Currently viewing the tag: "Bill Gross"

The last couple of weeks have been very interesting. Remember that, certain regional differences aside, Japan has, for the past two-plus decades, been the global trendsetter in terms of macroeconomic deterioration and monetary policy. It was the first to have a major housing and banking bubble, the first to see that bubble burst, to respond […]

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 Apologies if the title of this Schlichter-file sounds somewhat arrogant but after the events of the past three weeks I may perhaps be forgiven for feeling a bit emboldened in my views. Of course, this is often the point at which the pendulum swings in the other direction and developments take a slightly different turn, […]

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Is the global ‘recovery’ faltering? Is the United States economy heading for a ‘double-dip’? These are the headlines after recent disappointing economic data releases, in particular the weak employment report last Friday. Truth be told, there never was a proper ‘recovery’, if the term is to denote a process of true healing, of fundamental betterment. […]

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Psychologists should have no problem explaining our tendency to readily attribute success in investing or trading to skill and not luck. This tendency is rather pronounced and one of the reasons behind the now frequently decried ‘bonus culture’ in the finance industry. I remember many instances where one or two good years in the markets […]

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No, dear reader, I am not developing an obsession with Bill Gross, America’s most prominent bond manager. I know I wrote about him just recently but this morning I already received a number of messages from friends in the bond business alerting me to another missive from the famed ‘bond-king’. Here it is. So this […]

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The United States government is bankrupt. Not the country. Not the people. Not the private sector, at least not all of it. But the U.S. state is finished. Most of the individual states are probably bankrupt, too, but the federal government for sure is. When the market and then the broader public wake up to […]

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