A Lengthy Non-Confirmation As we have frequently pointed out in recent months, since beginning to rise from the lows of the sharp but brief downturn after the late January blow-off high, the US stock market is bereft of uniformity. Instead, an uncommonly lengthy non-confirmation between the the strongest indexes and the broad market has been established. The chart below illustrates the situation – it compares the...
Read More »
I had the privilege of joining the set of anchors Julie Cchatterley, ScarletFu, and Joe Weisenthal on the set of “What’d You Miss” today. The unrehearsed discussion took an unexpected turn when Joe asked about the low volatility. The anchors were patient and gave me time to provide a sketch of the thesis of my book, Political Economy of Tomorrow, where I suggest a under appreciated factor in the low price of capital is...
Read More »
Click to see the video. I am in Boston to attend the Fixed Income Leaders Summit and was invited to join Alix Steel, Joe Weisenthal, and Scarlet Fu on Bloomberg TV. We talked about the peripheral in Europe, especially Portugal, Italy and Spain. Each has a pressing issue. In Portugal, yields have not fallen as much as in other peripheral countries. In Italy, they are belatedly addressing the recapitalization of...
Read More »
Swiss Economicblogs.org
