With several asset classes setting up for what we believe will be significant moves, the following update presents current developments and our rationale behind alternate scenarios. In summary, we see these events as bearish for long term bonds, near term bullish for metals, and ultimately expect equities to mount one final but potentially significant push [...]
Bill Gross, Pimco’s bond guru has put out the following investment outlook this morning, specifically the article addresses the decision sets investors should be considering in a de-levering financial climate. I have presented here his entire article with my comments added at the conclusion of Mr. Gross’ Investment Outlook April 2012 Article entitled: “The Great [...]
Occasionally I read something from a source I respect that I think is best presented to our readers unfiltered and with proper credit given. Art Cashin is one of the most recognizable names on Wall Street who like the late Senator Barry Goldwater, qualifies to be labeled “an honest man”. You may recognize Art as [...]
By now, you all know that S&P downgraded 9 eurozone countries debt ratings on Friday. The markets yawned at the news, and truthfully with the exception of the Italian cruise ship tragedy, Europe hasn’t made a major headline in weeks. That said the continents debt woes continue to deteriorate, and the only significant force that [...]
December is a month where families mostly turn their focus within, and economic analysts turn their focus outward to make projections for the coming New Year. Before we discuss the utility of these projections, let’s focus on the global headwinds that will challenge policy makers looking to sculpt economic recovery from an ugly lump of [...]
Leadership is the delicate balance between the constraints of reality and possibilities, if one were to make the optimum or nearly optimum set of decisions. As it relates to debt, the constraint is a rule that says you can reduce private debt, and you can reduce public debt, and you can even run a trade [...]
Deutsche Bank’s Colin Tan spoke Monday about the European debt crisis and explained that it is not inconceivable that we could be in full crisis mode by the end of this week thanks to Italy. “The situation feels increasingly like one that has little chance of materially improving until some extreme pressure is on the [...]
With short term interest rates near zero and the economy still very weak, Goldman believes the best way for Fed officials to ease policy significantly further would be for the Fed to target a nominal GDP path, the plan calls for additional asset purchases to help bring actual nominal GDP back to trend over time. [...]
The attached slides present the most recent data available to gauge the progress of our economic recovery. A Gallup poll taken last month showed that confidence in the economy has fallen to its lowest level since March 2009, which was near the low point of the recent recession. Alpha Fiduciary has been monitoring a growing [...]
The Eurozone debt has been one of the root causes of excessive market volatility since July 2011, even though the scope of the problems have been known for the better part of two years. With the exception of a handful of economists, until recently the popular belief was that debt problems in smaller nations like [...]
With several asset classes setting up for what we believe will be significant moves, the following update presents current developments and our rationale behind alternate scenarios. In summary, we see these events as bearish for long term bonds, near term bullish for metals, and ultimately expect equities to mount one final but potentially significant push [...]
Bill Gross, Pimco’s bond guru has put out the following investment outlook this morning, specifically the article addresses the decision sets investors should be considering in a de-levering financial climate. I have presented here his entire article with my comments added at the conclusion of Mr. Gross’ Investment Outlook April 2012 Article entitled: “The Great [...]
Occasionally I read something from a source I respect that I think is best presented to our readers unfiltered and with proper credit given. Art Cashin is one of the most recognizable names on Wall Street who like the late Senator Barry Goldwater, qualifies to be labeled “an honest man”. You may recognize Art as [...]
By now, you all know that S&P downgraded 9 eurozone countries debt ratings on Friday. The markets yawned at the news, and truthfully with the exception of the Italian cruise ship tragedy, Europe hasn’t made a major headline in weeks. That said the continents debt woes continue to deteriorate, and the only significant force that [...]
December is a month where families mostly turn their focus within, and economic analysts turn their focus outward to make projections for the coming New Year. Before we discuss the utility of these projections, let’s focus on the global headwinds that will challenge policy makers looking to sculpt economic recovery from an ugly lump of [...]
Leadership is the delicate balance between the constraints of reality and possibilities, if one were to make the optimum or nearly optimum set of decisions. As it relates to debt, the constraint is a rule that says you can reduce private debt, and you can reduce public debt, and you can even run a trade [...]
Deutsche Bank’s Colin Tan spoke Monday about the European debt crisis and explained that it is not inconceivable that we could be in full crisis mode by the end of this week thanks to Italy. “The situation feels increasingly like one that has little chance of materially improving until some extreme pressure is on the [...]
With short term interest rates near zero and the economy still very weak, Goldman believes the best way for Fed officials to ease policy significantly further would be for the Fed to target a nominal GDP path, the plan calls for additional asset purchases to help bring actual nominal GDP back to trend over time. [...]
The attached slides present the most recent data available to gauge the progress of our economic recovery. A Gallup poll taken last month showed that confidence in the economy has fallen to its lowest level since March 2009, which was near the low point of the recent recession. Alpha Fiduciary has been monitoring a growing [...]
The Eurozone debt has been one of the root causes of excessive market volatility since July 2011, even though the scope of the problems have been known for the better part of two years. With the exception of a handful of economists, until recently the popular belief was that debt problems in smaller nations like [...]
