Economy
How Healthy is the Construction Sector?
Spending on construction, while up from the depths of the Great Recession, is still just about at its pre-recession levels, particularly when one looks at ……Read More
Business
Economy
Corporate Managed Earnings Don’t Believe Everything That You Read
A paper by Ilia Dichev, John Graham, Campbell R. Harvey and Shiva Rajgopal entitled "Earnings Quality: Evidence from the Field" provides investors with some interesting ……Read More
Markets
Why The Fed Must End QE
While the Fed's monetary experimentation with three episodes of quantitative easing and one iteration of Operation Twist has only provided the economy with a modest ……Read More
Markets
The Federal Reserve’s Bond Market Distortion
In its most recent statistical release, the Federal Reserve gives us a detailed inventory of their massive balance sheet which has grown to levels that ……Read More
Markets
Margin Debt Is It Fuelling the Stock Market?
I have posted on this subject before but given the current somewhat volatile behaviour from the stock market, I think that an update is in ……Read More
Markets
The Bigger Oil Story Behind the Headlines: Interview with Michael Levi
While we fixate on sexy headlines about Chinese military threats in the South China Sea, for instance, or Washington ‘lifting the ban’ on crude oil ……Read More