“You don’t need a weatherman to know which way the wind blows.” Bob Dylan As the world tries to figure out what to expect from a Trump presidency, it appears the market has reached its conclusion. With US 10y bond yields up 0.60% in November, the expectation is for stronger growth and higher rates. Investors, […]
Deutsche Bank (DB) has been making headlines and causing tremors in the markets. With flashbacks of the Lehman fiasco and concerns over contagion, investors are justifiably anxious. We thought we would wade through some of the noise and share our thoughts on the situation. Base case scenario Typically, the Department of Justice (DoJ) floats a […]
“The man who reads nothing at all is better educated than the man who reads nothing but newspapers.” Thomas Jefferson Every day we are bombarded with a barrage of news, delivered to us at breakneck speed. In theory, all this access to information should leave us more informed and better equipped to make decisions. But […]
“For every action, there is an equal and opposite reaction.” Isaac Newton The big, and perhaps most perplexing, question in fixed income land is: When will interest rates rise? Unfortunately, we broke our crystal ball a few months back and will have to rely on economic theory and a bit of physics to unwrap the […]
Do You Feel Lucky, Punk? | December 2016
“The more I practice, the luckier I get.” Arnold Palmer We grow up learning that success is the product of hard work and skill. What often gets overlooked is the role that luck can play; a factor that some economists believe has become increasingly important in our globalized, winner-take-all marketplace. Effort and talent are certainly […]