Analytics

 Investment Office

Selecting relevant market observations

Investment Thoughts
Macro Observations
Capital Markets
Markets in History
Beyond Finance
Quotes on the Fly
Chart Gallery
Academia
Coffee Chronicles
Archives
Asset Management
Pension Funds
Family Offices
Wealth Managers
Asset Managers
About
Disclaimer
Privacy Policy
Cookie Policy

   Investment Thoughts - Capital Markets

Ad Hoc Comment on Market Resilience
I mean, honestly, if I had come here a year ago and announced that the world would see a liquidity crunch such as we have never seen before, that Bear Sterns, Countrywide (a company which at its height issued 20% of US mortgages) and Northern Rock would all hit the wall.

That UBS, that previous paragon of safe banking, would write off years of profits in just one quarter. That economic growth would slow so much that miles driven in the US would see year-on-year declines such as was not recorded since 1982...And still, despite all this, that almost all commodity prices would rise by 100%, 200% and sometimes even 300%, a lot of you would probably have laughed at me!

 

 

Gavekal, June 6th 2008

07.06.2008


 

Themes

 

Asia

Bonds

Bubbles and Crashes

Business Cycles
Central Banks

China

Commodities
Contrarian

Corporates

Creative Destruction
Credit Crunch

Currencies

Current Account

Deflation
Depression 

Equity
Europe
Financial Crisis
Fiscal Policy

Germany

Gloom and Doom
Gold

Government Debt

Historical Patterns

Household Debt
Inflation

Interest Rates

Japan

Market Timing

Misperceptions

Monetary Policy
Oil
Panics
Permabears
PIIGS
Predictions

Productivity
Real Estate

Seasonality

Sovereign Bonds
Systemic Risk

Switzerland

Tail Risk

Technology

Tipping Point
Trade Balance

U.S.A.
Uncertainty

Valuations

Yield