Amateur Hour In China?
China’s stock market frenzy has multiple signs of a bubble, as fundamentals are worsening and new inexperienced investors plunge in with abandon. It’s liquidity driven, mostly because of much lack […]
Is There Any Upside Left For U.S. Stocks?
Stocks have had a fantastic run, but valuations are stretched. The bull run has been fueled by a number of forces, but on closer inspection, most of these are struggling. […]
Ellie Mae Is Due For A Breather
A terrific company with a terrific stock performance. However, the shares are rather expensive and they have run up quite a lot, while earnings are not expected to do better […]
Victorious Draghi?
The rebound in eurozone economic performance, financial markets and the slide in the euro suggests that the ECB has managed to get the eurozone out of the deflationary rot. However, […]
Argentina As A Contrarian Bet? – | Seeking Alpha
The Argentinean economy is stagnating and suffering from a host of problems, like high inflation, important market restrictions in international trade and energy and lack of access to foreign capital. […]
‘QE Will Permanently Impair Living Standards For Generations To Come’ | Seeking Alpha
In some corners, “money printing” is like the original sin, it’s blamed for all economic problems and language tends to go into overdrive. Closer inspection reveals that behind much of […]
Austrian Dollar Bears Keep Getting It Wrong
While the dollar is rallying strongly, some Austrian economist keep on predicting a dollar crash. That dollar crash not happening isn’t the only empirical problem with these kind of economic […]
The Stalemate In Greece Cannot Last
Because of the wide differences of positions between Greece and its creditors, positions are hardened by the respective electorates, which provide little room for maneuvre. Therefore, any outcome of the […]
‘The U.S. Is Broke’ | Seeking Alpha
From time to time, we hear deeply serious economists expound that the US is broke. Invariably, this involves discounting future entitlement obligations to present day dollars, which usually deliver intimidatingly […]
The Great Wage Moderation, A Primer | Seeking Alpha
While employment creation is back to normal and unemployment has fallen to levels at which wage inflation tends to pick up, there is no sign of the latter happening. This […]