market risk

Digging In To The Mess of Fund Flows

By |2014-05-12T15:55:44-04:00May 12th, 2014|Federal Reserve/Monetary Policy, Markets, Stocks|

I normally don’t pay much attention to mutual fund flows as they don’t have nearly the explanatory power or relevance in what is surely a more complicated and topographically inconsistent “market.” Equity mutual funds are no longer the primary measurement tool of “small” investor demand. That does not mean, however, that unusual events cannot contain something more than passing interest [...]

Follow Up Thoughts On Market Risk

By |2013-12-31T12:30:37-05:00December 31st, 2013|Bonds, Economy, Federal Reserve/Monetary Policy, Markets, Real Estate, Stocks|

As we ponder 2014’s headwinds and reminisce about the bubble/not bubble in stocks, there is one more factor to add to my note from yesterday about the time value of assets. For simplicity’s sake I kept all the calculations as nominal; no need to introduce complexity when the elegance of simple math made the point very nicely. Despite record highs [...]

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