Thomas Piketty’s Capital in the 21st Century won the 2014 Financial Times Book of the Year Award. The FT reviewer found many data problems but economists and businessmen agree with the French economist that inequality today is close to that
November 14, 2014
Legend has it that the notorious gangster Willie Sutton was once asked why he robbed banks. His answer was seemingly obvious, yet remarkably poignant: “Because that’s where the money is.” So when investors ask me why I prefer momentum stocks,
With decades upon decades of data to sift through, many stock market pundits will have you believe that markets can be bought and sold according to seasonal effects. Of course, as dividend growth investors we are more concerned with investing
For the past few weeks, I have been providing regular updates on the status of crude oil inventories and production in the United States. Admittedly, this report is a bit late as it covers the week ending November 7 and
In a historic move showing just how profound the collapse in global commodity demand and trade is, earlier today the Sydney Morning Herald reported that Australia’s biggest coal exporter Glencore (GLCNF), which last year concluded its merger with miner Xstrata
As usual with something like this so much has been reported yet so little work has actually been done on it… So the general thesis out there is: Greenberg is suing the US for its onerous bailout terms. He is
Gold and Silver had a nice rally today, with gold stopping around the 1190 area and silver making it to the 16 handle midpoint. Look at the gold chart and you will see the only thing that really counts. Gold
During a week that’s already seen a lot of decent earnings reports from retailers, it’s not surprising that we would get additional positive reads on the consumer with today’s retail sales and consumer sentiment reports. US Retail Sales both including and excluding automobiles came
Stocks were somewhat of a sideshow to the moves in Bonds, commodities, and FX today. Trannies (Airlines) and Nasdaq (AAPL) led on the week with Small Caps the laggard and Dow/S&P not much better. A 6-7bps plunge in yields from around
Investors that were early to identify the attractive valuations following the volatility in emerging market bonds in early 2014 are still sitting atop a pile of gains, yet in recent months new investors haven’t experienced the same steady uptrend. Partly
