Lawler: The Washington Post (and Reuters) Get It Wrong Again on the GSEs
From housing economist Tom Lawler: In today’s “economy & business” section, the Washington Post has a short “article” with the headline “Report: Fannie, Freddie mask...
Category : Editor’s Picks
The Fed Needs Valuation Actuaries
I reviewed the following report from the Federal Reserve to Congress yesterday, and found it disappointing. From my prior experience as an actuary, and the...
The Good News About Correlation
High implied correlation is a like an ongoing murmur of doubt about the ability of individual equities to trade on their own fundamentals. In “ Two...
Retail Sales Stronger Than Headline Numbers Showed Could Be Bad News For Stocks
Retail sales were sharply higher in July, contrary to media reports featuring the headline seasonally adjusted data. That data was misleading, due to the vagaries...
End of the Commodity Supercycle, or Not?
When I toured Australia a couple of years ago, I couldn’t help but notice a surprising number of fresh faced young people driving luxury Ferraris,...
Iran, Syria: Smuggling Weapons to Gain Influence in the West Bank
There are growing indications that Iran, Syria and their local proxies may be attempting to build up militant capabilities in the West Bank to eventually...
A Long-Term Look at the S&P 500 Volatility Risk Premium
Some clients here and readers on Twitter asked for a long-term look at the relationship between the historical volatility of the S&P 500 and the...
China’s Hopes for Bridging the Taiwan Strait
More than six decades after Taiwan’s estrangement from mainland China, the Taiwan Strait still represents the most physically formidable and symbolically inaccessible barrier to Beijing’s...
Why is the Smart Money Selling?
In this past weekend’s missive entitled “Market Hits New Highs, Now What?” I stated that: “It has been a quite phenomenal year in the markets...
How Can Apple Inc. (AAPL), BlackBerry Ltd (BBRY) Benefit From This Information?
There is no denying the fact that Apple Inc. (NASDAQ:AAPL) and BlackBerry Ltd (NASDAQ:BBRY) spend countless hours and millions upon millions of dollars perfecting their...