Markets
Q2/2010 Outlook: Method in Maddening Mechanics of Muddling Through
As we expressed when 2010 commenced, portfolio management now needs to be wary of the socialization of capitalism. In the maddening mechanics of muddling through ……Read More
Business
Economy
Sense & Sensibility & Risk:Avoiding Capital Misallocation
Despite twelve months of sharp rise in equities and reduction of risk premiums in junk debt, 2010 is still likely to be dramatic in the ……Read More
Markets
Favored Muddle-Thru 40%;Double-Dip 30%;Seamless- Recovery 30%.
For capital markets after unprecedented central bank quantitative ease and government deficit financing, we see more to range bound behavior than generally ascribed. We are ……Read More
Markets
Uncertainty Driving Pinball Markets, Standards Key
Entering the last month of Q1/2010, uncertainty appears to drive pinball behavior in markets. Alongside credit shock, we believe key to be the unfolding of ……Read More
Economy
Politics, Pivots, Dividends and Growth
In a fell swoop by increasing its discount rate and with ramifications still to unfold, the Federal Reserve has re-asserted its leadership not only as ……Read More
Economy
Beyond No Standards — Volatile Markets Now Re- establishing Standards
Currently, market behavior appears indicative of a process of re-establishing standards when looking to 2010 and beyond. Our assessment applies broadly from currency in dollar ……Read More