Tag Archives: Bubbles

The Broken Bond Market

The Fed tightens on Wednesday and bonds rally.  What the hay? GaveKal, Jeff Gundlach,  and Jim Bianco nailed it in that every spec and their mother are/were short 10-year Treasuries. Source: Quandl (see here for interactive chart) But this is … Continue reading

Posted in Bonds, Monetary Policy, Sovereign Debt, Sovereign Risk | Tagged , , , , , | 51 Comments

Quote of the Day – Last Great Bubble Popping?

The illusion of stock-market stability is fading, and the Last Great Bubble — faith in central banks — may be starting to pop.  — Michael A. Gayed

Posted in Equities | Tagged , , | Leave a comment

Word of the Day: Psycho-Economic

Mr [Robert] Shiller describes a bubble as “a psycho-economic phenomenon. It’s like a mental illness. It is marked by excessive enthusiasm, participation of the news media and feelings of regret among people who weren’t in the bubble.” They are often … Continue reading

Posted in Economics | Tagged , , | Leave a comment

Jeremy Grantham on Charlie Rose – Must View

This is a must view, folks. The first half of the interview, which aired yesterday, is dominated by a discussion of the natural resource constraints the world will be facing in the next decade. The real macro gems begin at … Continue reading

Posted in Interviews, Video | Tagged , , , | 4 Comments