Yves here. I’m clearly not in touch. I am surprised that this finding, that credit booms predict equity busts, is novel. Of course, given that manias last way longer than cooler heads deem possible, judging the peak of a credit cycle is tricky business. Nevertheless, when a wee summer associate at bond trading powerhouse Salomon […]
Read more...Freight volumes have traditionally served as a measure of economic activity. What do they say now?
Read more...Sweden throws in the towel on its negative interest rate policy as inflation stays stubbornly low.
Read more...The press is finally becoming skeptical of private equity’s claims that it generates superior returns, demonstrated by a Monday Wall Street Journal story, Private-Equity Cash Piles Up as Takeover Targets Get Pricier1 and a Bloomberg article yesterday, ‘Peak’ Private-Equity Fears Are Spreading Across Pension World. This follows a Mark Hulbert piece in MarketWatch, whose title […]
Read more...CEOs are cashing out….an early warning?
Read more...Uber manages to bleed even more cash.
Read more...Trying to predict the financial future is a fool’s errand, even for a genius.
Read more...Data supports the idea that lax monetary policy contributes to bubbles. Yes, Virginia, some regard that claim as controversial.
Read more...Is praise of negative real interest rates in Europe making a virtue out of (mis)perceived necessity?
Read more...Seeking reader input on the health of their economy.
Read more...Trump proposes yet more tax breaks, which would do more for the stock market than for the real economy.
Read more...Should you worry about the biggest fall in semiconductor sales since the Financial Crisis?
Read more...Looking at undercurrents in West Coast economies and what they might portend for the US.
Read more...The Financial Times’ Martin Wolf has a go at Donald Trump, but manages to score an own goal as far as his profession is concerned.
Read more...Should we trust the recession warning the yield curve is sending?
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