Misplaced Market Euphoria
There is still a lot we don’t know about the spread of the coronavirus, and with that, the economic impact of the measures aimed to contain it. With large parts […]
There is still a lot we don’t know about the spread of the coronavirus, and with that, the economic impact of the measures aimed to contain it. With large parts […]
A dire economic situation with a shrinking economy and serious inflation was already buffeting the Argentinian stock market, but this became dramatic after a surprise election loss of the government. […]
There are compelling reasons to assume that the U.S. goals in the trade dispute with China go way beyond just trade. The real goal is likely to slow the economic […]
Investors feel whiplashed by the Fed, but while this is understandable, this isn’t necessarily justified as financial markets are a bit of a side show for the Fed. The Fed […]
Either President Trump wants to be able to announce a victory, or we are witnessing the first innings of a hegemonic clash between the existing and rising superpower. If the […]
From the President downwards, much of the financial community is up in arms over the latest Fed policy change. While the Fed in general, or the particular policy changes and […]
Many shares are already down 40%-50% off their (arguably lofty) highs in short order. We see reasons for Fed moderation, a possibility for a trade truce between the US and […]
The idea might seem crazy at first, but it follows logically from a model in which beliefs about future asset prices (‘animal spirits’) have real effects on output and employment. […]
Cramer has come up with 10 criteria that have to be fulfilled before the markets can find a bottom. While useful, we think these criteria focus too much on the […]
The tax cuts produced a boom in economic growth, but the effects look set to peter out. The tax cuts also unleashed some headwinds that could gather force, like rising […]