<Click on chart for larger image> Zero Hedge (Blog) – IMF Cuts Global Growth For The Fourth Time In 12 Months… But That’s Not The Biggest Problem Moments ago the IMF did what it does best: it just cut its forecast for global growth yet again. Specifically, it said that “global growth for 2015 is… Continue reading Hope Springs Eternal At The IMF
CNBC – Cliff Asness has seriously bad news for investors Investors don’t have a lot to look forward to in the years ahead if Cliff Asness is correct. The head of AQR Capital said Tuesday that looking at basic market valuations shows that stocks are expensive. Compounding the issue is that an analysis of bonds… Continue reading Another Successful Billionaire Investor Warning About The Market
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Comment Yesterday Jim was on CNBC talking about the markets. To view the interview, click on the image above. To view any of our recent interviews, click here. In the interview, Jim disagreed with the idea that the market wants the Fed to hike. The recent slump in stocks was in response to the possibility… Continue reading The “Bad News Is Good News” Rally
<Click on chart for larger image> Comment As the chart above shows, hedge funds have been huge underperformers since the last 10% stock market decline in 2011. But as the chart below shows, they have been outperformers since prices started lower. This is not surprising. Hedge funds as a group typically perform relatively poorly in… Continue reading Your Daily Installment In Hedge Funds’ Struggles
<Click on chart for larger image> The Financial Times – Richard Clarida: Supply and demand gap explains low growth Low rates and oil price fall are responses to output discrepancy And yet despite low oil prices, waves of QE and rate reductions by many central banks, world GDP growth in 2015 is expected to come… Continue reading Why Is World Growth Struggling?
The New York Times – In Book, Bernanke Pins Weak Recovery on Congress Congress is largely responsible for the incomplete recovery from the 2008 financial crisis, Ben S. Bernanke, the former Federal Reserve chairman, writes in a memoir published on Monday. Mr. Bernanke, who left the Fed in January 2014 after eight years as chairman,… Continue reading Talking Bernanke
The Financial Times – Roger Blitz: Fed finds it is tough to make predictions If only Federal Reserve chair Janet Yellen could have foreseen last Friday’s abject jobs data, which have rapidly cooled market expectations of a rate rise this year. Had she known the contents of the September payrolls report, she would surely have… Continue reading Fed Predcitions
<Click on chart for larger image> Business Insider – Warren Buffett and Jeremy Grantham have been warning us about this moment for years We may have seen the peak in US corporate profits. And what could happen next isn’t good. Since the financial crisis, corporations have managed to deliver robust profit growth by offsetting the… Continue reading Falling Profit Margins
The Financial Times – Mohamed El-Erian: Automatic market stabilisers at risk of failure Counter-cyclical influence of institutional investors in doubt With US stocks experiencing their worst quarterly performance since 2011 (7 per cent losses for the major indices), equity investors — including in the emerging world where the financial carnage has been notable — now… Continue reading Volatility
The Financial Times – What the bankers can teach stimulus-addicted economists Myopia contrasts with more convincing action to repair the financial sector, writes Ludger Schuknecht Macroeconomic stimulus is a hard habit to kick, so many economists keep asking for more. They point to the stock market turmoil in China, the recession in Brazil and the… Continue reading How To Remove The Drug Of Cheap Money
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