U.S. banks are trying every means to contain costs, either through closing lackluster operations or by laying off personnel. Yet increased legal expenses, higher spending on cyber security and alternative …
Read More
At the end of each quarter, the IMF reports on currency reserve holdings by central banks for the preceding quarter. What investors are most interested in is the currency allocation of …
Read More
It has been another whiplash, rollercoaster, illiquid session which saw US equity futures tumble early overnight driven by a bout of USDJPY and Nikkei selling, only to regain all losses as European, …
Read More I have long railed against fractional reserve lending, duration mismatches (e.g. banks issuing 2-year CDs and lending money for 15-year mortgages), bank’s ability to lend money into existence, and deposit …
Read More
 Warren Buffett has achieved an incredible compounded return of 19.4% per year since taking control of Berkshire Hathaway (BRK.B) in 1964. So it’s no surprise that most people want to mimic …
Read More
EUR/GBP According to Christopher Lewis’s analysis of the EUR/GBP, “The EUR/GBP pair had a fairly significant decline recently, but did manage to bounce off of the 0.70 handle. Because of this, …
Read More Podcast: Play in new window | Play in new window (Duration: 13:15 — 6.1MB) DOW – 200 = 17,776 SPX – 18 = 2067 NAS – 46 = 4900 10 …
Read More The following is an excerpt from this week’s Earnings Trends article. To see the full article, please click here. Earnings estimates have come down sharply over the last few months …
Read More Valid until the market close on April 30, 2015 The S&P 500 closed March with a monthly loss of 1.74%, which follows the biggest monthly gain in 40 months. All …
Read More “Everyone is a prisoner of his own experiences. No one can eliminate prejudices – just recognize them.†– Edward R. Murrow, US broadcast journalist & newscaster (1908 – 1965), television …
Read More