Visualizing Abenomics – Japan’s Dangerous Experiment

The early effects of the reform program have triggered a surge in the Japanese stock market, accelerated by the anticipation of growth revival. So far, so good for the markets and traders. But how will Abenomics accommodate public debt of over 200% GDP… [...]

5 Things To Ponder Over Thanksgiving

Submitted by Lance Roberts of STA Wealth Management, With the "inmates in charge of the asylum" during this holiday shortened trading week it seemed to be an apropriate opportunity to share a virtual cornucopia of topics to consider while enj… [...]

Howard Marks: "Markets Are Riskier Than At Any Time Since The Depths Of The 2008/9 Crisis"

In Feb 2007, Oaktree Capital's Howard Marks wrote 'The Race to the Bottom', providing a timely warning about the capital market behavior that ultimately led to the mortgage meltdown of 2007 and the crisis of 2008 as he worried about "c… [...]

The Top Ten Market Mysteries

To paraphrase Mark Twain, “It isn’t the stuff you don’t know that will kill you – it’s the stuff you’re sure about but is totally wrong that will do you real harm.”  As a corollary to this fateful phrase, Convergx’s Nick Colas has collected a … [...]

Chart Of The Day: How In Five Short Years, China Humiliated The World’s Central Banks

The concept of the “liquidity trap” is well-known to most: it is that freak outlier in an otherwise spotless Keynesian plane, when due to the need for negative interest rates to boost the economy (usually resulting from that other inevitable Keynesian … [...]

Chart Of The Day: How China’s Stunning $15 Trillion In New Liquidity Blew Bernanke’s QE Out Of The Water

Much has been said about the Fed’s attempt to stimulate inflation (instead of just the stock market) by injecting a record $2.5 trillion in reserves into the US banking system since the collapse of Lehman (the same goes for the ECB, BOE, BOJ, etc). Eve… [...]

Spoiler Alert: Godot Never Shows Up

Submitted by Ben Hunt of Epsilon Theory The 18th Brumaire of Janet Yellen One of the more painful lessons in investing is that the prudent investor (or ‘value investor’ if you prefer) almost invariably must forego plenty of fun at the top end… [...]

There is No Such Thing as a Smooth Fed Exit

  The primary theme driving US stock markets, is that of whether the Fed will taper or not. The mere fact that this is the single most important theme for the markets goes a long way towards explaining how busted our financial system has become. B… [...]

"We Will Soon Learn How Strong The QE Trap Has Become"

Submitted by Derrick Wulf via NoEasyTrade blog, Reading between the lines of recent Fed communications, it’s becoming increasingly clear to me that the Fed wants to exit its quantitative easing policies as soon as possible. Though they’re l… [...]

5 (+3) Themes For The Next 5 Years

The following five themes (and three bonus ones) are what UBS Andrew Cates believes will be of the greatest importance for global economic and capital markets outcomes for the next five years. There is little to surprise here but the aggregation of the… [...]