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Monthly Archives: June 2013
BIS boss to central banks: time to back down
The Bank of International Settlements (BIS), the banker to the world’s Central Banks, this weekend released its 83rd annual report. The conclusions are candid, reasonable and precisely what liquidity-addicted markets and traders were not expecting to hear [ever]. After 6 … Continue reading
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Equity market mean reversion: progress continues
This week accomplished some important downside work in the necessary mean reversion of over-valued “defensive” equity sectors and markets. The below chart is an update showing the gap that is slowly closing between the cycle leaders: energy, materials and mining … Continue reading
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China growth dipping into danger zone
A preliminary manufacturing survey shows further contraction in China; adding to signs that the world’s number two economy is losing steam and growth may be dipping into the danger zone. Here is a direct video link.
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