2012 June

Alhambra Research Note: Applying Macroeconomic Sense to Europe

By John L. Chapman, Ph.D.     June 27, 2012    Washington, D.C. Ahead of the European Council’s meeting this week, which will solve absolutely nothing in the Eurozone other than assuage the rather massive egos of the likes of the new French premier, the level of nervous chatter about a serious global recession borne of a Eurozone .. read more

On June 29th, 2012, posted in: Economy, Investing, Markets, Politics by

Passive Investing

By Patrick Manning, Head of Strategic Investments: Recently my grandson who is 21 and my nephew who is 22 have expressed an interest in the stock market. Of course I encouraged both of them to pursue this interest, but suggested they first start by doing it in a play money account, rather actually investing. They .. read more

On June 29th, 2012, posted in: Investing by

Thinking Things Over: This Week’s Historic ObamaCare Ruling and What It Means

Thinking Things Over   June 24, 2012 Volume II, Number 25:  This Week’s Historic ObamaCare Ruling and What It Means By John L. Chapman, Ph.D.     Washington, D.C. The Supreme Court is set this week to announce its decision on the challenges brought by 28 states to the Patient Protection and Affordable Care Act of 2010, otherwise .. read more

A Closer Look: Commodities

The GSCI Commodity Index ((GSG)) consists primarily of Energy (71%), but also contains Agriculture (14%), Industrial Metals (7%), Livestock (4%), and Precious Metals (4%). The Dow Jones-AIG Energy Total Return Index ((JJE)) consists of Natural Gas, Crude Oil, Heating Oil, and Unleaded Gas. The DJ-AIG Grains Total Return Index ((JJG)) consists of Corn, Wheat, and .. read more

On June 24th, 2012, posted in: Commodities, Weekly Update by

Snapshots Of Dysfunction In A Fiat Money World

By Jeffrey Snider, CIO, Atlantic Capital Management of Florida: In a world awash with digital fiat money, this constant need for liquidity measures is sometimes hard to reconcile with the sheer amount of digital monetary units created in the months since October 2008.  But real liquidity is far more than quantity. When the banking world .. read more

Your Word Is Your Bond

From friend of Alhambra Brian Cronin: Greece is old hat for the time being. The world held its breath until the Greeks had their say. The center right pro-bailout party won with 80 seats (plus another 50 for coming in first) and by midweek a new coalition government was sworn in under New Democracy leader .. read more

On June 24th, 2012, posted in: Currencies, Politics by Tags: ,

The Apocalypse Bubble

There is a lot to worry about these days and no shortage of individuals capitalizing on that fact. If you think the Mayans knew something about the cosmos that modern star gazers haven’t figured out there are numerous websites that will assist you in deciphering the workings of the long count. If you believe the .. read more

Alhambra Research Note: Does the New Data Show a Slowing Economy?

By John L. Chapman, Ph.D.     June 24, 2012    Washington, D.C. The Federal Reserve met this past week, and in his post-meeting press conference, Chairman Ben Bernanke reiterated that a tepidly growing U.S. economy is going to run in slow motion for a long time.  Other U.S. data out recently, combined with the continuing slow train-wreck .. read more