Blame The Weather, Then Blame The War – Lower Expectations, Higher S&P 500


The world has caught on the game and even central banks are long equities. Life is all about expectations and meeting them. When your expectations are low, you will always be happy and… Continue reading

Ad Hoc Commentary – Monetarists should sit back and let Keynesians do infrastructure


Larry Summers, perhaps best known for making foot-in-mouth remarks about women while a Harvard president, had recently remarked in polite circles that: “…we may well need in the years ahead to think about… Continue reading

It’s Official – Asset Bubbles Are Back


We have had a lot of mentions of “BUBBLES” in the headlines for the past week which started with Larry Summers at the IMF and Nobel laureate Paul Krugman who came out immediately… Continue reading