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Monthly Archives: August 2016
Long-always bias writ large: 5.8% cash levels, highest since 2001
A recent survey from Bank of America Merrill Lynch reinforces my comments (see: Captive money is not ‘smart’ for investors) about the fee-maximizing bias of financial firms to have client capital fully allocated to risky assets at all times: last … Continue reading
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Haunting testimony on ‘preposterous’ proposal to remove Glass-Steagall
Foreboding blast from the past in this 1998 testimony. If only the politicians had listened, we would not be back full circle to today’s ongoing 1930’s style financial crisis. Instead under Greenspan’s hubris and leadership at the Federal Reserve, policymakers … Continue reading
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Danielle on This Week in Money
Danielle was the second guest with Jim Goddard on This Week in Money, talking about recent developments in the world economy and markets. You can listen to an audio clip of the segment here by advancing the playbar to 20:00.
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