Strategy, Leadership and Investment
July 23, 2020 This blog has run through a number of prior situations where the money runs out and asset prices take a hit. This morning another small example of the downside risks of staying invested just a little too long came to the fore. This morning a fund manager based out of South Africa… Continue reading When The Money Runs Out
July 23, 2020 There are so many things to write about and nothing good to say, but the facts are the facts and the implications may well prove to be difficult. For those that pull in their horns, there is a good chance that the repercussions of the current crisis may not be too uncomfortable.… Continue reading Jumbo Problems
July 22, 2020 It is with great regret that I wish to inform you that the 'V' shaped recovery many have been hoping for is not happening. Of course this isn't obvious to those who use the stock markets as a barometer of such things, but for economists, governments and central banks the answer is… Continue reading So Much For That ‘V’
July 21, 2020 As always, there is more good news today. Of course the EU agreed to their nearly two trillion euro recovery fund, so the demise of European society has been put off until the next crisis. In other good news, manufacturing in the US should get a boost as China and the US… Continue reading COVID-19 On the Decline
July 21, 2020 Today marked new market highs for US stocks, and the constant whine coming from this blog is probably annoying, grating on nerves perhaps, but it isn't without evidence. There is a lot wrong, certainly a lot more than there was back in February when the market was this high, but you wouldn't… Continue reading Systemic Risk
July 20, 2020 As the sun rises, financial markets are trying to put a positive spin on the latest data. The good news is everywhere! One of the most prominent pieces of good news is that the EU is working really hard to come to an agreement on a package of $1.850 trillion Euros of… Continue reading Going Back To Normal
July 18, 2020 Earnings are starting to roll in pretty quickly for the second quarter, and a quick review should highlight some of the damage being done by the COVID crisis. When you bring up headlines, however, things look pretty good. A more nuanced analytical review highlights a few issues which investors should be aware… Continue reading An Early Look At Earnings
July 18, 2020 [Updated from time to time - Last update July 18, 2020]. July 20 Update The hits keep coming. BJ Services (a fracking company) filed for Chapter 11 BBS - A German wheel manufacturer. Apparently the third time it has declared bankruptcy (reassuring for those who think Bankruptcy is always fatal!) July 18… Continue reading Bankruptcy Watch II
July 16, 2020 The earnings rush is upon the markets and markets are taking all of the results in stride. In fact, it looks like the world is running normally. Equity prices, which generally assume increasing revenue and increasing profitability, continue to inch higher. The S&P 500 is just 15 points below where it started… Continue reading Can You Repeat That?
July 12, 2020 With many distractions recently, the markets have been free to float around while associated commentary has been trapped and festering away from this blog space. But let's look around and see what's new. The Virus COVID-19 is coming under control in Europe, Canada and some other 'first world' societies, however the US… Continue reading Keeping Up
