Erik Townsend and Patrick Ceresna welcome Daniel Lacalle to MacroVoices.
Continue reading Synchronised Global Growth Was Always A False Narrative (Interview at Macro Voices)
Category Archives: On the cover
Market crash? Another red card for the economy
A few months ago I wrote this article at the World Economic Forum called “A Yellow Card For The Global Economy“. It tried to serve as a warning on the rising imbalances of the emerging and leading economies. Unfortunately, since then, those imbalances have continued to rise and market complacency reached new highs. Continue reading Market crash? Another red card for the economy
Reframing The Risks And Opportunities In Rates (Guest Post)
This is a guest contribution by Seth Levine, CFA.
Many have commented on the froth that they see across the investment markets. To be sure, I’ve contributed my share to this growing collection (see here, here, here, and here for a few). Finding value in the “Everything Bubble” –to borrow a phrase from Jesse Felder–has been undoubtedly difficult. Many have sought the shelter of sovereign bonds. Continue reading Reframing The Risks And Opportunities In Rates (Guest Post)
The US Ten-Year Shows The Extent Of The Bond Bubble
“Only when the tide goes out do you discover who’s been swimming naked.” – Warren Buffett
The US 10-year bond has reached, at the close of this article, a yield of 3.2%, the highest since 2011. As inflation in the United States picks up, the economy grows well above consensus estimates and unemployment falls to the lowest level of the last fifty years, it is only normal that the Federal Reserve rate hikes are confirmed. Continue reading The US Ten-Year Shows The Extent Of The Bond Bubble