| |
"Vertigo" and the Swiss National Bank (SNB)
|
In September we borrowed a quote from the 1949 classic, "The Third Man", to introduce the wizardly tricks of the Swiss National Bank. One month later, the analogy with "Vertigo", the 1958 psychological thriller film directed by Alfred Hitchcock, seems more appropriate to illustrate their latest currency intervention numbers.
Investments Office, November 2012
|
British witch trials and inflation in the medieval period
|
The following chart shows the UK price index over the period with the incidence of witchcraft trials. Note the peak in trials coinciding with the peak of the price revolution.
Popular Delusions , Société Générale, Cross Asset Research, Dylan Grice, 2 October 2012
|
Buy the fiscal cliff
|
Many investors fear the US "fiscal cliff" - that automatic spending cuts and tax hikes starting in January will cause a big recession. No. The fiscal cliff simply won't happen. And fear of a false factor is always bullish.
Interactive Investor, 19/10/2012 , By Ken Fisher
|
Bull market 30 years old today
|
What does it really mean? Simply, the market and the economy transitioned from funding fixed assets (oil, gold, land) to funding ideas.
August 2012 , Andy Kessler
|
The United States Is Not Europe and Texas Ain't France: America as the Thoroughbred Economy
|
"I would suggest that if you want to see an economy that has avoided the traps of an overburdened social structure like that which you have discussed today, and if you want to consider a fiscal and regulatory regime that attracts rather than chases away business and jobs, you might look to Texas."
Remarks before the Cato Institute, Washington, D.C., October 10, 2012 , Richard W. Fisher, president and CEO of the Federal Reserve Bank of Dallas
|
Volatility of an Impossible Object: Risk, Fear, and Safety in Games of Perception
|
"The market is no longer an expression of the economy… it is the economy."
Artemis Capital Management, October 4th, 2012 , Christopher Cole
|
The Unintended Consequences of Quantitative Easing on Emerging Markets
|
"While central banks have focused on the unique circumstances of their own nations, the collective magnitude of QE has had
unintended consequences beyond the borders of their constituencies."
Pyramis Global Advisors, June 2012 , Rubén Calderón, Portfolio Manager
|
Bull Market in Fear and Tail Risk
|
"Volatility markets are simultaneously calm on the surface and fearful underneath"
Artemis Capital Management, October 4th, 2012 , Christopher Cole
|
Hedge funds crowding into the same trades
|
Quote
Artemis Capital Management, October 4th, 2012 , Christopher Cole
|
Philosophers and Markets
|
Quote
Artemis Capital Management, October 4th, 2012 , Christopher Cole
|
