Business

Cyclical data was weak in 2008 as credit crunch hit, may now be mixed and could be in recovery in 2010 but our key theme ……Read More

We assess the market/business environment to be of prolonged rolling restructuring unfolding not the nirvana of quick seamless transition. Linkages across political, economic and markets ……Read More

There has been consistency in the markets since March, 2009 that we see as overly exuberant. Now late 2Q/2009 investment decisions revolve over whether markets ……Read More

Many have chronically been focused on reduced U.S. importance. Our focus has been on the relative importance of U.S. politics. Now, into June 2009, our ……Read More

While near term equity recovery appears too rapid and corrective pressures persist, markets no longer seem tone deaf. After skepticism over unprecedented fiscal and monetary ……Read More

Conundrums in capital market valuation are tolerable. However, willful distortions (a temptation particularly in long government bonds due to their role in mortgage markets and ……Read More