Weekly Market Update
Market Action Equities markets posted poor performance this week in the US and Asia. Little new economic data was released but the momentum for Scottish independence and news of additional military ventures in Iraq weighed on markets. Japan has intensified its easing...
On the Infinite Appetite for Self-Destruction and the Unlimited Capacity for Trivialization
We are approaching the time when the ECB will pull the trigger and will start buying paper “assets” (i.e. someone else’s liabilities) in the ultimate hope of stimulating a paralytic EU economy that is devastated by regulations, high taxes, unsustainable debt and...
Weekly Market Update
Market Action Mario Draghi poured fuel onto the fire that has been lifting European equities. His announcement of further reductions in interest rates, including an even further negative deposit rate, along with a new program to purchase assets from banks directly...
Strategic Misconceptions and Market Expectations: The Brighter Side of a Dark Moon
In the last few days we’ve observed geopolitical events taking place from the Middle East to Eastern Europe and from Africa to Asia, shaking the markets and molding expectations. The Islamic State in the Middle East endangers not only regional stability but also...
A Review of the Most Important Global Events in August by Monthly Barometer
Recent economic developments give credence to the idea that the world has entered an era of slower growth and higher unemployment. Surprisingly, this remains a minority view at a time when the US economy might stall, the Eurozone and Japan are struggling with barely...
Weekly Market Update
Market Action Stocks posted their fourth consecutive week of gains in the United States this week, marked with the S&P’s milestone in crossing 2,000. While data released this week was mixed the markets continue to build momentum off of positive sentiment for the...
Weekly Selections From Weekly Barometer
5 insightful op-eds or articles to help make sense of today’s world Jim O’Neill, “Will the Calm in Global Markets Last?” (Bloomberg View, August 19, 2014) Goldman’s Sachs former chief economist thinks that the current “peculiar calm” that prevails in the markets -...
Geopolitical Journal: August 26th
Today Blacksummit Financial Group introduces the creation of a new publication, its Geopolitical Journal. Drafted biweekly, our aim is to summarize and inform our readers of key geopolitical events gripping the globe. The issues touched upon may impact our...
Weekly Market Update
Market Action All eyes this week were tuned to Janet Yellen in Jackson Hole, Wyoming as the annual congregation of key central bankers concluded on Friday. The statement from the Chairwoman overall was neutral. Mario Draghi of the ECB stressed the limits of ECB...
Hypnotized by Dreams of Utopian Placebos, Part II: Jackson Hole Meets the Texas Ratio
In the last commentary our thesis was that the economic landscape does not suffer from secular stagnation but rather from a complex and confused disequilibrium that diminishes expectations. Rather than focusing on the causes of this disequilibrium policymakers shift...
