Have bond investors really gone mad this time?
Just recently, the following graph hit my Twitter timeline (courtesy @TihoBrkan). It shows that the yield on Eurozone high yield bonds is now equal to the yield on the 10-year […]
Have we seen peak EUR?
The euro is up 12% against the USD this year. We haven’t seen this kind of euro appreciation for quite some time, as the ECB was the last central bank […]
Why Does the Bitcoin Fork Make You Richer?
As a traditional investor I’m intrigued by what has happened with Bitcoin in recent days. Because the bitcoin community, developers, miners, exchanges, and so on, couldn’t agree on how to […]
Calm before the Storm?
Markets are unnervingly calm these days. During the last six months, the realized volatility of the S&P 500 Index fell to the lowest level in more than half a century. […]
Betting on rising volatility is a loss-making strategy!
Equity market volatility is low. Hence, recommendations to invest in volatility are abundant again. But before you pursue such an investment, let me warn you first. Because, making a profit from such an investment strategy requires perfect foresight. On average, a long position in volatility is a very unprofitable strategy. Especially, when volatility is low! […]
Bitcoin As An Asset Class – An Update
Bitcoin is making headlines every day. Investors are increasingly treating it as a new asset class, sometimes referring to it as gold 2.0. But how does bitcoin stack up as an asset class?
Productivity Puzzle Solved: Central Banks, Again!
Productivity growth has dropped to alarmingly low levels. And not just in the US, where the figure has remained below 1% in recent years(!), but also in France and the […]
Bitcoin As An Asset Class – An Update
Bitcoin is making headlines every day. Investors are increasingly treating it as a new asset class, sometimes referring to it as gold 2.0. But how does bitcoin stack up as an asset class?
CAPE – the good, the bad and the ugly
The CAPE ratio, or Cyclically Adjusted Price Earnings ratio, is making headlines again. The stock market valuation indicator developed by Nobel laureate Robert Shiller is giving many investors headaches. But, […]
The Week in Charts – Week 16
Some of the major events in financials markets this week shown in charts.
