Marcelo Perez

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So far Marcelo Perez has created 863 blog entries.

SPECIAL REPORT: Don’t Fight The Fed?

By |2019-12-11T08:49:41-05:00December 11th, 2019|Alhambra Research, Special Reports|

QE. Quantitative Easing. The most misunderstood, misinterpreted, misconstrued, mis-overestimated economic policy of the current monetary era. No need for qualifiers or weasel words like “perhaps” or “maybe”. In an age of unprecedented policies – largely ineffective, I might add – in an ocean of official misdirection, quantitative easing stands out as the grandest deception of them all. With the onset [...]

SPECIAL REPORT: It Was The Eurodollars All Along

By |2019-12-06T10:42:03-05:00November 13th, 2019|Special Reports|

The Global Financial Crisis of 2008 was felt far and wide, in places with no connection at all to the US mortgage market. That is, or should be, a clue that the crisis wasn’t really about sub-prime mortgages at all. There were places, though, that avoided much of the turmoil. One of the oddest and unexpected might be Argentina, a [...]

Monthly Macro Monitor: Doom & Gloom, Good Grief

By |2019-10-23T15:08:21-04:00October 10th, 2019|Alhambra Research, Markets|

When I first got in this business oh-so-many years ago, my mentor told me that I shouldn't waste my time worrying about the things everyone else was worrying about. As I've related in these missives before, he called those things "well-worried". His point was that once everyone was aware of something it was priced into the market and not worth [...]

SPECIAL REPORT: Money Market Turmoil

By |2019-12-06T10:39:00-05:00October 8th, 2019|Alhambra Research, Economy, Federal Reserve/Monetary Policy, Special Reports|

Jeffrey Snider's Follow The Money Series: Money Market Turmoil On Monday, September 16, funding markets came under significant pressure. In repo, the GC rate (UST) jumped to 2.876% from 2.288% the Friday before. Repo rates and other money rates like federal funds had been elevated already but this 60-basis point move was highly unusual. Our Special Report on the Money [...]

SPECIAL REPORT: The Yield Curve And What It Means

By |2019-12-06T10:39:07-05:00September 13th, 2019|Alhambra Portfolios, Bonds, Financial Planning, Markets, Special Reports|

The Yield Curve Inverted! Recession is Coming! Do you need to worry about the yield curve inversion? Not if you have a strategy appropriate to your circumstances. Not if you know what tactics you will employ when recession is imminent. And most importantly, not if you know what the yield curve and other indicators are really saying about the current [...]

Retirees Lose $3.4 Trillion By Claiming Social Security Too Early

By |2019-09-04T13:00:17-04:00September 4th, 2019|Financial Planning, Retirement|

For years now, there’s been lots of talk about what happens if you claim Social Security benefits before full retirement age (FRA) or even waiting until the maximum age of 70. Claiming early means you’ll receive less money, permanently, than if you waited. In spite of the warnings, only 4% of retirees wait until 70 to claim benefits and that [...]

Hedgeye Podcast: One-On-One With Joe Calhoun

By |2019-08-27T12:08:30-04:00August 27th, 2019|Alhambra Research, Economy, Federal Reserve/Monetary Policy|

Our very own Joe Calhoun, founder and CEO of Alhambra Investments, was invited to feature on Hedgeye's 20th episode of In the Arena. He joins Hedgeye's Daryl Jones in a lively discussion on the current investing landscape and hurdles facing the U.S. economy:

The Benefit of Working With a Fiduciary Adviser

By |2019-12-06T10:38:30-05:00August 15th, 2019|Financial Planning, Special Reports|

What is a Fiduciary? You may have heard the term in recent times due to the ongoing debate about whether stockbrokers should be held to such a standard. Since doing so would make it harder for them to sell you things that pay them high commissions, peddlers of Wall Street’s wares are, as one might expect, opposed to this imposition. [...]