Stages of secular bear markets

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Although I am not a big proponent of averaging data across multi-year cycles, an analysis of the various stages of a typical secular bear market by strategist Teun Draaisma provides food for thought. […]

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The rhyming of history – Bloomberg and the RFC

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“If the Fed is required to publish the names of financial institutions to which it has extended credit and this publication induces financial institutions to refrain from borrowing from the Fed, one can only speculate if this would be the tinder for another liquidity conflagration in the coming months,” said Paul Kasriel in this guest post. […]

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The dream shall never die …

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R.I.P. Ted Kennedy. […]

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