Closed-end fund notes follow: *New Ireland Fund reported on its close-Dec. portfolio. IRL reduced its stake in Paddy Power to 2.98% (we own PDYPF directly). IRL’s largest holdings are Ryannair 17.62%; Kerry Group (dairy products) 10.93%; CRH (aggregates) 10.42%; …
Read More It is useful to spend some time with kids. Our New Year break included trading leg-warmers, sharing ice cream in winter, my wearing sparkling sunglasses reading “2014” which produced smiles …
Read More Momentum traders have time horizons measured in hours, days or weeks. Investors seek superior returns over long periods of time. Their time horizon is truly “the rest of their livesâ€. …
Read More
 Daily Absolute Demand Index(1):   (Click here for best resolution)   Notes:   (3) A projection of our basic year-over-year data into an aggregate absolute demand, reflecting the compounding impact …
Read More I’ve been searching in the past few years for the best book to explain the 2008 Crisis, but I have yet to find it. John Lanchester’s novel Capital presents the 2007 and …
Read More
In spite of a number of positive economic indicators out of the Eurozone (see example), credit growth remains the area’s Achilles’ heel. The latest private sector loan growth aggregate from the …
Read More
The top of today’s reading list reports on the rise of online education and the impact on traditional colleges, and the tenth article discusses how the stretch for yield has …
Read More
While the taper is apparently priced in, someone forgot to tell Emerging Market FX markets again as from India to Indonesia and from Thailand to the Philippines, currencies are tumbling …
Read More
“Those among the rich who are not, in the rigorous sense, damned, can understand poverty, because they are poor themselves, after a fashion; they cannot understand destitution. Capable of giving …
Read More
For generating the greatest “wealth effect” and highest return of any global stock market in the world in 2013, the Caracas stock exchange, which closed the year at the ripe …
Read More