Monthly Archives: January 2012

Brokerage Run?

Bank runs we’ve heard of and in the US, the presence and action of the FIDC keeps them fairly infrequent and/or fairly innocuous, at least for depositholders. One investment bank a few years ago had $3B exit in a matter … Continue reading

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Dark Cheerleaders?

Some of the people writing on investing sites strike me as cheerleaders, trying to drive the market upward on sheer noise and “animal spirits“. My wife wondered this morning after the latest outbreak of “Greece” news, if some of it … Continue reading

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Cheerleading

I am a native Californian, currently living in Austin, Texas. Rick Perry’s campaign touted the “Texas Economic Miracle”, often at the expense of California. There are a few ugly details of the growth in Texas jobs, most of it was … Continue reading

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Staring into the Abyss

I’ve read several times about the meeting called by Alan Greenspan (Federal Reserve Chairman at the time) of big investment banks to bail out Long Term Capital Management (LTCM). What I had not read several before was “… 14 banks … Continue reading

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Asset Re-Allocation Time?

Some pundits have been warning for as much as three years that the bond rally was over and it was time to move into equities. Yes, yields were at historically low levels and couldn’t possibly go lower, but they did, … Continue reading

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Who’s Got Gold?

Will the Europeans have to sell their gold? qualifies for inclusion here under the category, “Hey! I didn’t know that.” For all the talk about how bankrupt Italy’s government is, they are the fourth largest holder of gold reserves after … Continue reading

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European (and Our) Debt Crisis

In an earlier post, I recommended reading people you respect, even when you disagree with them. John Mauldin is someone I respect and read, even though I disagree with him on many issues. He is a conservative, a compassionate one … Continue reading

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Timing Strategy for the Very Patient

The VIX is the Chicago Board Options Exchange (CBOE) Volatility Index. It is also referred to as the Fear Index. It is a measure of the “implied forward volatility”, based on option prices. It is a collective guess of the … Continue reading

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Does the Government Lie to You?

Short answer, yes if it’s in their interest. See Is the government lying to us about the economy? for an analysis of the situation in the US. See The Myth of Japan’s ‘Lost Decades’ and The Myth of Japan’s Failure … Continue reading

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Hedge Funds are Great, If You’re the Manager

Do hedge funds offer value for their fees? No in the Financial Times looks at the hedge fund industry. It’s a so-so picture for the clients. “… hedge fund investors in aggregate, while narrowly beating the average return from equities, … Continue reading

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