…What will be the year’s biggest financial surprise? They offer a list and each one would be a big surprise, from yields falling below 10 percent to commodities prices surging…
One of the big concerns coming out of the financial crisis was runaway inflation. Central banks around the world were buying bonds on a massive scale, which is effectively equal…
…attending an investment committee meeting for one of our institutional accounts. I actually don’t work directly with the client and was asked to come by one of our Portfolio Managers,…
…a bit of that going on with Taylor’s claim that his model would have been better, but abnormally low levels of interest rates do distort asset prices and bubbles are…
…competition from other, similar firms, the cut to zero was a response to Robin Hood, who launched with zero commissions. Does that mean that it’s ‘free’ to trade at Robin…
…shows, everyone around the world watches it. What could go wrong? Well, all of that success creates success, but it also creates challenges. In 2015, there weren’t many competitors. I…
…a lot of it has been good old-fashioned speculation as prices have outrun earnings. This is evident when looking at prices through the lens of company fundamentals. Consider the price-to-earnings…
…happens to wages in the meantime. If employers feel like they have to pay up to compete, that’s where I think sustained inflation will come in. Right now, I’m reading…
…that prices were not right, they turned the computers back on and trading resumed. Unfortunately, I think these kinds of things are part of living in a complex, computerized world….
…and ‘B’ shares that foreigners cannot buy (with some exceptions) Both A- and B-shares are listed on either the Shanghai or Shenzhen exchange and trade in different currencies. The A-shares…
