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Wall Street’s Latest Bounce – Ostrich Economics At Work – David Stockman’s Contra Corner 10-20-15

On October 20, 2015   /   ∫ – Profound Insight, Alan Blinder, Australia Economy, Bond Market, Brazil Economy, Canada Economy, Canada Real Estate, China Economy, David Stockman, Economics, Germany Economy, Global Economy, Mark Zandi, Oil & Gas, US Economy, US Stocks  

Salient to Investors: David Stockman writes: The price of financial assets is now artificial and wildly inaccurate. $300 trillion of global finance cannot remain stable much longer. Bulls believe the Fed is on hold until at least next March, while Wall Street is projecting S&P 500 earnings of $130 per share on an ex-items basis for

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Macquarie: Emerging Markets Are Not Facing a 1997-Style Crisis—They’re Facing Something Worse – Bloomberg Business 09-16-15

On September 16, 2015   /   Brazil Economy, China Economy, Emerging Market Economies, Global Economy, Malaysia Economy, Philippines Economy, Russia Economy, South Africa Economy, South Korea Economy, Turkey Economy  

Salient to Investors: Viktor Shvets and Chetan Seth at Macquarie said: Emerging markets and economies are in a worse situation than in the 1997 Asian financial crisis because they now face far longer, more painful and insidious disease with limited or no cures or exits, punctuated by occasional significant flare-ups. The effect

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This Is Not A Retest – Its A Live Bear! – David Stockman’s Contra Corner 09-03-15

On September 3, 2015   /   Bond Market, Brazil Economy, David Stockman, Global Economy, Investment Mathematics, US Economy, US Stocks  

Salient to Investors: David Stockman writes: US stocks are in a bear market. Honest financial markets would have sold off long ago, but for central bank falsification of asset prices. The S&P 500 is at 20 times trailing earnings as of June 2015: $97.32 per share versus $103.12 at the end of

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Forget The Dips, Sell The Rips – David Stockman’s Contra Corner 08-24-15

On August 24, 2015   /   Australia Economy, Biotech, Brazil Economy, China Economy, Commodities, Commodity Stocks, David Stockman, Economics, Global Economy, Industrials, Retail, South Korea Economy, US Economy, US Stocks  

Salient to Investors: David Stockman writes: The S&P 500 has sliced through both the 50-day and 200-day moving averages. 2130 on the S&P 500 will prove to be a generational high.  CAT, China, European luxury brands, the NASDAQ Biotech Index are shorts. Expect the Fed to announce they are well short of

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Back to Fundamentals in Emerging Markets – Project-Syndicate 08-13-15

On August 13, 2015   /   Brazil Economy, China Economy, Economics, Emerging Market Economies, India Economy, Turkey Economy  

Salient to Investors: Dani Rodrik at Harvard said: Emerging markets may be seen to be in deep trouble but do not deserve the doom-and-gloom treatment they are getting. Stronger economic headwinds ahead will make it easier to distinguish countries that have strengthened economic and political fundamentals from those that have relied

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Fareed Zakaria GPS – CNN 02-22-15

On February 22, 2015   /   Brazil Economy, Economics, Emerging Market Economies, Fareed Zacharia, Germany Economy, Global Economy, Middle East, Oil, Russia Economy, US Economy  

Salient to Investors: Fareed Zakaria said: There are 1.6 billion Muslims in the world of which perhaps 30,000 are members of ISIS. Sheri Berman at Barnard College says ideologies succeed when they replace failed ideas. ISIS has benefited from the failure of Pan Arab-ism, Republicanism, nascent efforts at democracy, economic liberalism and

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Zanny Minton Beddoes – Charlie Rose 02-10-15

On February 10, 2015   /   Brazil Economy, China Economy, Construction, Economics, Europe Economy, Global Economy, India Economy, Infrastructure, Iran Economy, Japan Economy, Nigeria Economy, Oil & Gas, Russia Economy, US Economy, Zanny Minton Beddoes  

Salient to Investors: Zanny Minton Beddoes at The Economist said: The economy’s fundamental drivers, particularly rapid technological change, means that the rewards disproportionately go to the top. The latest IMF research suggests that you get stronger and more lasting economic growth in societies that are more equal. The last time

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Where have all the Spaniards gone? – BBC News 10-03-14

On October 3, 2014   /   Brazil Economy, Chile Economy, Europe Economy, IMF, Latin America, Panama, Peru Economy, Spain Economy  

Salient to Investors: Fundacion Alternativas said 700,000 Spaniards left Spain between 2008 and 2012. The National Statistics Institute reports 547,890 left in 2013, 79,306 of them Spanish nationals born in Spain. Spaniards are fleeing 25% unemployment and flocking to Latin America, including Brazil, where language barriers are few, the cost of

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