Interesting video of a BBC journalist who spent a day with hedge fund manager Hugh Hendry. Click here.
(Via The Mises Institute Blog)
It is an extraordinary measure for a central bank, particularly the purchase of financial assets to encourage the decline in risk premiums. To be explicit on that point and to extensively influence market interest rates and risk premiums, the Bank…
I am by no means an expert on the Japanese economy but for a decade or so some big name investors – like Hayman Capital’s Kyle Bass who made his name forecasting the 2008 crash – have been awaiting a…
It doesn’t get any better than this. – John Chambers, CEO, Cisco Systems Blowout quarter from Cisco: Revenues up 27% year over year to peak levels seen in the May-July and August-October 2008 quarters. Non-GAAP Net Income up 41%. Chambers…
Slow U.S. economic growth and an unprecedented increase in the cost of fuel have resulted in lower-than-expected U.S. package volume and an accelerating contraction in the use of premium air products. In addition, the anemic U.S. economy is negatively impacting…
The more I think about, the more inclined I am to think that we are heading for Civilization Breakdown, due to the collapse of the dollar as a medium of exchange, like Germany in the early 1920s, as opposed to…
There’s something happening here. What it is ain’t exactly clear….. There’s battle lines being drawn. – Buffalo Springfield, “For What It’s Worth” Sooner or later in a bear market, even the glory stocks start to come apart. As a bull…