fbpx

dividends

Happy Mother’s Day Mr. Bernanke

By |2013-05-12T16:43:56-04:00May 12th, 2013|Economy, Federal Reserve/Monetary Policy, Markets, Stocks|

In light of the current low interest rate environment, we are watching particularly closely for instances of "reaching for yield" and other forms of excessive risk-taking, which may affect asset prices and their relationships with fundamentals. It is worth emphasizing that looking for historically unusual patterns or relationships in asset prices can be useful even if you believe that asset [...]

Financial Impulsion

By |2013-03-31T23:26:19-04:00March 31st, 2013|Economy, Federal Reserve/Monetary Policy, Markets, Stocks|

You've probably read about financial repression in which governments or their agents interfere in the market in an effort to reduce debt. The most obvious recent example is the Fed and other central banks interfering in bond markets and suppressing interest rates. While these central banks generally justify this act on the grounds that it will help the economy as [...]

Companies Spending Money Badly

By |2013-03-06T16:36:51-05:00March 6th, 2013|Markets, Stocks|

Stock buybacks hit a record last month according to this post from Cardiff Garcia at FT Alphaville quoting a Birinyi Associates post:             We recorded $117.8 billion in buyback authorizations during the month of February, representing a 103% gain over the same period in 2012 ($118 bln vs. $68 bln). February was the largest month, [...]

Fed, ECB Do Nothing, Markets Don’t Crash

By |2012-08-06T10:40:43-04:00August 5th, 2012|Economy, Federal Reserve/Monetary Policy, Markets, Taxes/Fiscal Policy|

There's an old saying on Wall Street that the market will always act in a way that frustrates the majority of market participants. If that is true, then it goes without saying that the majority must be bearish because this market has had ample opportunities to move lower and steadfastly refuses to do so. Coming into last week the conventional [...]

Go to Top