Equities Lead Canyon Value To Strong February
The Canyon Value Realization Fund was up nearly 2% in February as doubts about the Comcast-Time Warner merger subsided
Michael Ide
Albert Edwards Calls Draghi The Bubble Blower Extraordinaire
Societe Generale’s Albert Edwards says that eurozone stocks have exploded thanks to ECB president Draghi’s asset price manipulation
Inspector General Slams Fannie Mae Over ‘Haphazard’ Practices
Fannie Mae’s Chief Audit position was filled in a couple of weeks, without an official process, by a candidate who isn’t fully independent
$1.5 Trillion In Debt Trading At Negative Yields
In theory, fixed income is supposed to give investors an easy way to get decent yields without putting their principal … Read more
Source On “QE 5” And The Economic Rollercoaster
The Source has increased its recommended cash weight from 3% to 7% because QE has increased asset prices and made returns less attractive
Payments Industry: 80% Of Bitcoin Volume Driven By Yuan, Says Goldman
A Goldman Sachs report explains how the interactions between four major trends show where the payments industry is headed
Default Risk Goes Up When Pension Plans Heavily Invest In Own Shares: Study
A new study shows that when a DC pension plan invests heavily in owncompany stocks the chances of default go up, putting employees in a bind
All Banks Pass DFAST, But Capital Return Plans Still Up In The Air
While every bank passed the DFAST, Zions could fail the CCAR on qualitative grounds and analysts disagree on what to expect from other banks
Albert Edwards’ Latest Worry, The Chinese Liquidity Tourniquet
Societe Generale’s Albert Edwards says that global liquidity is falling faster than the ECB can prop it up thanks to falling FX reserves
Stress Tests Becoming Less Informative: Study
Columbia researchers argue that as banks adapt to managing stress tests, the results tell us less and the tests themselves become less useful
The Worst Life Insurance Policy Ever Written
An unbelievable life insurance policy written decades ago for 50,000 francs could threaten Aviva’s solvency if upheld by French courts
Is Citi Seriously Recommending Synthetic Tranches?
Citi analysts expect investors to start levering up with synthetic tranches through gritted teeth because they need the yield
Viking Global Rewarded For Sticking With Walgreens
Viking Global had a much better 2014 than its peers, partially because it didn’t sell Walgreens after the stock price dropped last August
Citi Warns That QE May Be Deflationary
Citi analyst Mark King worries that QE won’t drive productive investment but will prevent unhealthy firms from going under
The World Can’t Devalue Against Itself, Says Bill Gross
Bill Gross says that QE pulled the US out of recession, but that the same trick might not work now that everyone is doing it
