Brazil
Currencies: The Last Piece of the Puzzle
First we reviewed the great bull/bear debate; then we gave a rundown of global stocks; last week we described our view of the positioning of the high-level asset classes. Today we’ll round out the high-level tour with some analysis of global currencies. Cash is of course one of the main Read more…
COVID-19
Growth, Growth Everywhere (Especially As Measured In Fiat Currency Units)
With further analysis of trial data, Pfizer [NYSE: PFE] has joined Moderna [NASDAQ: MRNA] in the 95% stratosphere of first-blush Covid vaccine efficacy. MRNA’s prospective vaccine, on the face of it, will be easier to roll out, since its storage requirements are not as onerous as those of PFE’s entry, Read more…
Abenomics
An Unexpected Opportunity in Asia
Looking for outperformance in Asia’s emerging economies can be a risky undertaking. The trade conflict between the United States and China is generating one set of uncertainties. More deeply, there is the problem of China’s fraught transition from an industrial-led to a consumer-led economy, and all the domestic political stresses Read more…
Banks
Market Summary for the Week of February 22, 2019
Market Summary for Week of February 22, 2019 This week we are keeping it short. We remain bullish on the U.S., and on several foreign markets. The U.S. market is still a buy, in our opinion. Breakouts of the type we have recently seen offer opportunity for higher U.S. stock Read more…
Japan
Japan Defies Its “Demographic Destiny”
Japan Defies Its “Demographic Destiny” With a population that is among the world’s longest lived and least fertile, Japan has long been seen by analysts as a leading case study in the disaster that supposedly awaits advanced nations with aging populations. That is, the economy will slow to a best-case Read more…
Asia
Market Summary For 2019
As we have done for decades, we are writing with our favorite global investments for 2019. This prediction is for the first half of 2019. If there is no world recession in 2019 and one is not expected for 2020, or if a good trade settlement is reached with China, Read more…
Japan
Why The World Is Buying Japanese Stocks
Japan’s Prime Minister Cements Power and Drives Japanese Stocks Higher On September 28, Japan’s main political opposition announced that it wouldn’t be fielding any candidates in the snap election that had been called by Prime Minister Abe. The Japanese stock market had been having an unexceptional year, lagging other global Read more…
China
June 19, 2015
Investment Summary World economic optimism is rising, and as a result, demand for government bonds is receding. Inflation is starting to be felt in some Asian countries, especially India. We note that new jobs and higher wages are a trend in the U.S., and we expect this trend to gain Read more…
Economics
June 12, 2014
Japanese Prime Minister Shinzo Abe Gets Support For Corporate Tax Cuts Japanese Prime Minister Shinzo Abe has struggled to maintain the momentum of the ambitious reforms he set in motion when his party came to power in December, 2012. Broadly, those reforms aimed to jolt Japan out of a decades-long period of Read more…
