When I was growing up in the Soviet Union, our local grocery store had two types of sugar: The cheap one was priced at 96 kopecks (Russian cents) a kilo and the expensive one at 104 kopecks. I vividly remember […]
Looking at the internal corporate numbers for European auto manufacturers, 2016 was a reasonably positive year. Used car availability was generally low, resulting in relatively more attractive new car values. In the US truck and SUV sales held up overall […]
There are “16 things from 2016” that investors need to know for 2017, a Bank of America Merrill Lynch report notes, as it speculates volatility will rise and the “low vol stock bubble in 2016 is at risk regardless of […]
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Just as Moody’s lowered its outlook for asset managers to negative, Bank of America Merrill Lynch is calling the current scenario the “poorest environment for active managers in history.” “Markets remain fragile as a dearth of alpha drives low conviction […]
The market is a dynamic ecosystem, or a community if you prefer, with many participants interacting with each other and with the market itself. One trader’s or investor’s behaviour doesn’t change the market, but get more and more behaving in […]
Absolute Return Letter for the month of December 2016, titled, “A Lesson In Microeconomics – How To Get The Economy Going Again.” “There is a delusion that macroeconomics is both viable and useful – a delusion encouraged by its extensive […]