Putting Big Pharma In Perspective


Source: Dadaviz h/t Randal Olson


Source: Randal Olson

Category: Corporate Management

Separate Trend from Cycle

From Torsten Sløk: Demographic developments are putting downward pressure on interest rates globally. But it is important to remember that the trend seen in the chart below is structural and very slow moving. Around this long term trend we have the business cycle, which is driven by positive and negative changes in confidence. In other…Read More

Category: Cycles, Markets

The Great Global Sovereign Bond Shortage

Expectations of economists and pundits notwithstanding, interest rates are falling around the world. Despite the end of quantitative easing in the U.S., and the possibility that the Federal Reserve will raise rates later this year, the long-feared economy-killing yield spike has yet to appear. During the past few months, I have been discussing this with…Read More

Category: Credit, Fixed Income/Interest Rates

Co-Hosting: Bloomberg Radio 8-10 am

click for live radio >   If you are anywhere near a radio this mornings, I will be the guest hosting “Bloomberg Surveillance” with Tom Keene once again from 8:00 – 10 am. Lots of great guests tee’d up: 8:00 Carl Riccadonna, Bloomberg Intelligence 8:18 David Zervos, Jefferies 8:30 Fadel Gheit, Oppenheimer 9:00 James Shugg, Westpac…Read More

Category: Media

10 Tuesday AM Reads

Markets were upbeat yesterday on news from Europe. As my pal Doug Kass noted, the Dow rose 140 last Monday, was down 330 on Tuesday, +260 on Thursday, -250 on Friday (before finishing -145), while yesterday +228. And today? We have your morning train reads: • Mutual Funds Pick Year When S&P 500 Is Up 1% to Beat the…Read More

Category: Financial Press

Category: Think Tank

John Oliver on The Scandal That is the NCAA

The NCAA doesn’t pay athletes because they consider them amateurs. The NCAA considers them amateurs because they don’t get paid.

Last Week Tonight with John Oliver: The NCAA

HBO, 3.15.15

Category: Really, really bad calls, Sports, Video

Gold Narrative Has Just Not Worked

Category: Cognitive Foibles, Gold & Precious Metals, Media, Really, really bad calls

Sovereign Risk Indicator

Click for an interactive graphic. Source: BlackRock

Category: Credit, Digital Media, Politics

Co-Hosting: Bloomberg Radio/TV 8-10 am

> I will be co-hosting with Tom Keene: If you are anywhere near a radio this mornings, I will be the guest hosting “Bloomberg Surveillance” with Tom Keene from 8:00 – 10 am. Then at 9am, I will hop over to Betty Liu for a quick chat about buying and selling Gold. You can catch it live, or…Read More

Category: Media