One upon a time, back in early 2012, David Rosenberg was a prominent bear and deflationist, while his nemesis, Wells Capital’s Jim Paulsen, was one of Wall Street’s biggest equity bulls. The confrontation between the two culminated with a January
December 25, 2015
Written by Alliance Bernstein Proponents of credit exchange traded funds (ETFs) claim the last week of market turmoil was a test for these instruments—and that they passed. We think this takes grading on a curve to a new level. The cheerleaders
Total Fed Balance Sheet: Fed’s Balance Sheet week ending balance sheet was $4,458 trillion.. This ending balance is down from the record $4.476 trillion for week ending 14 January 2015 and is up from the $4,452 trillion for last week.
By Jill Mislinski Yesterdays’s release of the publicly available data from ECRI (Economic Cycle Research Institute) puts its Weekly Leading Index (WLI) at 131.4, up from 131.1 the previous week. The WLI annualized growth indicator (WLIg) is at -0.6, unchanged from the
The trade on a rangebound United States Oil (USO) is now failing (see “The Commodities Crash Accelerates: Scenarios for Trading Oil” for a description). Oil has continued its collapse past the historic 2009 lows and has helped to drive USO
It’s Christmas. It’s the time of year when everyone feels their best. Even the markets tend to perform better (though that isn’t the case this year). But for the most part, it’s a time of spiritual reflection and giving. The
Stephen Roach, former Chairman of Morgan Stanley Asia and the firm’s chief economist blasted the Greenspan Fed, the Bernanke Fed, and the Yellen Fed in his latest post The Perils of Fed Gradualism. After an extended period of extraordinary monetary accommodation,
Quietly and without fanfare or mainstream media attention, liquidity is migrating to the physical Gold & Silver exchanges away from London and the USA. The fiat paper gold market fix painting is unsustainable without increasing the amount of manufactured market supply
The idea of risk is a rather confusing and nebulous concept in modern finance. The traditional textbook definition of “risk” is standard deviation or volatility. This is convenient for academic purposes because it allows us to quantify risk in a portfolio. But
Overnight China’s finance ministry reported the latest data on state-owned firms profitability. At a cumulative CNY 2.04 trillion (or $316 billion) for the January-November period, this was another nearly double digit decline, or -9.5% from the year ago period, following a -9.8%
