Top Gun FP Client Note: The Correction Is Not Over
NOTE: Every week or two I write a Client Note for my clients. For a limited time, I am allowing non-clients to sign up and receive it at the same time as my clients. You can sign up at the top…
Top Gun FP Client Note: The Race To The Bottom
NOTE: Every week I write a Client Note for my clients. For a limited time, I am allowing non-clients to sign up and receive the Client Note. You can sign up at the top right hand corner of the website. …
The BOJ Goes QE
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…
A Stab At Resolving The Inflation/Deflation Debate
There is a great debate raging between students of monetary economics. On the one hand, there are the deflationists who point to the massive deleveraging in the housing, mortgage, credit and stock markets. The fall in prices in these asset…
Looks Like Another Good Week; Dow Continues to Lead – Mostly; Carry Trade Back In Full Force
It’s looking like another good week for the stock market. Here’s how the action looks through 4 days: Dow: +151, to 13,477 S&P: +7, to 1513 Nasdaq: -23, to 2539 Russell 2000: -14, to 816 Again, we are seeing the…
Bank of Japan Holds Target Interest Rate Steady
At 2:07pm in Japan, 10:07pm out here in California, the Bank of Japan (BOJ) held its interest rate target steady at .5%. This is good news for stocks as it doesn’t put any pressure on the carry trade. The yen…
The Vernal Equinox – A National Holiday in Japan (Wed March 21, 2007)
The Tokyo Stock Exchange is usually open from 5pm – 11pm PST (9am – 3pm the next day in Tokyo) and so I was just trying to check it on Yahoo! before calling it a night, as is my routine. And…