By Jeffrey Snider, CIO, Atlantic Capital Management of Florida: In a world awash with digital fiat money, this constant need for liquidity measures is sometimes hard to reconcile with the sheer amount of digital monetary units created in the months since October 2008. But real liquidity is far more than quantity. When the banking world was in danger of falling [...]
From friend of Alhambra Brian Cronin: A question that comes up frequently in discussions about investments and the future course of the stock market is why the European debt crisis is so important and why investors should pay attention. The easy answer is that in the current state of financial affairs, everything is interconnected and nothing happens in isolation anymore. [...]
Thinking Things Over May 20, 2012 Volume II, Number 20: Eurozone Agonistes...Again By John L. Chapman, Ph.D. Washington, D.C. The tragedy of unemployment rates well north of 20% in Greece and Spain, 15.3% in Portugal, 10% in France and Italy, and so on is mirrored in negative GDP growth rates across most all of Europe, and massive loss of wealth: French [...]
Over the last couple of months I've dedicated a good portion of these weekly commentaries to the various headwinds I see facing the global economy and markets. Everyone, it seems, knows what the risks are and I'm beginning to wonder if, being so well known, the actual events may prove less jarring to sentiment than I've been expecting. There is, [...]
Is the Greek debt crisis over? Based on the stock market reaction last week one is tempted to say, yes, finally the Greek problem has been solved. Stocks sold off early in the week when it looked as if the deal might not be fully subscribed but recovered as European leaders managed to twist enough arms to get the deal [...]
The stock market continued to defy gravity last week in its ongoing attempt to make me look like a fool for trying to predict its movements. We've recently moved our portfolios to a neutral risk position from the more aggressive stance we adopted during the great sovereign debt scare of last fall and are contemplating an even more conservative posture. [...]
Markets continued to trade last week as if the risks facing the global economy have been or soon will be resolved. Stocks moved higher with the S&P 500 up another 2% last week while European and emerging market stocks performed relatively better. Chinese stocks moved higher in anticipation of further monetary easing and a soft economic landing. Commodities continued the [...]
Stay In Touch