The market action post Obama's win has been choppy and messy. As the election was settled in the early morning hours of Nov 7th; stocks rallied, the dollar weakened and the long end of the Treasury market sold off. Then came the morning after flush as the words...
In October, after the first presidential debate – equities wobbled, gold fell from grace, the DXY began to rise and the short end of the Treasury market weakened. Once the increased odds of a Romney win were factored into the calculus of asset prices, the math spit...
Two days ago, while many of us on the east coast of the US were hunkered down fighting Sandy, the Bank of Japan quietly disappointed markets - AGAIN! I guess it has been a 20 plus year pattern, so it should come as no surprise. But there has been an unusual level of...
"The lack of money is the root of all evil" - Mark Twain As Ben pumps the system with over 2 billion dollars of freshly minted M0 a day, the markets are quickly starting to take notice. When I strolled by our IG desk yesterday there was panic in people's eyes -...
Back in August, Robert Gordon of Northwestern University published a controversial paper on economic growth - http://faculty-web.at.northwestern.edu/economics/gordon/Is%20US%20Economic%20Growth%20Over.pdf . For anyone looking to temper their optimistic views on the...
Back in August, Robert Gordon of Northwestern University published a controversial paper on economic growth - http://faculty-web.at.northwestern.edu/economics/gordon/Is%20US%20Economic%20Growth%20Over.pdf . For anyone looking to temper their optimistic views on the shale gas revolution, the social media revolution, the green energy revolution, or the human genome revolution, this is a must read. The paper is thoroughly depressing; and […]
