ISM Spoils The Bond Rout!!!
With China closed for its National Day Golden Week holiday, the stage was set for Japan to steal the market spotlight. If only briefly. The Bank of Japan announced last night that it had had [...]
The Wholesale Zoo: Where Did All The Animals Go?
One of the most maddening aspects of the recent repo market, federal funds mashup is the lack of context behind it. The event is being characterized and described as if in isolation. Regulations are squeezing [...]
Big Picture: Long-Term Trends In Markets
The investment industry is always focused on the short-term, an attempt I think to justify fees through activity. A recent example is the breathless reporting about a short term shift toward value stocks. Value has [...]
Sizing Up the Cavalry
There’s been an unusual level of honesty coming out of Liberty Street of late. Not total honesty but certainly more than the usual nothing denials and dismissals. If you don’t immediately recognize the reference, that’s [...]
The China Conundrum
It seems as if we’ve found one of those interim periods that often accompany times of uncertainty. Markets, stocks as well as bonds, are in a wait-and-see mode. Either the next shoe drops, as is [...]
Waiting on the Cavalry
Engaged in one of those protectionist trade spats people have been talking about, the flow of goods between South Korea and Japan has been choked off. The specific national reasons for the dispute are immaterial. [...]
The Last Piece of the Estate Planning Puzzle
You’ve worked hard to get your estate plan in place. The appropriate documents have been created and signed. You’ve named the person who’ll carry out your final wishes. But have you completed the final piece [...]
Stay In Touch