What’s up (or down) with the BDI?
By David Llewellyn-Smith Coal, iron ore and grain prices are all headed one way – up. Yet the Baltic Dry Index, the generally reliable gauge of demand for bulk commodities is collapsing. Last year the BDI correctly foreshadowed and tracked the mid-year slowdown in the global economy, despite being given short shrift by many bullish commentators seeking to rationalise an... Read More
The dominoes of inflation…
By Bear Feller. Over the last couple of months this column has been used as a forum to articulate my concerns over various risks to the economy and the markets, especially risks seen through a macroeconomic and geopolitical lens in an age where traditional methods of fundamental and technical analysis are proving to be less reliable. The biggest geo/macro risk I see to the ... Read More
A winter of discontent, a summer of stagflation…
By Bear Feller. As Christmas edges closer, the silly season is in full swing. Not only has your usually punctilious writer neglected his usual Tuesday afternoon deadline, but colleagues have been doing bizarre things at end-of-year parties, television has been getting steadily worse and the markets have been even further removed than usual from reality. Two cases in point... Read More
China’s undead growth
By David Llewellyn-Smith. The bubbling Chinese economy faces its own issues. Entrenched Bubbles scoff at “tinkering” and timid policymaking – and China’s Mighty Credit Bubble is proving no exception. Today, China’s Politburo released a statement proclaiming that next year they “will adopt proactive fiscal policies and prudent monetary policy.” The country’s officials... Read More
The Researched View: December 13
Every Monday morning we deliver a macro investing wrap of the best of the world’s content from domestic and international websites. Here’s what matters for the week ahead: ETFs get a little softer around the edges ETFs have been the subject of increasing discussion and controversy in recent months, and it shows no sign of slowing. Matt Hougan writing for Index Universe... Read More
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