Weekly Market Update
Market Action With an agreement between Greece and its creditors secured over the past weekend major averages around the world rallied and renewed optimism for equity investors. The Technology and Financial sectors led the way in the U.S. thanks to strong earnings...
Weekly Market Update
Market Action The major U.S. averages stayed relatively flat throughout the week. The emphatic “No” vote in Greece weighed down markets early on in the week before a new proposal by the Greek government Thursday night helped spark some recovery. Renewed fears over...
Contemplating the Grexit Scenarios
Most of us at some point were exposed to a great teacher. Joel Fingerman was that teacher for me. Joel taught me in one of his quantitative classes (Business & Economic Forecasting) that the only certain thing about a forecast is that it will be wrong in one way...
The Return of the Son of Nothing: Greece and the EU after Wandering the Wasteland
Let me state it from the beginning: This Greek referendum is absurd simply because the government has failed its people, and also because the troika’s boneheaded mentality did not allow her to cut a deal with the previous government last fall (if the latter had taken...
Weekly Market Update
Market Action Markets started the week in the red across the world thanks to Greece’s abandonment of negotiations and surprise call for a referendum. Equities in the U.S. recovered some losses but still ended the week down more than 1% across the major indices....
Monthly Barometer’s Forward-Looking Monthly Review: An Interdisciplinary View of our Complex Global Economy
The macro backdrop for the rest of the year is the following: (1) lower global growth (around 3%) than expected; (2) higher headline inflation prompted by oil base effects, but subdued core inflation; (3) sharp deceleration of growth across emerging markets (EMs); (4)...
Financial Steroids: Greece, China and the Lopsided Approach to Unnatural Policies
Theories are not extracted from history. On the contrary, theories are needed in order to interpret history. Economic phenomena are ordered in accordance to definite laws. Understanding the relationships among economic variables is pivotal in assessing forthcoming...
Weekly Market Update
Market Action The major U.S. equity indices posted small losses on the week despite some pockets of strength within the market. The managed care and athletic apparel industries provided strong results this week thanks to a coming consolidation in the former and...
Weekly Market Update
Market Action After a few weeks of disappointing returns the major averages in the U.S. posted solid gains led by the Healthcare and Consumer sectors. European markets continue to be plagued by the lack of progress between Greece and the troika. Janet Yellen offered...
Separating Sense from Nonsense in the Liquidity Debate
The choir of voices sounding the alarm on market liquidity got a new member last week in the Wall Street Journal’s Op-Ed pages: Stephen Schwarzman of Blackstone, one of the largest financial services firms in the world and known for its leading role in private equity....
