On October 14th 2014 in New York City we will be hosting our 6th Global Macro Speaker Series event. Our featured speaker this time will be Dr Ben S Bernanke. Previous event speakers included Marty Feldstein, Ken Rogoff, Alan Meltzer, John Taylor, Tim Geithner and...
This will be the first ever commentary I have written solely with my left hand, and for that reason it will be short. For those who do not know, I had surgery earlier this week to repair 2 ruptured tendons - one in my thumb and one in my pointer finger. During the...
As we take a second shot at the "spoo2k" level, its worth highlighting a chart which has probably received more airtime than any other on wall street. This chart has been used to suggest equity price moves are basically being driven tick for tick by the expansion of...
On the surface, Stan Fischer's first speech as the Vice Chairman of the Federal Reserve Board this past Monday might seem a bit depressing. The word "disappoint" (as in disappointing and disappointment) shows up 5 times. The word "slowdown" shows up 8 times, and the...
Maybe I have been looking at different data releases than the rest of the market, but I don't see what all the fuss is about. I understand payrolls were a few thousand short of expectations - but +209k is highly respectable. And the 3mth, 6th and 12mth moving averages...
Just a quick note post GDP and pre FOMC. Today's GDP report resolved the much discussed discrepancy between the IP/employment data and the output data. Of course the strong data won the battle and that is worth celebrating. The hater community will now need to do some...
Last week the S&P500 touched a new record high of 1991.39. Within the coming weeks it is highly likely we will surpass the psychologically important level of 2000. So this got me thinking - how much time will it take before we see a doubling of the S&P to its next...
On Sunday I tuned into "This Week" with George Stephanopoulos for the first time ever. I used to love "This Week" with David Brinkley, but given the barrage of information which has become available from internet and social media sources over the last 10-15 years,...
One of this summer's biggest clubbing hits is a tune from Li'l John and DJ Snake entitled "Turn down for what". It's basically a song about keeping the party going, with Li'l John singing over and over again - "Fire up that loud/Another round of shots". It's a catchy...
Janet finished out her first semester with a solid A at the press conference. The C- from her first appearance has been successfully diluted with a sequence of dovish speeches and testimonies combined with her latest perfect performance. She can now head into the slow...
Janet finished out her first semester with a solid A at the press conference. The C- from her first appearance has been successfully diluted with a sequence of dovish speeches and testimonies combined with her latest perfect performance. She can now head into the slow summer vacation period with a very respectable A-. Her benign […]
