Federal Reserve – How to Tame the Monster it Created
Thanks to quantitative easing (QE) stocks are up 130% and more. The Fed created a monster of a rally, but how do you tame the...
Category : Editor’s Picks
Experiments in Negative Real Rates Tend to Lead to Excess….
Interesting commentary from David Rosenberg here regarding negative real rates and the tendency for excess to occur. I’d say this time is slightly different in...
Missing the Forest For the Trees: Cyprus Edition
The Cyprus bank heist has received a lot of coverage, but in most cases the analysis is missing the forest for the trees. The real...
The Debt Bomb Just Got Bigger
The amount of debt worldwide is more than all of the bank accounts in the world, and the current financial situation in Cyprus is the...
Stocks Going “Hungary” in Italy
A few months ago, I talked about how a financial transactions tax can have significant unintended consequences. Using Hungary as an example, I said that...
Bill Nygren of Oakmark: Safety is Overpriced
Bill Nygren of Oakmark recently shared his views on bank stocks, the overall market, risk etc. Bill Nygren had some interesting remarks about risk. Safety...
Chart of the Day: Post-Massive Bear Market Rallies
Today’s chart illustrates rallies that followed massive bear markets. For today’s chart, a ‘massive’ bear market is defined as a decline of greater than 50%....
Why ETFGuide Is Dead Wrong About John Bogle
Editor's note: Below is John C. Bogle’s rebuttal letter to Ron DeLegge’s Feb.13, 2013 article titled, “Why John Bogle is Wrong about ETFs.” Mr. Bogle...
Profit Margins and the Government’s Deficit
Pretty interesting commentary here from John Hussman’s weekly letter in which he points out that one sector’s deficit is obviously another sector’s surplus. In the...
Recession Index Still Says “No Recession”
One of the main indicators I rely on for the cyclical view of the markets is the Orcam Recession Index (which I update in the...