bubbles

At the end of 2018 the US Federal Reserve backflipped on their plans to continue hiking interest rates. Why? Well to put it simply, it seems that they underestimated the effects that tightening monetary policy would have across asset markets. Show More

Marcus Padley

You may have seen an article recently about the head of the Dutch central bank, Klaas Knot, who is also a governor on the ECB, saying that “the picture resembles that of the period before the financial crisis”, that we are “about to witness a brutal collapse in asset prices”.... Show More

Livewire News

You can count on one hand the number of successful macro investors in the world. Howard Marks, founder of the $100 billion Oaktree Capital, generally doesn't play at this game, but is there ever a time to get out of the market? "When there's a demonstrable bubble. When psychology is... Show More

Livewire News

Jeremy Grantham, co-founder and chief strategist of the USD120 billion asset allocation specialist GMO, has released and fascinating and candid letter to investors this quarter. He is well known for having accurately called the Tech Bubble and the US Real Estate Bubble. “Giant bubbles are easy to spot statistically but... Show More

Glennon Capital

The South Sea Company would have appeared to the investors of 1720 as a fantastic opportunity to profit from a monopoly on trade with South America. In fact it was to become a lesson in mania, woeful corporate governance and corruption at the highest levels of government. Show More

Livewire News

Bubbles and the corruption of risk. I have previously warned that the combination of the demographic avalanche of retiring baby boomers, low interest rates and a disproportionately large amount of their wealth in cash would mean that stocks and property would continue to rise for a while. I call it... Show More