Monthly Archives: June 2014

Greater Bond Market Volatility Ahead

I agree with comments that RBS’s Alberto Gallo made to Bloomberg in the past few days. Later this year we are likely to run into heightened bond market volatility, which may well hit stock prices for a while. We could … Continue reading

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Democrats’ Obama Problem: Part Deux

Back on May 8 I highlighted three New York Times articles lamenting Obama’s foreign policy incompetence, mostly with respect to Syria and Ukraine. All were designed to inoculate Hillary from Obama’s surpassing ineptitude. Alas, that post is already woefully out … Continue reading

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3-5% Inflation Will End this Rally . . . Eventually

Our bullish note of May 28 explained why stocks would manage to scale a new “Wall of Worry.” Since then stocks have climbed 2.4%; I think they are headed higher still. “Central bankers gone wild” are pumping liquidity into the … Continue reading

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In China Gray is the New Green

I usually wake up around 3:30 to catch the market action in Asia and Europe on Bloomberg and CNBC. It’s nice to get a non-U.S. perspective on all the craziness. Last night I was blown away by this exchange on … Continue reading

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Benign Deflation . . . or . . . Central Bankers Gone Wild

On Wall Street, alas, no bad deed goes unrewarded. After failing to anticipate even one of the past three recessions, and after sitting idly by during the housing bubble as the “safety and soundness” of the U.S. banking system evaporated, … Continue reading

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