Hedged.Biz

  • Disclaimer
  • About Us
  • Articles
  • Home
  • Articles posted by Burnham Banks
  • (
  • Page 5
  • )
December 10, 2019

Author: Burnham Banks

Hello. I’m Burnham Banks and I studied economics in the late 80s and early 90s. I’m still studying economics today and am still no wiser. This blog is a journal, a record of my thoughts and experiences. If we are destined to repeat our mistakes, we should at least repeat them faithfully. If not, then perhaps the past is a mischievous guide and we should try something new.

Investment Outlook 2019. Short View. Long View. Inflexion Point.

Monday, 28 January 2019 | 3:43 pm by Burnham Banks
The last decade The last decade has seen a remarkable recovery in asset values, and a reasonable recovery in economic growth. The deployment of QE, rate cuts and bailouts were useful in the crisis years for ensuring the functioning of the financial system and the emergency funding of the economy. This prescription has not been
Read more
  • Published in Articles
No Comments

Synchronized global slowdown? Weak ISM manufacturing data.

Friday, 04 January 2019 | 10:06 am by Burnham Banks
The latest ISM manufacturing number declined sharply from 59.3 to 54.1, a disappointing number, but not an unexpected one. Manufacturing is global whereas non-manufacturing is more domestic. Given the weakness in manufacturing PMIs in Europe and Asia, it was surprising that the US manufacturing PMI was so resilient. A decline was to be expected. In
Read more
  • Published in Articles
No Comments

What changed in Oct 2018 and what is the short term outlook for 2019.

Wednesday, 02 January 2019 | 8:00 am by Burnham Banks
In order to understand what will drive markets in 2019, we need to understand what changed in October 2018 that caused the market to decline. The Fed miscommunicated policy. In early October, Fed Chairman Powell signalled to the market that Fed policy would be tight, saying that rates were far from neutral. This was change
Read more
  • Published in Articles
No Comments

Leveraged Loans. Time to Start Buying. In Stages.

Thursday, 13 December 2018 | 2:09 pm by Burnham Banks
Leveraged loans have been one of the best investments in the last decade, on a risk adjusted basis. Using the S&P LSTA Index as a gauge, the 10 year annualized return has been 8.9% with a volatility of less than 1%. The high yield bond market, proxied by the iBoxx HY index has returned 9.6%
Read more
  • Published in Articles
No Comments

The Bad Case Scenario. How Markets and the Economy Could Suffer.

Monday, 10 December 2018 | 4:07 pm by Burnham Banks
Just to be clear, this is not my base (highest probability) case but market volatility is at the point where it is useful to consider what could go wrong, what if we are wrong about our base case, and how far could reality be from our expectations. To reiterate, the global economy is actually in
Read more
  • Published in Articles
No Comments
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8

Ten Seconds Into The Future

“Hello. I’m Burnham Banks and I studied economics in the late 80s and early 90s. I’m still studying economics today and am still no wiser. This blog is a journal, a record of my thoughts and experiences. If we are destined to repeat our mistakes, we should at least repeat them faithfully. If not, then perhaps the past is a mischievous guide and we should try something new.”

Meta

  • Entries RSS

Featured Posts

  • Efficient Oppressors

  • Fools are to Society as Carbon Control Rods are to Nuclear Reactors.

  • US Drug Approval Process – Extracted from various sources. For Personal Reference Only.

  • Thoughts after 2 weeks Off The Grid. November 2019.

  • Thoughts From The Bar Stool…

  • Inequality. QE. Trade War and More.

  • Bad news is good. Bad news is bad. Which one holds is arbitrary.

  • A little change is coming…

  • Yield Curve Inversion. The Fed. The QE Trap.

  • The Limits of Monetary Policy? The Price of Fiscal Policy.

  • ECB to disappoint. Lagarde expects fiscal policy to do the lifting.

  • Inequality

  • Recession yes, but not from the Inverted Yield Curve

  • China US Trade War, Trade – War

  • A Very Simplified Market Outlook 2019 2H

  • Speciation and Extinction. Human Influence on Biodiversity.

  • 2019 The Markets So Far and What Next.

  • Volatility: Long Term Investors Can Skip This Post. Central Banks Vs Slowdown.

  • What Flavour of Capitalism Is This?

  • What exactly are Alternative Investments?

  • Investment Outlook 2019. Short View. Long View. Inflexion Point.

  • Synchronized global slowdown? Weak ISM manufacturing data.

  • What changed in Oct 2018 and what is the short term outlook for 2019.

  • Leveraged Loans. Time to Start Buying. In Stages.

  • The Bad Case Scenario. How Markets and the Economy Could Suffer.

Categories

  • Articles

Archives

  • RSS FEED

Copyright 2018 © Hedged.Biz All rights reserved

TOP

Send this to friend