making sense of the narrative
June 14, 2021
We have been talking about Private Equity since the early days of this blog, but more recently here and here, where we asked an update to the famous Fred Schwed question “Where are all the (Private Equity) Customers’ Private jets? Read more…
May 31, 2021
Hot on the heels of our new Thematic slot at CitiWire, we were asked to do one of our semi regular pieces this weekend for the highly regarded Australian publication AFR. Below we reproduce the draft sent in as the Read more…
May 24, 2021
It looks like the ‘don’t trust the dollar’ crowd have switched from Crypto to Gold, which is going up as the others go down., but there are other forces at play. Crypto is a challenge to both monetary and fiscal Read more…
May 10, 2021
Last Friday’s Non Farm Payrolls were seen by markets as ‘weak’ and supportive of a ‘no inflation scenario’ leading to a sell off in the US$. However, in our view, this is 180 degrees the wrong way around. The lack Read more…
April 20, 2021
Short term Uncertainty and Medium Term Risks While we continue to puzzle over official pronouncements on the pandemic, markets are nevertheless thinking about growth, inflation and asset allocation. One of the issues challenging asset allocators in particular at the moment Read more…
April 12, 2021
The following is the text of an article submitted to Australian Financial Review – albeit with a title added by us. We do this on a regular basis, but since it is behind a paywall many of our readers can Read more…
March 29, 2021
Arch – Egos? We like to look for nominative determinism where we can find it, so to see that the over-leveraged US Hedge Fund that was forced to aggressively de-leverage on Friday was called ArchEgos was too good to miss. Read more…
March 15, 2021
We like to think of the market moving in a variety of ‘herds’, with the opportunities for the biggest herd, the long term investor, being presented by the behaviours of the other two, the Asset Allocators and the short term Read more…
March 1, 2021
The post below is the outline text sent for an article in the Australian Financial Review (AFR) looking at the triple threat faced by bond markets. As our recent posts have suggested, we see Bonds as the biggest short and Read more…