The Fed Who Cried Growth
byBy Jonathan Newman The FOMC has consistently overestimated future Fed Funds Rate (FFR) hikes. For a body that prides itself on super-scientific research methods and…
Economics
Turn those machines back off !
by“Isn’t it funny when you walk into an investment firm and you see all of the financial advisers watching CNBC. That gives me the…
Don’t mention the V.A.R!
by“Arriving late, Porter slips in the last row behind Danny. PORTER (whispers) Bear Stearns issued a press release denying rumours of liquidity…
Could the elimination of cash prevent an economic crisis?
byGiven the still subdued economic growth many experts are of the view that the presence of cash has constrained central banks from setting negative…
Is Deutsche Bank Kaputt?
byEditor’s Note: given recent developments at Deutsche it is worth reading Kevin’s piece from last month at Alt-M http://www.alt-m.org/2016/08/04/is-deutsche-bank-kaputt/ which is reproduced below. It looks like Deutsche…
Has the BoJ signalled the end of QE as we know it?
byThat’s what David Keohane asks in yesterday’s FT Alphaville based on recent Citi and Goldman research notes. Citi’s Buiter: “In some ways, it is…
Hedge Funds, ‘unsophisticated’ investors, Brexit and the AIFMD
byThis article is based on some research done by the author whilst working at Her Majesty’s Treasury but which has since been modified and articulated…
More Data For The ‘Data Dependent’ To Ignore
byBy Jeffrey P Snider. Source: http://www.alhambrapartners.com/2016/09/16/more-data-for-the-data-dependent-to-ignore/ The University of Michigan released its September update for their surveys of consumers. The overall index of consumer “sentiment”…
Making data talk
byIn order to make the data “talk,” economists utilize a range of statistical methods that vary from highly complex models to a simple display…
Ease this
by“There is no simple, painless solution. The world has to reduce debt, shrink the financial part of the economy, and change the destructive incentive…