Category: Finance & Economy

The Dallas Pension Fiasco Is Just the Beginning

The recent blow-up of the Dallas Police and Fire Pension System, an event which is mathematically predictable and preordained, is just an opening act of what is to come for dozens of US local and state government pension plans in this coming decade.

February 1, 2017
In-depth topic: Monetary reset

Peak Savings: Wall Street Faces 20 Years Of Retirement Withdrawals As Boomers Hit 70 1/2

2013 will go down as the first year in which retirement accounts have greater distributions than contributions (i.e. net outflow) on a continuous basis.

February 1, 2017
In-depth topic: Demographics

The Hidden Trend Behind Population Growth

Even as the world’s population continues to expand, a significant countertrend has been evolving for decades below the surface with far-reaching implications for the global economy and our assumption on economic growth.

December 30, 2016
In-depth topic: Demographics

Trump, Russia and China

A likely change in attitude towards Russia and China with the incoming Trump presidency and administration would usher in some pretty farreaching new realities, both geopolitically and economically.

December 25, 2016

Monte dei Paschi: Bail-out Or Bail-in?

In the latest episode of the slowly unfolding European banking crisis, Italy is set to bailout with public money Monte dei Paschi, the country’s third largest bank, after the latest attempt to lure private investors to save the bank has failed. A €20 b …

December 21, 2016
In-depth topic: Bank bail-in

Share Buybacks 2016 Q2 Udpate

The latest FactSet report on S&P buybacks show the buyback frenzy in the past several years might have peaked.

November 30, 2016
In-depth topic: Peak debt

Household Debt Hits $12.4 Trillion As Subprime Loan Delinquencies Hit Highest In 6 Years: NY Fed

Latest snapshot of the US auto loans – subprime loans continue to rise while their delinquency rate deteriorates notably.

November 30, 2016
In-depth topic: Peak debt

End of Growth Rattles Our Economic Constructs

Conventional economists and monetary practitioners take it as gospel that economic growth is both a necessity for our well being and something which can be projected indefinitely into the future. The end of growth as we are now witnessing, then, would fundamentally alter the constructs upon which our economy is based, with far reaching impacts.

November 27, 2016
In-depth topic: Monetary reset

Huge free trade penalty against Canada

Government of Ontario lost its case in a private ISDS secret tribunal with its moratorium on offshore wind turbines. $28 million assessed.

November 20, 2016
In-depth topic: Investor State Dispute Settlement (ISDS)

Europe’s “Massively Over-Subscribed” Long-Dated Bond Bloodbath

The acute pain from the sharp rise in interest rates on the heels of the US presidential election upset is broadly felt across the fixed income markets this past two weeks.

November 20, 2016
In-depth topic: Monetary reset