As a macro-based investor, I’ve always been much more focused on top down policies and themes that move economies— tax policies, regulations, job growth, environmental impact, all the way to the uncertainty of leadership change— rather than the minutiae of the latest quarterly report. In
The repurchase “repo” market is the function that deals with cash management in the bank-to-bank funding markets. You may have heard there have been some issues in recent weeks. It’s nothing investors need to worry about today, but it will be when the economy gets
The Iranian backed attack by the Houthi Rebels against critical Saudi crude infrastructure is clearly an escalation of negotiating tactics. The US led sanctions since breaking the Iran nuclear deal is economically painful for Iran. We also saw Iran flex their muscle in the Strait
The ECB is expected to cut overnight rates 10 bps to -0.5% and extend their QE bond buying program at this week’s meeting. Outgoing leader Mario “Whatever it Takes Bazooka” Draghi is being replaced by Christine “Whatever it Takes TBD” Lagarde next month. The debate
President Trump is not likely going to get a trade deal with China before the next election. He basically told us that on Friday, and it’s confirmed my market chatter today. What’s plan B? Currency wars. In studying the 1987 stock market crash, there we
Basic economic analysis looks at the relationship between demand and supply. There are two major ways prices move higher. And increase in demand (the good way) and decrease in supply (the bad way) in terms of the outlook for the energy sector. Back in 2014,
You no doubt have heard in recent weeks that the US Federal Reserve has shifted their bias from raising rates to cutting rates—perhaps aggressively as early as next week. How fragile is the global economy if the Fed needs to consider cutting rates while the
As a global relative value or growth at a reasonable price investor, I’m always looking around the world for the best potential returns adjusted for risk. One of the formulas I use for calculating return relative to risks consists of 3 parts. Capital Gain\Loss potential
One of my favourite TV personalities is Fareed Zakaria, host of GPS on CNN. In recent weeks he has taken on central banks and the bankers that “fixed” the world. Here’s why I think that while we are not out of bullets, the economy has
The public discourse around the fact that the coffers are bare needs to happen. I’ve been saying here on Berman’s Call and in my presentations for the past decade the “unfunded liability” of the promises is a dire problem that will bankrupt governments. I now