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"The Road to Hell is Paved with Good Intentions." - Saint Bernard of Clairvaux (1090-1153) There is no question really that we are slipping further and further down the rabbit hole. The amount of negative yielding bonds was $12.2 trillion in 2016. A few weeks ago we had $13 trillion of the...
By Kevin Flanagan When I was thinking of a title for this blog, I thought I could either go for an oldie but goodie or evoke a wilder tone with "going off the rails on a crazy train." Alas, I was never a big Ozzy fan, so you got the oldie but goodie! Last week - the last two, actually - ar...
Recent developments in the stock markets have seen a marked increase in volatility. At the same time the yield curve has clearly inverted. To make matters worse the Treasury will have to find more than $ 1 trillion to finance the current government deficit. This will result in a shortage of li...
By Ashwin Alankar The U.S. inflation rate has remained stubbornly low. Still, Ashwin Alankar, Head of Global Asset Allocation, says a combination of factors is helping set the stage for a potential inflationary shock. As concerns rise about a global economic slowdown, investors may be ...
Given the recent volatility, investors may be wary of tech. Not so fast, Russ explains. Despite an abrupt and punishing market swoon that disproportionately punished more volatile sectors, technology is holding its own. During the past month, the sector has outperformed by roughly 100 basi...
By Jeffrey Kleintop Putting an end to any hopes for a return to "normal" interest rates, central banks are increasingly cutting interest rates this year, as you can see in the chart below. Central banks increasingly shift to cutting interest rates *August 2019 data only through 19th ...
One could start off much the same as if trying to channel Dickens' historical opening "It was the best of times, it was the worst of times." from "A Tale of Two Cities." For depending on where you reside in the world of investing, things are either fantastic or downright earth-shattering. Th...
At a shopping mall recently, we observed an interesting deal at Sketchers ([[SKX]]). If you buy two pairs of shoes, the second is 30% off. Sketchers has long offered deals like this (sometimes 50% off). This is a sign of deflation. Regular readers know to wait for the punchline. Manufactur...
Over the past ten years, the full extent of the current economic recovery, the United States economy grew at a modest 2.2 percent compound rate of growth. No one has been particularly happy about this rate of growth, especially the politicians. But, the growth rate is what it is. The basic...
The Desperate Hunt for Yield Börse Berlin That chart is the first of Austria’s two century bonds. You know, lending money to the Republic of Austria at 2.1% for 100 years. No biggie. Everyone laughed. Would your grandchildren even see it mature? Tra-la-la. Who’s la...