When will the next credit crisis occur?
byThe timing of any credit crisis is set by the rate at which the credit cycle progresses. People don’t think in terms of the…
Markets
Margin of error
by“Son, we live in a world where markets have been distorted by vast amounts of QE, and that QE has to be fought by…
Money and the stock market: is there any relation?
byIs it true that changes in money supply are an important driving force behind changes in the stock price indexes? Intuitively it makes sense…
The risk of a correction in the equity bull market
byRising commodity prices, including oil, are feeding through to PPI Unemployment data suggests wages may begin to rise faster Federal Reserve tightening will continue,…
A slow death
by“There’s always something to do.” The late Peter Cundill, philanthropist and value investor. A happy new year to all readers ! Having…
Bull market breather or beginning of the end?
byStock markets have finally taken a breather over the last fortnight, although the S&P 500 has made a new, marginal, high this week. Cause…
Are Markets Really as Calm as they Seem?
byIndicators for financial market “stress” have reached their lowest levels in decades. For instance, stock market volatility has never been this low since the…
Capitalism and the Free Society, Part 1
byOne of the leading ideological punching bags for well over one hundred years has been the ideas, institutions, and impact of “capitalism” on society….
Here we go again…
byAs world stock markets continued to climb to cyclical – if not all – time highs, it became almost the norm for industry talking…
Does the rising price of industrial metals herald the beginning of the next commodity super-cycle?
bySuper-cycle theory In a 2012 paper for the United Nations/DESA – Super-cycles of commodity prices since the mid-nineteenth century – Bilge Erten and José Antonio Ocampo…