Showing posts with label asset bubble. Show all posts
Showing posts with label asset bubble. Show all posts
Thursday, June 18, 2020

18/6/20: Cheap Institutional Money: It's Supply Thingy

›
In a recent post, I covered the difference between M1 and MZM money supply, which effectively links money available to households and inst...
Monday, June 8, 2020

8/6/20: 30 years of Financial Markets Manipulation

›
Students in my course Applied Investment and Trading in TCD would be familiar with the market impact of the differential bid-ask spreads ...
Tuesday, February 25, 2020

25/2/2020: No, 2019-nCov did not push forward PE ratios to 2002 levels

›
Markets are having a conniption these days and coronavirus is all the rage in the news flow.  Here is the 5 days chart for the major indic...
Sunday, September 1, 2019

1/9/19: Priming the Bubble Pump: Extreme Credit Accommodation in the U.S.

›
Using Chicago Fed National Financial Conditions Credit Subindex (weekly, not seasonally adjusted data), I have plotted credit conditions m...
Tuesday, April 23, 2019

23/4/19: Property, Property and More Property: U.S. Household Wealth Bubble

›
According to the St. Luis Fed, U.S. household wealth has reached a historical high of 535% of the U.S. GDP (see:  https://www.zerohedge.co...
Wednesday, March 6, 2019

6/3/19: Expectations Sand Castles and Investors

›
As raging buybacks of shares and M&As have dropped the free float available in the markets over the recent years, Earnings per Share (...
Tuesday, November 20, 2018

20/11/18: Bitcoin's Steady Loss of Fundamentals

›
Base rate fallacy is one of the key behavioral heuristics or biases in economics and finance, defined as a cognitive error whereby too lit...
Sunday, June 17, 2018

17/6/18: ECB's Shift of Gears Presents Another Set of Risks

›
My article for Business Post from Friday covering ECB's latest announcements on QE and interest rates:  https://www.businesspost.ie/op...
Sunday, April 8, 2018

7/4/18: Markets Message Indicator: Ouuuuch... it hurts

›
An interesting chart from the VUCA family, courtesy of @Business: 'Markets Message Indicator', created by Jim Paulsen, chief...
Sunday, November 19, 2017

19/11/17: The Next Global Financial Crisis

›
My column for Cayman Financial Review on how the stage has been now set for the next Global Financial Crisis is available at  http://www.c...
Saturday, October 14, 2017

14/10/17: Happy Times in the Rational Markets

›
Two charts, both courtesy of Holger Zschaepitz @Schuldensuehner: In simple terms, combined value of bond and stock markets is c...
Wednesday, September 9, 2015

9/9/15: MSCI World EV/EBITDA ratio: Happy Bubbly

›
In the lightness of being inhabited by the world's investors, no valuation is a bubble, until it is officially declared to not be a bu...
Thursday, January 1, 2015

1/1/2015: Tech Bubble 2.0 & the Irrelevant VCs

›
Very interesting take on the growing irrelevance of the VC sector in terms of tech funding and tech valuations bubble:  http://www.institu...