Tuesday, April 30, 2019

30/4/19: Journal of Financial Transformation paper on cryptocurrencies pricing

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Our paper with O’Loughlin, Daniel and Chlebowski, Bartosz, titled "Behavioral Basis of Cryptocurrencies Markets: Examining Effects of...
Tuesday, April 23, 2019

23/4/19: Income per Capita and Middle Class

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New research reported by the Deutsche Bank Research shows that, on average, there is a positive (albeit non-linear) relationship between t...

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

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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...
Monday, April 22, 2019

22/4/19: At the end of QE line... there is nothing but QE left...

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Monetary policy 'normalization' is over, folks. The idea that the Central Banks can end - cautiously or not - the spread of negati...
Monday, April 15, 2019

15/4/19: One order of "Bull & Sh*t" for the U.S. Labor Market, please

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The 'strongest economy, ever'... Despite a decade-long experiment with record-low interest rates, despite trillions of dollar...
Wednesday, April 10, 2019

10/4/19: Rewarding Reckless Risk Pricing, Again

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Markets are supposed to be efficient. At least, on the timeline that allows to price in probabilistically plausible valuations of the firm...

10/4/19: Russian Foreign Exchange Reserves and External Debt

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As recently posted by me on Twitter, here are three charts showing the evolution of Russian foreign reserves and external debt: Rememb...

10/4/19: How US Tax Inversions Affect Shareholder Wealth

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Our article on how corporate tax inversions impact shareholders' wealth is now available on Columbia Law School blog:  http://clsblues...
Saturday, April 6, 2019

6/4/19: Industrial Production and Global Trade are Tanking

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The great convergence of simultaneously declining global trade flows and industrial production: Via topdowncharts.com The trend is a...

6/4/19: Student Loans: The Bubble Is Still Inflating

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A neat chart from Bloomberg summarizing the plight of student debt overhang in the U.S. economy: In effect, education is the most lev...

6/4/19: BRIC Services Lead, Manufacturing Lag Global Growth Momentum

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I have blogged recently on BRIC and global PMIs for manufacturing and services , covering the data for 1Q 2019, as well as monthly PMIs f...

6/4/19: U.S. Tax Compliance Costs and Lobbying

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Not a fan of The Atlantic  on a range of topics, especially geo-politics, but a great write up on the relationship between tax accounting ...