Newsclips
The Worst Investment Ever?
November 10, 2017
96% of all money that has gone into long vol funds since the volatility peak on February 11, 2016, has been lost!
96% of all money that has gone into long vol funds since the volatility peak on February 11, 2016, has been lost!
Bitcoin has weathered separate 70%, 80% and 90% declines only to recover and make new highs. So what do those predicting a collapse think will happen?
The Financial Times – Investors shun active US equity funds Money is flowing out of active equity funds despite the improving performance of traditional investment managers, with another $4.5bn seeping out of US funds over the past week to take the cumulative outflow to more than $150bn this year. Passive exchange traded funds that track… Continue reading Passive vs. Active
The FInancial Times – Lethargic bond investors could get caught napping Volatility in US Treasuries is at a record low in spite of reasons to be fearful The bond market is acting like an apathetic teenager. The Federal Reserve has started the slow but seismic trimming of its balance sheet ahead of an expected increase in… Continue reading Low Bond Volatility
Real Time Economics (WSJ Blog) – Greg Ip: The Link Between Productivity and Pay Is Very Much Alive, Summers Paper Finds Wages are supposed to track worker productivity, and from the end of World War II until 1973 they did. Then, something happened: Productivity kept rising but wages did not. Many on the left argue… Continue reading Productivity & Wages
The Wall Street Journal – Economists See Few Monetary Policy Changes With Powell Leading Fed Economists surveyed by The Wall Street Journal this month expect that a Federal Reserve led by Jerome Powell would mean little change in monetary policy and a less aggressive approach to financial regulation. Most survey respondents expect the Fed to… Continue reading More On Powell & The Status Quo
At 9 AM CT TODAY (10 AM ET, 7 AM PT and 15:00 GMT), Bianco Research, in conjunction with Arbor Research & Trading, will be hosting a webinar/teleconference moderated by Jim Bianco. As is often the case with bull markets that are long in the tooth, many people doubt the ability of risk assets to continue… Continue reading Conference Call Thursday: Bull Markets Climb A Wall Of Worry
The simultaneous unwinding of tax reform hopes and the flattening treasury curve are a toxic combination for banks.
Central banks can hike, but risk does not brew at the long-end of sovereign yield curves until inflation is eventually realized.
The idea that Fed governors will be allowed to be more vocal in their opinions is explored
Pensions & Investments – Sen. Sherrod Brown to unveil multiemployer loan program legislation Sen. Sherrod Brown, D-Ohio, plans to introduce legislation that would allow struggling multiemployer pension funds to borrow from the U.S. Treasury to remain solvent. The bill, co-sponsored by Rep. Tim Ryan, D-Ohio, could be introduced later this week or shortly after. It… Continue reading Pension Bill Proposes Chasing Good Money After Bad