As the Russell 2000 moves to within 1% of its ALL TIME HIGH, and the 10 year Treasury note falls 40bps from its February 2011 highs, one cannot help be reminded of that glorious 1990s Goldilocks era. Bonds rally, stocks rally and it’s all fun and games on Pleasure...
That was some kind of spoo dip this week. We traded down towards 1290 only to come ripping back to almost 1340 - the mid Feb high. The risk asset world simply looks bullet proof. Greek defaults, silly downgrade reports from once venerable ratings agencies and threats...
The decision by S&P to put US debt on negative watch should have no implication whatsoever for creditworthiness of US debt. There is a large mistake being made at the ratings agencies when it comes to accessing sovereign debt in a fiat currency regime. They are...
The list of stuff that has supposedly been responsible for this "mini-pullback" in risk assets over the past few days is as follows - 1. A level 7 accident rating for the Fukushima reactor. 2. Schaeuble ringing the Greek restructuring bell. 3. Economists revising US...
Yes, this is the final line from Pedro’s presidential campaign speech in the film Napoleon Dynamite. As our “Vote for Pedro” campaign winds down, I just wanted to send out a motivational picture. Please open the first attachment as it has a very subliminal advertising...
Yes, this is the final line from Pedro’s presidential campaign speech in the film Napoleon Dynamite. As our “Vote for Pedro” campaign winds down, I just wanted to send out a motivational picture. Please open the first attachment as it has a very subliminal advertising message. This was sent by one of our top clients […]
