Sober Look

With the so-called "currency wars" escalating after Beijing's recent devaluation and China's growth stalling , investors...

Here is further evidence that in this environment treasuries are driving "risk asset" valuations. Corporate HY bond spreads are ...

Merrill conducts a periodic survey of US institutional money managers. One area the survey focuses on is a set of questions on the so-call...

In recent decades financial bubbles have been plentiful. From the US housing to the global uranium markets, bubbles seem to be simply inev...

This Sober Look post  discusses the reality of unsecured EU bank bonds that are expected to have zero recovery due to the so-called "...

Ian Stewart published an article today in the Guardian describing how Black-Scholes contributed to the 2008 financial crisis. He concludes...

There are numerous ways to measure how easy the monetary policy is at any particular time. Quantitative easing aside, one can look at the o...

A while back we discussed signs of an asset bubble building in China. Let's now take a glance at China's government contribution...

Here is a quick follow-up to our post on China called Fresh signs of China's asset bubble . Looks like the Chinese government is taking ...

As we discuss earlier ( Pegged renminbi will be hard to internationalize and Asia, the next big bubble ), China's loose monetary policy...