Stock Market Dispersions: European Example
Monday, 17 August 2009 | 12:47 pm
Here is an analysis of the dispersion of returns in the various sectors of the European equity markets as defined by the Stoxx sub sector indices. Dispersion here has been defined as the standard deviation of returns across the constituent stocks in a Stoxx sector index. I looked at 2 year daily data as well
- Published in Articles
No Comments
Economic Recovery, of Sorts
Monday, 03 August 2009 | 5:41 am
See my earlier article A Return to Boom and Bust, where I argue that product and asset markets will be driven by liquidity and leverage and monetary policy in the short to medium term due to the extraordinary circumstances we find ourselves in in the aftermath of the bursting of the great credit bubble. Monetary policy
- Published in Articles
A Return To Boom and Bust
Friday, 24 July 2009 | 9:35 am
Does the printing of money by central banks inevitably lead to inflation? Is there good inflation and bad inflation? Quantitative easing is now underway in most developed countries in some form or other, most notably in the US, UK and Europe. It hopes to make up for the decline in transactions for a
- Published in Articles
Great Leaders
Wednesday, 22 July 2009 | 6:58 am
The mark of a great leader is that he or she leaves a company, country or other organization strong enough to stand on its own without their continuing influence or indeed choice of successor. Redundancy is the ultimate test. Some potentially great leaders do in fact succeed in this respect, yet fail to recognize their
- Published in Articles
Inflation Deflation Trades
Friday, 17 July 2009 | 8:32 am
Inflation/deflation doesn’t turn on a dime. Inflation/deflation expectations turn on a dime. Time to put on curve flatteners in US 2s and 10s, and 2s and 5s.
- Published in Articles