Low Quality Rally
Many Advisors and fund managers have been complaining about how difficult it has been to beat their stock market benchmarks…
0Macro Indicator Summary
In Institutional, Market Commentary onI am impressed with markets’ resilience in the face of China’s 6.7% sell-off overnight. Aside from Hong-Kong, global equity markets…
Sirens in the Distance
“The American Republic will endure until the day Congress discovers how to bribe the public with the public’s money.” – …
The Fallacy of Cash on the Sidelines
In Market Commentary, Retail onMerrill Lynch posted the results of its most recent Survey of Fund Managers for August this morning. The survey covered…
Forever Blowing Bubbles
Those tortured souls who have thus far clung faithfully to the rules of capitalism, finance and economics they learned in…
The Escherization of Bank Profits
In Market Commentary, Retail onYep, even more bankster chicanery. We knew that many of the banks have been taking advantage of the inscrutable fair…
The Looting of America’s Coffers
In Market Commentary, Retail onI am increasingly convinced that the looting of fiscal coffers by the international transactional class is one of the great…
Heads Banks Win, Tails Taxpayers Lose
In Market Commentary, Retail onI know it’s not our place to have an opinion about how U.S. taxpayer dollars are spent. We may however,…
Corporate Bond Opportunities
In Institutional, Market Commentary onBarrons interviewed Rob Arnott for this weekend’s edition. From Wikipedia: Robert D. Arnott (born 1954) is an American entrepreneur, investor,…
Prudent Capitalism – China Style
In Market Commentary, Retail onChina is behaving in truly Keynesian fashion by cleaning up bad debts on bank balance sheets and demanding prudence and…
