Macro Observations

Investment Office

Selecting relevant market observations

Investment Thoughts

Macro Observations

Analysis, Ideas and Reflections on Macroeconomic Topics

articles 61-70 / 190		«	page 7 of 19	»

Don’t Worry About Asset Bubbles

One of the Federal Reserve’s (Fed) current dilemmas is how to square its battle against deflation with investors’ fears of inflating asset bubbles. The former is part of the Fed’s mandate, the latter is not.
Oppenheimer Funds, September 3, 2015 , Krishna Memani, CIO

Swiss Franc Lending in Europe

"Our estimates suggest that at the end of 2007, CHF 238 billion in Swiss franc denominated loans were outstanding in the euro area, and another CHF 122 billion in other European countries."
Swiss National Bank, February 2009 , Martin Brown, Marcel Peter, and Simon Wehrmüller

The Fed Isn’t Fueling This Typical Bull Market

“Quite high.” That is how Fed chair Janet Yellen described stock valuations last week. Cue the usual Fed rate hike speculation. One camp thinks a hike is overdue—that the Fed has been too accommodating, inflating asset bubbles across the land. Others fret a hike and argue the US economy needs continued “Fed support.” So who is right?
By Fisher Investments Editorial Staff, 15/05/2015

Strange Machinations

What to make of markets that are no longer on speaking terms with their fundamentals.
Guggenheim Partners, May 15, 2015 , Scott Minerd, Chairman of Investments and Global CIO

The Economic Cycle Is Maturing but Still Has Room to Run

The current economic expansion, now over 70 months old, is entering its mature phase, having already exceeded the average length of prior cycles of 57 months. However,
Guggenheim Partners, May 08, 2015 , Scott Minerd, Chairman of Investments and Global CIO

The New Physics of Leverage

"Since 2008 the predictions of doom by the goldistas have all been wrong. There has been no hyperinflation among any of the countries whose currencies can be cleared in large amounts through the central banks of the world. Gold has proven to be no more reliable a "store of value" than any other investment"
Daily Speculations, 04/05/2015 , Stefan Jovanovich

Did Eonia just end the ECB's Recovery Fiction?

What should most troubling to investors of all stripes and locales is that what is going on in Europe is almost exactly the same as what is taking place in Japan. Despite nearly all outward appearances, Japan and Europe have far more in common than differences, at least where it counts.
Alhambra Investment Partners, August 29, 2014

The Fed Wants to Be Behind the Curve

Federal Reserve, Yield Curve, Macro, Early Warning Indicator
Quote , Bianco Research, James Bianco on Bloomberg, July 24, 2014

Like A Stealth Bomber

"What if inflation is actually surging and the traditional methods of measuring it are just not capable of capturing the rise".
Lobnek Wealth Management, Newsletter, July 2014 , Altug Ulkumen

Central Banks Chart a Course for Overheating

When bull markets mature, investors fear a coming crisis. Today there are plenty of candidates from Europe to China to Thailand. But bull markets climb a wall of worry and there are reasons now not to expect a looming crisis.
Guggenheim Partners, Market Perspectives, June 2014 , By Scott Minerd, Chairman of Investments and Global CIO