MarketBeat (WSJ Blog) – The 30-Year Bull Market in Bonds Is Over, BofA Says Pulling out of a bull market is hard to do, and the longer the run, the harder it is to call it quits. But here?s the... Read More
BusinessWeek – Chelsea Clinton Exited Wall Street to Seek Career With Meaning Chelsea Clinton says she left her career on Wall Street three years ago to find more purpose. ?Intellectually, I loved my job, but I didn?t get any meaning... Read More
FelixSalmon.com (Blog) – The secret to success in the arts Nassim Taleb has a short paper out entitled ?Why It is No Longer a Good Idea to Be in The Investment Industry?. The basic idea is simple, and well understood:... Read More
Bloomberg.com – Steinhardt Says Bonds ?No Place to Be,? Favors Dividend Stocks Investors should avoid bonds and buy stocks in companies paying high dividends, and the Federal Reserve should reconsider its low-interest-rate policy, according to Michael Steinhardt, whose hedge funds... Read More
BBC News – Is Nassim Nicholas Taleb Downing Street’s favourite adviser? The work of a Lebanese-American philosopher has captivated Downing Street, including the Prime Minister David Cameron. “I like going to 10 Downing,” says Nassim Nicholas Taleb, the Lebanese-American thinker... Read More
Comment Larry Meyer was on CNBC?s Squawk Box yesterday morning. Jay Jordan was the guest host. The following conversation took place starting at 5:14 (the text in red is our emphasis). Steve Liesman: I think they’re [the Fed] going to... Read More
Business Insider – Guggenheim Partners: It’s Time To Short The Treasury Market ‘Ponzi Scheme’ In a recent letter, Scott Minerd of Guggenheim Partners argues that thanks to the world’s central banks, the economy — at least in the US —... Read More
Fortune – Warren Buffett: Why stocks beat gold and bonds In an adaptation from his upcoming shareholder letter, the Oracle of Omaha explains why equities almost always beat the alternatives over time Investing is often described as the process of... Read More
Bloomberg.com – Fink: Investors Should Be 100% in Equities Investors should have 100 percent of investments in equities because of valuations and higher returns than bonds, said Laurence D. Fink, chief executive officer of BlackRock Inc. (BLK), the world?s largest... Read More
Comment The chart below shows the yield of the 5-year Treasury note daily back to 1941 (71 years). It made a new all-time low yesterday at 73 basis points. As we have been noting recently, almost everyone is bearish on... Read More
Bloomberg.com – Bonds Beating U.S. Stocks Over 30 Years for First Time Since 19th Century The biggest bond gains in almost a decade have pushed returns on Treasuries above stocks over the past 30 years, the first time that?s happened... Read More
Bloomberg.com – Cooperman ‘Wouldn’t Be Caught Dead’ Owning U.S. Treasuries Leon Cooperman, the chairman of hedge fund Omega Advisors Inc., said investors should avoid Treasuries after yields dropped to record lows. Rates on 10-year Treasuries fell to 1.67 percent on... Read More
Bloomberg.com – World Has ?Bigger Problem? Than in 2008, Taleb Says Nassim Nicholas Taleb, author of the best-selling book ?The Black Swan,? said the current global market turmoil is worse than it was in 2008 because countries such as the... Read More
CNBC.com – Black Swan: A 40 Percent Correction? The S&P could be bound for a correction of 40 percent or more in the next three years, according to a research paper issued by Universa Investments, otherwise known as the ?Black... Read More
Zero Hedge (blog) – Goldman Advises Outright Short on 5 Year Treasury With 2.3% Target Or Vampire Squid Vs Pimco? From Goldman Sachs: Trade Update: Go Short 5-yr US Treasuries, as Yields Price Excessive Growth Damage Escalating geopolitical risks in... Read More
MarketWatch.com – Paul B. Farrell: Fed dictator Bernanke needs to be toppled Fed boss Ben Bernanke is the most dangerous human on earth, far more dangerous than Hosni Mubarak, Egypt?s 30-year dictator, ever was. Bernanke rules a monetary dictatorship that... Read More
Bloomberg.com – Taleb Advises ?First? Avoid Treasuries, Then Dollar Nassim Taleb, author of ?The Black Swan,? said the ?first thing? investors should avoid is U.S. Treasuries and the second is the dollar. Taleb, a principal at Universa Investments LP whose... Read More
The Atlantic – Nassim Taleb: Don’t Listen to Geithner or Krugman Since Tim Geithner did not predict the economic crisis, Nassim Taleb has no interest in listening to him talk about it now. The author of The Black Swan, a... Read More
Bloomberg.com – Taleb Says Unawareness of Deficit Risk Has Him `Extremely Bearish’ on U.S. Nassim Nicholas Taleb, author of ?The Black Swan,? said he?s concerned budget deficits in the U.S. are spiraling out of control and may now represent a... Read More
Comment Please participate in our poll in the right-hand column. In late June we asked the same question and got the following results: So far the current poll’s results are more or less the same. A solid majority think there... Read More