Daily Archives: December 10, 2013

In a financial world that banks on the magic of central bankers and only ever sees upside, growth disappointments are always “unexpected”… Japan’s growth slowed more than an initial estimate in the third quarter while the country posted an unexpected … Continue reading →

Many commentators are praising “gains” in US household wealth over the past 3 years of central bank support. But as we look at this chart of US household net worth as a percentage of after-tax income, over the past 15 … Continue reading →

Good far reaching discussion: Bill Gross, co-chief investment officer at Pacific Investment Management Co., talks about the outlook for the Federal Reserve’s program of quantitative easing, the state of the credit markets, investment strategy and the future of the City … Continue reading →