Each year we have made a habit of taking a look back at what we’ve prognosticated “may” occur during the year and holding the mirror up. Given that we’re at year end 2014, it’s that time again! Sometimes this is a painful exercise, as it’s a clear reminder of how
Regular readers will have been very well positioned to take advantage of what is happening in emerging markets and specifically currencies as we can see from the fairly dramatic chart below. We’ve been positioning for a USD bull run for some time now. Back in October we made the call
The more we look at the Chinese renminbi the more convinced we become that the next serious move will be to the downside and that this will more than likely occur sooner rather than later. Last month I wrote an article “The World’s Biggest Asymmetric Trade Just Got Bigger”. This is
I’m going to paraphrase a conversation I had recently with a Venture Capitalist whose focus is on the tech industry: Me: “Eyeballs, that’s what founders are telling me. How will this company monetize them?” VC: “Don’t know, they haven’t figured that out yet.” Me: “Right. Then how do you come
In a world simply drowning in debt, the most egregious debt ever recorded in the worlds history in fact, we find ourselves with a unique situation where previously backward broken shell shocked countries such as Myanmar have one element of risk which we can eliminate from our risk profile when
Ten days ago China cut interest rates in an effort to free up credit and stimulate the economy. This is unlikely to have much of a positive effect on economic growth in China. Rather it is likely to compound the big problem that the Chinese currently face: exports becoming increasingly uncompetitive.
Bernie Madoff promised investors above average, consistent year after year mathematically impossible returns. Investors fell for the high returns but what they REALLY fell for was the apparent consistency. The stability or returns, the certainty. Bond funds appeal to investors because they offer stable returns each year. Quantifiable and certain.