Why Are Risky Assets Wobbly?

From Torsten Sløk of Deutsche Bank:


click for full size image
Source: Deutsche Bank Securities

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Category: Federal Reserve, Fixed Income/Interest Rates, Investing, Psychology

10 Tuesday AM Reads

Our two-or-Tuesday morning train reads: • Trump Is Wrong on China: Beijing’s currency isn’t undervalued, protectionism would backfire, and raising tensions with Beijing could lead to disaster. (Barron’s) see also What the Rise of the Yuan Means for the Global Economy (Bloomberg) • Regret Minimization (A Wealth of Common Sense) see also Filings Show Rocky Quarter for Many Hedge Funds (NYT) • Israel’s Drought…Read More

Category: Financial Press

Not All Fed Speak Is Equal

Useful graphic from the WSJ showing the relative significance of each Federal Reserve official, and their theoretical impact on interest rates.   click for ginormous graphic Source: WSJ

Category: Digital Media, Federal Reserve, Fixed Income/Interest Rates

Paris Update

Paris David Kotok Cumberland, November 16, 2015     In “Paris Attacks: The Acuity of Hindsight,”by Stratfor, Scott Stewart started his special commentary (November 14) as follows: Until Nov. 13, the eight attackers… were just a handful of radical Islamists in a large universe of Islamist radicals in France. Many of these radicals are nonviolent, while a small…Read More

Category: Think Tank

Map of the World According to Donald Trump

Source: Fusion

Category: Digital Media, Humor, Politics

The Vanguard Effect

Source: Marketwatch

Category: Index/ETFs, Investing

Uneven Recovery, Noise & Ignorance: Why People Missed the Recovery

There has been a steady drumbeat of dissatisfaction about the post-credit-crisis recovery. No matter how much the economy improves, a good number of people insist it hasn’t. Now, in the midst of the political silly season, it has intensified as candidates pander to voters. This is a subject near and dear to me (see this, this, this, this, this, andthis),…Read More

Category: Cognitive Foibles, Currency, Economy, Inflation, Politics, Psychology, Really, really bad calls

10 Monday AM Reads

It has been a sad weekend in Paris and around the world. We bring you our morning train reads: • Terror and markets: Sell-offs tend to be short-lived (USAT) • The Upward Drift in Valuations (Irrelevant Investor) • Cause their forecasting record is so good: Don’t Fight the Fed: Analysts say, It’s Lower for Longer for Bond Yields (WSJ)…Read More

Category: Financial Press

New Site: Bloomberg’s Gadfly

Bloomberg.com launches a new site called Gadfly – its is geared to be data-centric, graphic heavy, smart reporting — my kind of site. The Twitter handle is @BFly (Gadfly is an expansion of the site I write for, Bloomberg View). The focus is finance and technology. It is an impressive roster of authoritative columnists drawing on a treasure trove of data…Read More

Category: Financial Press, Web/Tech

Category: Think Tank