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  • India's External Debt Rose Again In September: Impact On The Indian Rupee [View article]
    Interesting presentation of India's capital accounts/flows, though I'm not convinced it supports your INR/USD 2015 yr-end target - thanks.
    Jan 3, 2015. 05:02 PM | Likes Like |Link to Comment
  • Do Falling Oil Prices Raise The Threat Of Deflation? [View article]
    Mortgage payments don't decrease for current mortgages when the value of an existing home or new home cost decrease. There is no future savings for those mortgagors. That's not the case with the ongoing purchase of gasoline, where consumers continue to recognize savings each time they fill up after a drop in price.
    Jan 1, 2015. 08:16 PM | Likes Like |Link to Comment
  • India Did Well In 2014, But 2015 Is Unlikely To Be The Same [View article]
    "I hope you find my articles interesting and informative." - This one is both.
    Dec 31, 2014. 05:48 PM | Likes Like |Link to Comment
  • Good Riddance To QE: It Was Just Plain Financial Fraud [View article]
    "It doesn't need to balance income and outflow, so why should it issue debt..." - Right, and there's no need for an annual budget or silly things like trust funds. We could also terminate all federal employees involved in accounting, budgeting, auditing, and taxation (smaller government!). The notion of "Excess Federal spending" would become irrelevant, as would all expectations of discipline and accountability. How about some amendments to the Constitution allowing the legislative and executive branches to just "wing it" and for the establishment of a new currency, the U.S. "Carte Blanche."
    Your right to vote greatly exceeds your capacity to think.
    Nov 13, 2014. 09:01 AM | 1 Like Like |Link to Comment
  • The Bull That Is Buy Low, Sell High [View article]
    I find the author's reasoning and perspective clear, and a useful alternative view for gauging the financial markets for at least the next several weeks. - thank-you
    Oct 6, 2014. 11:45 AM | 1 Like Like |Link to Comment
  • Pass On Currency Hedged Emerging Market ETFs [View article]
    Sound presentation of fundamental concept with practical application - thanks
    Oct 3, 2014. 06:00 PM | Likes Like |Link to Comment
  • U.S.-Russia Trade [View article]
    "The troubling fact is that the liberal-dominated mainstream media has "invested" so much in Obama's being successful that it is almost impossible for them to agree that his presidency has failed. "

    It's not just the media that has propped him up. The October 2009 Nobel Peace Prize award is a prime example of O'bama getting credit for oratory, the only thing it seems he's good at, rather than achievement.
    Aug 9, 2014. 07:36 AM | Likes Like |Link to Comment
  • Brazil Giving Up Another Goal? [View article]
    "As many SA members know, Mexico City has banned driving certain days for certain cars. It works. Try that in the USA. No way. It would be castigated as socialist by the conservatives." - Oh yeah, non-conservatives all either use mass transportation, walk, or bike for commuting and shopping. And, they don't own businesses dependent on our auto-centric economy. So, they'd embrace such a program. Maybe camels are a viable least in Mexico City.
    Jul 13, 2014. 09:52 AM | Likes Like |Link to Comment
  • 16 Good Reasons To Be Wary Of A Market Downturn [View article]
    Reductio ad Hitlerum
    Jul 12, 2014. 01:14 PM | 2 Likes Like |Link to Comment
  • The Equity Risk Premium Is Still High [View article]
    "However, I see no evidence that bond yields are artificially low. Bond yields are historically low because inflation expectations are historically low." - This doesn't appear to be true for shorter terms. Example, the 5-Year Treasury Constant Maturity Rate has been below the CPI most of the time period since 01/01/2010. It only exceeded ( up to .5%)for a only few months during 2013 ("Taper Tantrum").;category_id=

    That implies that ZIRP & QE have depressed bond yields for 5-year and shorter terms. It also lends support to the common assertion that bond buyers are taking greater risk by buying longer term bonds (yield chasing) thereby flattening the yield curve.

    Bond yields may be historically low because "inflation expectations are historically low" And because of sustained accommodative monetary policy.
    Jul 4, 2014. 01:54 PM | Likes Like |Link to Comment
  • Inflation As A Deeper Concept [View article]
    "If you start with a hypothetical and highly stylized example of a household that devotes 10% of income to a generic energy good, after 20 compounded periods where energy prices grow moderately at 2% but income grows at only 1%, by the end of the study period the amount of income devoted to energy has risen to 12% of total income. Change the terms to a 3% price change for that same income stream, and by the end proportionality has grown now to 14.5%.".....
    "Such price erosion for given income also means forgoing spending in other areas or searching for substitutes. Both are downstream impacts of redistribution and almost never lead to positive economic outcomes in the aggregate"
    May 31, 2014. 11:59 AM | Likes Like |Link to Comment
  • Russia's Dollar Reserves And Putin's Visit To China [View article]
    Apparently, China looks really good from Canada.
    May 17, 2014. 12:44 PM | Likes Like |Link to Comment
  • Bond Prices Rise As Fed Tapers - Markets Perplexed! [View article]
    So, the Fed has not been able to effectively employ the Portfolio Balance Channel since the start of the Financial Crisis? The QE's and ZIRP have merely provided a surplus of liquidity to the domestic and global systems, and enabled managing the orderly "revaluation" of creditors' impaired assets (thereby restoring systemic stability)?
    May 8, 2014. 01:37 PM | Likes Like |Link to Comment
  • 4 Reasons Businesses Could Begin Spending Again Soon [View article]
    From a song sung by an alcoholic, who likely died from a drug overdose - an appropriate metaphor for debt, QE & ZIRP excesses.
    Mar 22, 2014. 11:25 AM | 2 Likes Like |Link to Comment
  • Is The VIX Calling A Top? [View article]
    " Ideally, China's capital markets would not be trusted with such global responsibility until they are more mature, however that is not the case and so we must deal with the realities of this situation. " - Ideally, the trusted and responsible USA wouldn't have caused the 2007-08 Global Financial Crisis. However, that is not the case and so now everyone must deal with the realities of the situation.
    Mar 20, 2014. 12:12 PM | Likes Like |Link to Comment