This post will be an all encompassing update of things that have caught my eye over the past month. The ECB, the IMF & Christine Lagarde Christine Lagarde, the head of the IMF, was selected to be the next president of the European Central Bank (ECB) and secured the backing of the European Parliament…
You may have noticed in the news lately that there are a lot of concerns about Deutsche Bank (DB), Germany’s largest bank, so I thought it would be helpful to explain what all the fuss is about. Last week, Angela Merkel said that there will not be a bail out and this morning there are…
I haven’t written on the blog in about two weeks because we’re in the middle of quarterly earnings. There is a 2 or 3 week stretch each quarter where I’m pretty busy listening to the earning’s conference calls of the companies we own as well as other companies I’m looking into. The good news is…
I find it fascinating that the stock market is still so fixated on stimulus (more quantitative easing), which says a lot about the nature of the global economy. Stocks posted a pretty strong rally yesterday after the European Central Bank (ECB) hinted at increasing their QE program. Then, this morning, the futures were driven even…
Things are heating up between Greece and the rest of Europe and time is quickly running out without a solution. There are really only two solutions: Greece either 1) leaves the Eurozone and returns to the drachma which will rapidly lose value as they once again have the ability print as much as they want,…
In short, things look clear to continue another year or two, and possibly longer but it’s just too tough to see out beyond that right now. I am becoming increasingly concerned about stocks in the short-term though. The Volatility Index (VIX), which measures expected volatility of the S&P 500 over the next 30 days, is…