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Home‘Sponsored Video: The Global Economy’
Posted by Larry Doyle on May 16th, 2012 11:46 AM |
I receive an endless number of overtures from outlets looking to have me promote their products. I have always declined. . . until now. Why? I use and live by the product in this commentary. As such, I welcome endorsing it!! LD
I start every day of the week in the same manner. How is that?
I go out my front door, pick up the newspaper and settle down to what I believe is the best periodical in the market today. Which is that?
The Financial Times, or as I and many people like to call it, the FT. (more…)
GPI Shows a “Very Clear Deflationary Trend”
Posted by Larry Doyle on October 12th, 2010 3:04 PM |
Are you scratching your head wondering about the title of this commentary? Are you wondering if I inadvertently mistyped and should have written CPI for Consumer Price Index? Is it possible that I meant to write PPI for Producer Price Index? Am I somehow opining on a new found capability of the fabulous GPS navigation devices? A resounding no to all of the above.
I have been a big proponent of the work produced by Rick Davis of Consumer Metrics Institute. Recall that Rick captures real-time internet related discretionary consumer purchases to measure the overall health and pulse of our economy. As much as some may question the correlation of Rick’s work and the economic reports released by the crowd in Washington, I am a big fan of his work. I strongly encourage people to follow him. Why do I broach this topic?
Do you trust our Washington establishment to provide real truth and display unquestioned integrity in our economic releases? You don’t? Neither do I. Aside from monitoring Rick’s work, are there other broad based, independent vehicles with which we can measure economic data? (more…)
What Wall Street Secrets Will FCIC Reveal?
Posted by Larry Doyle on September 2nd, 2010 10:06 AM |
Information is everything.
There is no doubt that the development of the internet and a wide array of websites has led to a significant increase in the amount and quality of information accessed and processed by many. That said, there is also no doubt that there is an equally aggressive, if not public, effort to protect information, privileged or otherwise. Industry and company specific trade secrets can often be the key to developing and maintaining a hard earned competitive edge in the marketplace. I fully support and appreciate those ‘secrets.’ On the other side of this coin, though, there are ‘secrets’ which can often be the key to unlocking bad practices, if not much worse.
On this note, after a day’s worth of travel yesterday, I was particularly intrigued to read the Financial Times’ Probe Chief to Issue Wall Street Data. A few comments. Why is it that the FT’s electronic delivery entitles this article as such, while the hard copy entitled it, Probe Chief to Issue ‘Secret’ Wall Street Data? That one little word, ‘secret,’ is exceptionally powerful. What is Wall Street hiding? Why are they hiding it? Who specifically is hiding it? Do the secrets entail illicit and fraudulent activities? So many questions. (more…)
What Happens When Investors Lack Trust?
Posted by Larry Doyle on August 6th, 2010 1:05 PM |
Think the structure of the equity markets is broken? With the preponderance of equity volume now dominated by high frequency trading and true retail investors fleeing in droves, what do people think the chances are that we could experience another Flash Crash as we saw on May 6th?
Last evening, The Wall Street Journal ran an online poll on this topic in Legacy of the ‘Flash Crash.’ I have to admit, I was surprised by the results. Did you get concerned witnessing the 1000 point ‘whoosh’ in a very short time period on May 6th? An overwheming number of pollsters believe it can happen again.
With our computer-drive stock market, could a “flash crash’ happen again?
The China Syndrome circa 2010
Posted by Larry Doyle on June 17th, 2010 8:15 AM |
With ongoing issues here in the U.S. and more so in Europe, clearly global investors need to focus more on investing in Asia generally and China specifically, correct?
I do not disagree that investors need a global perspective, but as with any investment let’s open our eyes and assess risks before diving into the deep end of the pool. Remember, Wall Street analysts touting Asian investments are in the business of selling products. Let’s navigate further and find some independent analysis.
Today’s Financial Times provides just that from Michael Pettis, a Senior Associate at the Carnegie Endowment for International Peace and a finance professor at Peking University’s Guanghua School of Management, where he specializes in Chinese financial markets.
Brits Teach America Lesson on Credibility and Transparency
Posted by Larry Doyle on June 14th, 2010 2:25 PM |
Spending money one does not have and making promises one can not keep is no way to run a business let alone a country.
The changing of the guard at 10 Downing Street has also brought about a change in the willingness of the British government to face these realities. The reality of the British economy may not be pretty but it is real and it will not change based purely upon false hope and government artifice.
The Financial Times highlights the ‘tough love’ and ‘financial rigor’ that the regime of new British Prime Minister David Cameron is serving the British populace.
(more…)
Why Are Interest Rates Headed Higher?
Posted by Larry Doyle on March 1st, 2009 3:57 PM |
While our domestic stock markets are down approximately 50% over the last 14 months, there has been a rush of cash into short term money market funds, government bond funds, and in the last few months corporate bond funds and municipal bond funds. As I mentioned in my February 2009 Market Review, I am increasingly nervous about bond investments at this juncture. Why? I’m glad you asked.
1. Primarily due to the massive global government funding needs which are just starting to hit the market. In a recent piece, the highly regarded Financial Times projects global government debt issuance to TRIPLE in 2009.
German Prime Minister Angela Merkel is concerned about European countries looking to tap the markets on or near the same dates. She is proposing global coordination of debt issuance so as to insure that rates are not DRIVEN higher. (more…)
Does Larry Need a Stimulus?
Posted by Larry Doyle on February 25th, 2009 4:37 PM |
The Financial Times reported that Larry Summers fell asleep on the podium this past Monday at the Financial Responsibility Summit:
Although Lawrence Summers, head of the National Economic Council, fell asleep on the podium, most attendees, including Republicans, appear to have appreciated the exercise.
While I know that some of this material can be a little dry, one would hope it is not putting Larry to sleep!!
I’ll admit I fell asleep once or twice in science class, but I always made sure I was in the back of the room. Perhaps Larry already felt comfortable with the material.
You can’t make this stuff up…I only hope he passes the test!!
LD
