The Probable End of the Euro
Plenty of market commentators are all over the trouble Greece is giving the euro. Even the EU’s leadership is now openly admitting the need to prepare for... Read »
Pocket of Strength: Turkey Retail Stocks Rally
To add alpha, we believe investors need to continually seek pockets of strength amidst today’s mire of pessimism. One bright spot we’ve seen lies just east of... Read »
China’s Exclusive Relationship with the U.S. Treasury Revealed
China can now bypass Wall Street when buying U.S. government debt and go straight to the U.S. Treasury, in what is the Treasury’s first-ever direct relationship... Read »
Greece is Not Real (It’s Nominal)
Lots of people believe the structural view of the current global recession; some of them are smarter than me. But everywhere I look I see more and more evidence... Read »
Fed Watch: Closer to Colliding
Each passing day brings the runaways trains closer to collision. The European strategy to scare the Greek people into voting for pro-austerity parties was always... Read »
Europe’s Depressing Prospects
Normally I don’t like to write about European prospects in the midst of a very rough patch in the market because in that case there isn’t much I can say that... Read »
Europe Overnight
European policymakers are trying to sway the vote in Greece. From the Financial Times: Senior European leaders are attempting to turn Greece’s repeat national... Read »
Is It Time To Develop Secret Antibiotics?
The world may end in fire; it may end in ice. Or it may end in strep throat. So-called “superbugs” – bacteria that have grown resistant to antibiotics –... Read »
The Impossible Hope of an End to Austerity
With French and Greek voters rejecting austerity, politicians are once again taking the government spending debate seriously. This column argues that the voters... Read »
China’s Oil Thirst Drives Everything
The China growth story is still sputtering, but some pillars take longer to collapse then others. PetroChina has just surpassed Exxon in oil production. The... Read »






