Could The Fed End The Stock Rally?
The Fed could trigger a recession and a considerable stock market selloff if it tightens too much. We doubt there is much need for that given the fact that inflation […]
Google’s EU Antitrust Case Could Just Be The Beginning
Will Google be hobbled by the EU antitrust case and its massive fine? While we applaud policymakers who are at least willing to contemplate the consequences of what can only […]
A Synchronized Upturn In The World Economy
While there is a sort of synchronized upturn in the world economy, this is likely to be as good as it gets. The longer-term outlook is one of diminished expectations, […]
Oclaro Is Undervalued
Another optical network company with some transitory headwinds. The shares are cheap, margins and the balance sheet are very solid. Most of the headwinds from product migration should be behind […]
Populism, Trade And The Markets
Much of our prosperity in general and shareholder returns in particular depend on the global economic order of relatively free trade and capital flows. That order has been singled out […]
Synaptics Transitions From Mobile To IoT Company
The company acquired two businesses to facilitate the transition. While success isn’t guaranteed, we think the company has a good shot at it. Valuations are very reasonable and seem to […]
Volatility To Return?
After a period of unusual calm, markets are getting a little more volatile. We think such volatility was always going to come, given the long period of unusual stability. This […]
A Micron Super Cycle? – Micron Technology Inc.
Micron once again beat estimates and raised expectations. At least for now, however, it wasn’t enough to start a new leg up. There are those that argue Micron is facing […]
How Dangerous Is The World’s Debt Problem?
High debt can lead to financial crisis. Since debt levels have risen in many countries, there is considerable reason for concern. However, big financial crises, while economically enormously harmful, are […]
Technology Optimists Vs. Pessimists
According to techno-optimists, we’re on the verge of an inflection point where technological innovation is accelerating. Techno-pessimists like Robert Gordon argue that there is nothing in the data to suggest […]