Tag Archive: ZIRP ZERO INTEREST RATE POLICY

Ad Hoc Commentary – Yellen honeymoon ends

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Can we have a show of hands? Who believes the official unemployment numbers? Who believes the official inflation rate? Who believes that a group of very intelligent individuals uses the above to determine… Continue reading

Market Thoughts – How About Secular Complacency ?

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The noisy minority continues to bleat … “secular stagnation”, “complacency”, crash, crash, crash is coming. “secular stagnation” was brought up by Larry Summers in December last year and I have been quite a… Continue reading

Equity Wednesday : If You Can’t Improve Earnings, Then Improve the Earnings Per Share

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Share buybacks – boon and boon and boon. Earnings surprises are at a 3 year high at 70.4%  but nowhere near the 2009 levels where 80% of companies beat earnings estimates. And here… Continue reading

Uncertain Times

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As I have commented on before, markets are by their basic nature always uncertain, even when the real world can seem so black and white sometimes. And as I have said before, perceived… Continue reading

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

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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