…MSCI, the world’s most popular index creator for non-US stock indexes announced they would not be adding Chinese A-shares to their emerging markets indexes. MSCI believes there are too many…
…not necessarily the exchange rate, but the belief in the entire system. Having countries simply come and go from a currency would undermine the creditably of the entire concept. To…
…of the European Central Bank (ECB), the International Monetary Fund (IMF) and the European Commission, the executive body of the European Union. The ‘no-vote’ is a remarkable political win for…
…the option to enter into an interest rate swap and this measures the volatility of those options, but that’s for another day). For the Financial conditions indexes, a reading above…
…1952, simply titled ‘Portfolio Selection.’ While the idea is elegant and perfectly right, the problem is that we can only solve this equation with historical data or estimates for the…
…the Greek ETF still changed hands throughout the entire period. Here’s a chart that compares the Athens Stock Exchange Composite Index in US dollar terms and the Global X FTSE…
…yield is an important component of total return (which is income and appreciation/deprecation together), we sometimes see investors stretch for yield without fully understanding the consequences of their decisions. The…
…one likes the losses and recognizes that there may be more in the coming days, but I think everyone also understands that stocks make good investments over the long run….
…the Fed releases economic forecasts from the various FOMC members. The following chart shows their estimates for real (inflation-adjusted) GDP growth for 2015-2017 and an estimate for ‘longer run’ growth….
Last week, I wrote about how losses at the Swiss mining company Glencore were affecting the overall market. In the article (found here), I said that bond prices in the…
