Wait. Worry. Oil at over 100 usd is bound to irritate the American SUV driver. When oil was at 147 usd in 2008, inflation was 5% and the world was a wonderful place. Yet we worry now when inflation is 1.6%. A high oil price is, however, a brake on economic growth. There are complex

Bernie Madoff alleged that JP Morgan “had to know” about his fraudulent scheme. Forget about JP Morgan.  Many of the victims of Madoff were just dishonest. Madoff never hid the fact that his fund was self custodied and administered. He got investors to look the other way by suggesting that he was front running his own

Inflation: I had written about inflation in October 2010, cautioning that the output of the central bank’s printing presses would inevitable lead to rising prices. Today, inflation is one of the main concerns in the global economy. Its not ideal but it is far from a catastrophe. Some inflation is healthy and the economy can

Volatility: After 9 years of trading, Singapore hedge fund Artradis is shutting its doors. At peak Artradis ran over 4 billion USD. Today with assets of just over 500 million Artradis has decided to close.

The macro outlook is benign and it seems that the fiscal and monetary policies of the world have brought about some kind of normalcy and equilibrium.