What’s Your Fund Manager Doing behind Your Back?
In a recent article titled Fund Managers Seduced by Facebook, Joe Light of the Wall Street Journal exposes some poor practices of actively managed...
Fed Says Fed Most Important to Your Returns
We have noted often on this site and in our monthly strategy reports, that in recent years, Federal Reserve policy has become the main...
Fed Counts its Chickens Before they Hatch
It is no secret that the hubris from the economists at the Federal Reserve is palpable, but a recent piece from San Francisco Fed...
Job Creator Confidence Plunges
The NFIB Small Business Optimism Index plunged 3 points in June—its biggest drop in over two years. Nine out of the ten components in...
Prepare Your Portfolio For More Money Printing
That didn’t last long. The post-meeting euphoria from the 20th summit to once and for all put an end to the euro-area debt crisis...
Stand Down Dr. Bernanke
Yesterday, as was widely expected (yet somehow still disappointing to Wall Street) Dr. Bernanke unveiled the Fed’s latest installment of market manipulation. The Fed...
Euro-area Black Magic
From the lead article in this morning’s Wall Street Journal: “With foreign investors almost completely absent from Spanish bond markets for months, Spanish banks...
Greenspan: We Don’t Have a Plan B
Say what you will about former Fed Chairman Greenspan (yes he made lots of mistakes), but he strikes us as a much deeper thinker...
Bond Yields Turn Negative
If you thought 25 basis point yields on two-year US Treasuries were bad, take a look at the yields on German Bunds. Two year...
JP Morgan Proves Case against more Bank Regulation
Emboldened by JP Morgan’s $2 $3billion trading loss, proponents of the Volcker rule (provision in Dodd-Frank to restrict banks from making speculative investments) are...