Memories - of 2012 and 2007

November 21, 2014

Draghi and the PBOC throw gas on a fire.

Financial Sphere Bubbles

November 15, 2014

Not an inopportune time to ponder Financial Sphere vs. Real Economy Sphere analysis.

Back to the Nineties

November 7, 2014

Draghi follows Kuroda and king dollar spurs EM contagion fears.

Kuroda, Bubbles and King Dollar

October 31, 2014

Kuroda stokes stock prices and king dollar.

More Wackoism

October 24, 2014

Central banks win the day and week.

The Downside of Do Whatever it Takes

October 17, 2014

"Anyone who isn't really *concerned* doesn't understand the situation."

Derivatives Story 2014

October 10, 2014

Increasingly, it looks like "risk off" and big trouble.

The New Mediocre Neutral

October 3, 2014

For a couple hours on Thursday things were beginning to look dicey.

What We Know

September 26, 2014

Heightened global market instability has began to be transmitted to U.S. securities markets.

Only for Wonks

September 19, 2014

A week of really interesting market action and a new Z.1 "flow of funds" report - all overshadowed by Alibaba.

King Dollar and the Peripheries

September 12, 2014

Things are turning interesting again.

Do Whatever it Takes to Shock and Awe

September 5, 2014

Draghi beats "Wall Street" estimates.  Markets rejoice.

Pondering the Summers of 2012 and 2014

August 29, 2014

The gulf between inflating global securities prices and deteriorating fundamental prospects widens by the week.

Reflexivity, Bubbles and Profits

August 23, 2014

Market "risk on" - in the face of a risky and unstable world.

Bubbles & Schemes

July 25, 2014

Cracks appearing in junk bonds?

Druckenmiller the Statesman

July 18, 2014

Geopolitical risk erupts and a hedge fund titan speaks candidly.

2014 vs. 2007

July 11, 2014

Action at the "periphery of the periphery."

The Moneyness of Risk Assets

July 4, 2014

Dr. Yellen, you just condoned “Terminal Phase” excesses.

No Bubble?

June 27, 2014

Fed hawks are beginning to make some noise.

Sound or Unsound?

June 13, 2014

Add meltdown in Iraq to the long list of geopolitical risks.

Commentary Archive