EconoMonitor

Green Square

  • Why So Serious???

    The famed line of our title, sadly one of Heath Ledger’s last, encapsulates the mood around last week’s visible crack in US equity markets and more broadly global investing sentiment.  Amongst the chaos that is Russia/Ukraine, Israel/Palestine and China/The Balance of Asia – there seemed to be little taken seriously, until last week. But the […]

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  • Well Allocated and Angry in 2013 – The Narrowness of Returns

    If an economist or advisor suggested to you on December 31st of 2012 that your strategy for 2013 was going one 100% in Developed Market equities – in particular the S&P 500 – you most likely would have thanked them for their services and promptly fired them.  But in fact it would have been you […]

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  • Is Anybody Listening? A Reminder of Why Taper is Kind of a Big Deal (we forgot too)

    In 2006 BC (Before the Crash) a musical was staged that contained both American Idol contestant Adam Lambert and our least favorite Batman – Val Kilmer.  Kilmer starred as Moses and Lambert as Joshua (one of the 11 or 12 brothers).  While Pharaoh continued to enslave Joshua (Lambert) and his family he sings a song […]

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  • Totally Addicted to Credit

    Josh Abrahams – working under the pseudonym Puretone – released a monster hit single in the Fall of 1998 entitled Totally Addicted to Bass.  Fifteen years, a currency crisis, a tech bubble popping, a housing boom and bust and the largest global financial crisis since the Great Depression we have revisited the thematics of this […]

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  • Is it Really (All Quiet on the Western Front)? Or Rubber Bands CAPEs and other Superhero Amenities

    It has been some time since we revisited Erich Maria Remarque’s WWI tale, powerfully delivered in the book and subsequent film,  All Quiet on the Western Front.  The novel was first published in November and December, 1928 in the German newspaper Vossische Zeitung and in book form in late January, 1929. As you will recall, […]

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  • Debt Ceilings and Other Things That Hurt When You Hit Them

    Last week Washington tripped over its own power cord and in the process shut down the main power source of the Republic – the “continuing resolution.”  Sadly, the past week and, no doubt, the week to come, remind me of how discussions over other politically sensitive topics unfold.  Each side comes to the party with […]

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  • Camera Obscura – Are we really making progress on Jobs? Wages and hiring this week

    Asset allocators currently face one of the most difficult decision making environments in recent memory.  Whether exogenous factors are coming from the Federal reserve, the ECB or the prospect of a full-blown government shut-down, the anchors of yesterday seem to have been firmly dislodged from their moorings. But nothing is more challenging than understanding why […]

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  • Seasons of the Bernanke

    As we embark on QE3 and prepare for the 4th quarter of 2012 it seems worth taking a renewed look at Central Bank policy and its effect on asset prices in the commodity complex.  This is the third summer in a row that we have watched commodity specific sectors make a mid-summer bet that a […]

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  • Weekend Update – Not of the SNL Kind

    Apologies to the team for not writing for some time. To be honest there really hasn’t been much to say. Stocks took a hickey ten days ago only to finish up on the week for the 10th straight week in a row. Yawn And in the “Yawn” lays the problem. I am becoming more and […]

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  • Does This Look Familiar ?

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