]
-
S&P 500 Index at Inflection Points
Click to enlarge Source: Standard & Poor’s, First Call, Compustat, FactSet, March 31, 2013 Each quarter, J.P. Morgan Asset Management puts out a lovely guide to the markets. Its filled with all sorts of excellent and informative charts — its 70 pages long, and its free. Check it out. Category: Markets, Technical Analysis This piece is cross-posted from [...]
-
Why We’re Screwed, Two: The Love Of Money
Some of you might enjoy this radio interview, a take-off from my GLF blog titled “Why We’re Screwed”. See here for my original post: http://www.economonitor.com/lrwray/2012/07/23/why-were-screwed/ Patience, it gets better mid-way through. Took me a while to get used to the format–several interviewers all at once–but it works well. Short take: you should be mad as hell, [...]
