The Financial Times – Gillian Tett: Investors stockpile cash to offset economic despair Asset managers fear that the policy landscape is about to get even weirder and more disorienting Ominously, investors are disoriented by the actions of central banks. One of the most fascinating details of the Merrill Lynch survey, for example, is that there… Continue reading Understanding The Investment World
<Click on graphic for larger image> Time.com – Inside Donald Trump’s Meltdown Donald Trump’s sinking polls, unending attacks and public blunders have the GOP reconsidering its strategy for November When Donald Trump mucks things up, the first person to let him know is usually Republican Party boss Reince Priebus. Almost every day, Trump picks up his… Continue reading Will This Mark The Trump Turn Around?
Bloomberg Business – One Sign Treasuries Liquidity Is Better Than It’s Been in Years Share of deals reaches 47%, most since Fed data began in 2010 A crucial corner of the bond market is signaling that dealers are having an easier time financing their Treasuries holdings, reducing concern that liquidity has become strained in trading of… Continue reading Treasury Liquidity
<Click on graphic for larger image> The Economist – Buttonwood: Back in fashion Emerging markets are popular with investors again EMERGING markets are back. The stockmarkets of developing countries have flipped in and out of fashion over the past 20 years as investors have switched from naive enthusiasm about their long-term growth prospects to heightened concern… Continue reading Emerging Markets
<Click on chart for larger image> The Guardian – Gold investment at highest ever level – 16% above previous record For the first time, investors were the largest buyers of gold for two consecutive quarters Hedge funds and other western investors have been piling into gold this year, pushing investment to a record high and… Continue reading Gold Holdings
The Economist – Don’t Buff it up An investing hero is not a model for how to reform America’s economy Such inconsistencies are inevitable in a long and vigorous business life. But there is another problem with Mr Buffett: his fondness for oligopolies. After being disappointed by returns from textiles in the 1960s and 1970s,… Continue reading Is Warren Buffett A Hero?
<Click on picture for larger image> The Wall Street Journal – Camp Kotok Forecasts: The One That Got Away The eminent economists gathered in Maine for last week’s Camp Kotok literally put their money where their mouths are for a survey of economic indicators “That’s why I’m not afraid of artificial intelligence—people will always pay… Continue reading More On Camp Kotok
pic.twitter.com/enIRH57P6C — Katie Martin (@katie_martin_fx) August 11, 2016
Comment Today at 9 AM CT (10 AM ET, 7 AM PT and 15:00 BST) Bianco Research, in conjunction with Arbor Research & Trading, will be hosting a webcast/teleconference moderated by Jim Bianco. Join us today as we discuss helicopter money. How does it work and why could it be critical for interest rates? We… Continue reading Helicopter Money And Interest Rates
<Click on chart for larger image> Bloomberg.com – China Money Outflow Goes Quiet, for Now, as Stability Reigns A year after global markets were shaken by a surprise China devaluation, they are now becalmed, and pressures for an exodus of capital from the nation have eased. Diminished expectations for U.S. interest-rate increases have helped stem… Continue reading Chinese Capital Flows
<Click on chart for larger image> FiveThirtyEight.com – Election Update: Polls Show Pennsylvania Back In Clinton’s Firewall At FiveThirtyEight, we generally prefer state polls to national polls. So far, though, we haven’t had many of them to work with. If you’re getting dozens of national polls every week, but just a smattering of state-level surveys… Continue reading An Election Update
The Reformed Broker – Joshua M Brown: This would be not good Among the nightmare scenarios that could knock this market off its bull course and do some real damage would be the forced deleveraging of the “risk parity” funds that have grown to comprise hundreds of billions of dollars of institutional money. As an overgeneralization,… Continue reading Stock/Bond Correlation