Substituting for the Credit Cycle: An Optimistic Perspective
There is almost no doubt that the extraordinary measures taken by the central banks around the world over the last several years uplifted equities, lowered cost of capital, increased corporate prospects and in general created a market upswing at a time when global...Weekly Market Update
Market Action The U.S. economy added 222,000 in the month of June according to Friday’s employment report, which included an upward revision of to May’s report as well. While the number of jobs created easily surpassed expectations wages continue to diverge from the...Valuation Metrics, Currencies, and Portfolio Rebalancing: Kantian of Fichte?
According to most valuation metrics, European stocks trade at a discount relative to those in the US. Consequently, fund managers are on a shopping spree for EU-based equities. As a result the Euro has been strengthening against the dollar. Certainly, the...Weekly Market Update
Market Action The Federal Reserve approved the capital plans of the 34 largest financial institutions in the U.S. The plans were the second half of the central bank’s annual stress test. The passing mark resulted in record increases in dividends and buybacks for some...Monthly Barometer’s Forward-Looking Monthly Review: An Interdisciplinary View of our Complex Global Economy
June 2017 Lowflation is back. Core inflation is softer than expected, notably in the US and Europe, but also in other countries like China. The resultant flattening bond yields (before this week’s sell-off) are complicating the task of the Fed and other central...Sign Up for Our Publications
