Blog
Feb. 21 - Paul Schulte, CEO & chairman at Schulte Research, says India's policymakers are allowing the rupee to depreciate which has, in turn, led to inflation. In an interview with ET NOW, Schulte says India's twin deficits combined are worse than that of any other emerging market economy.
Blog
I have known Peter Stella for 6 years now. In 2011, he was bravely saying that QE would become MORE aggressive and would last way into 2014. A great call. As the former liaison to central banks from the IMF, he has had a great seat in the brave new world of QE. What's he saying now? He is our guest writer this week. GLOBAL. Growth in the US, EU and Japan is significantly below [...]
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UBS GETS IT. The bank outsourced most of its patchwork of multiple platforms (mostly fixed income) and appointed disruptors Murex and Ion. This is supposed to save UBS hundreds of millions and shed thousands of jobs. This is further evidence to show how smaller firms are able to go head to head with banks and erode the foundations. THAT UBS IS SURRENDERING TO THIS IS A GOOD THING. Other banks don't get it.
Blog
It is Christmas time, so we thought we would just have a presentation with red and green dots showing the best and worst locations in the world for real estate. This also, of course, shows up safe and unsafe collateral. From bright red (extreme valuations) to dark green (ultra-cheap), we spent a couple of months cataloguing the world’s major cities and laid it out for more than 160 cities. The results are below. The best [...]
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China is universally hated, despised, trashed. No one owns it. There is a large structural short in China. There are China bear funds all over the place. Where are the Brazil or Russia or India bear funds? There aren’t any, even after atrocious multiyear performance, endemic corruption, appalling mismanagement, and mounting bad debt problems in India, Brazil and Russia. Wait until the Russians get the $50bn bill for the Sochi Olympics. It is naive to [...]
