Tag Archives: Bubbles

Time For Some Context, Again

Money Fueled Bubble Speculative manias gather speed through expansion of money and credit. Most expansions of money and credit do not lead to a mania; there are many more economic expansions than there are manias. But every mania has been … Continue reading

Posted in Black Swan Watch, Economics, Equities | Tagged , , | 10 Comments

Two Charts Keeping Us On The Beach

I’ve seen fire and I’ve seen rain.  I’ve seen manias the public thought would never end. Until they do. This ain’t our first rodeo.  We have seen these types of asset bubbles many times during our career, especially when you … Continue reading

Posted in Equities, Housing, Inflation/Deflation, Uncategorized | Tagged , , , | 10 Comments

Beware Mocking Bubbles & Bears

Once again, seeing lots of articles and talking heads mocking bubbles and the bears, which is usually a sign a big bubble is going to burst.  The last time we saw this kind of taunting of the bears was three … Continue reading

Posted in Equities, Uncategorized | Tagged , , | 15 Comments

The Broken Bond Market

The Fed tightens on Wednesday and bonds rally.  What the hay? GaveKal, Jeff Gundlach,  and Jim Bianco nailed it in that every spec and their mother are/were short 10-year Treasuries. Source: Quandl (see here for interactive chart) But this is … Continue reading

Posted in Bonds, Monetary Policy, Sovereign Debt, Sovereign Risk | Tagged , , , , , | 58 Comments

Quote of the Day – Last Great Bubble Popping?

The illusion of stock-market stability is fading, and the Last Great Bubble — faith in central banks — may be starting to pop.  — Michael A. Gayed

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Word of the Day: Psycho-Economic

Mr [Robert] Shiller describes a bubble as “a psycho-economic phenomenon. It’s like a mental illness. It is marked by excessive enthusiasm, participation of the news media and feelings of regret among people who weren’t in the bubble.” They are often … Continue reading

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Jeremy Grantham on Charlie Rose – Must View

This is a must view, folks. The first half of the interview, which aired yesterday, is dominated by a discussion of the natural resource constraints the world will be facing in the next decade. The real macro gems begin at … Continue reading

Posted in Interviews, Video | Tagged , , , | 4 Comments