In 2009, Drs. Carmen Reinhart and Ken Rogoff published This Time Is Different: Eight Centuries of Financial Folly. This academic work became topical as it was nearing its completion due to the “Great Recession”. They added a long ending chapter to deal with the crisis and predicted a great deal of what has transpired: several [...]
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COMMENTARY Arianna Huffington just wrote an “important” op-ed, “Delevering in a Delevering World“. I know flummery when I see it: On Monday, I was in Newport Beach to speak at the annual client conference of PIMCO, the world’s largest bond investment company — whose CEO Mohamed El-Erian is a frequent and very popular HuffPost blogger. More than [...] I’ve been working on an article about the state of economic recovery and have been studying deleveraging, debt levels, bank balance sheets, foreclosures, and the like. So I was very pleased to find a long research piece put out by Bridgewater’s Ray Dalio on that topic. As readers may know, I am a fan of [...] Bloomberg had a piece today, “Japan Consumer Prices Fall for Fourth Month, Adding to Case for BOJ Easing“, noting that consumer prices are falling in Japan which (somehow) adds to the “case” for printing money by the Bank of Japan. Why? Let’s set aside the principle that there is never a case for printing money, as [...] By Mark Spitznagel. Mr. Spitznagel is the founder and chief investment officer of the hedge fund Universa Investments L.P., based in Santa Monica, Calif. This was originally published in the Wall Street Journal on December 22, 2011. Central banks are creating a tinderbox by keeping alive many very bad investments. The ubiquitous greenery of the season [...] “Manek: How I Beat Everyone During Volatile Summer” Headline in Investment Week extolling the performance of Jayesh Manek’s Manek Growth Fund, which has so far lost 23.6% during 2011. This is, at heart, a tale of one tragedy, or two films. Roy Ward Baker’s 1958 classic “A Night To Remember‟ is a simple, [...] |
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