by admin

Hi everyone, Thanks again for the invitation Markus and Dino. It’s great to be part of such a nice mélange, and I hope that I would be able to powder the blog with the best of my academic insights on the markets.As I often define myself like an inflation guy (a persistent habit coming from [...]

by admin

Asset prices creep up and down most of the time, but periodically they lurch. Commodities and currencies have lurched this month, breaking long-term price ranges and forcing us to reassess some core assumptions. Are high commodity prices a function of the weak dollar? Or is it the other way around? The chart below shows that [...]

by Markus

The Market.Melange Team is expanding again. We proudly present and warmly welcome: Gregory Gadzinski Gregory is a full-time researcher at the Hedge Fund Research Institute (HFRI / Monaco) and Professor of Finance and Economics at the International University of Monaco (IUM). He was Assistant Professor of Economics, Chair for International Economics (Cologne) led by Prof [...]

by admin

After a couple of strong sessions in the US, Russia will come back from its three day weekend quite strongly today. Each positive session draws in more investors, but most Russia funds (including our Pilgrim Russia Investment Fund) have considerable cash positions. As the markets rally, there are less short-term reasons to sell, and cash [...]

by admin

In my selective bulls perception I have found two articles, one from Diane Swonk (12.02. / Chief Economist of Mesirow Financial) and one from David Malpass (20.02. / Chief Global Economist of Bear Stearns). Both are reasoning a bright second half 08 (Malpass even a recovery in Q2) with a valuable macro & microeconomic analysis. [...]

by Markus

The American economy faces the mother of all meltdowns – says Martin Wolf – but equities are cheap, so you should buy. But not so fast. Equities are cheaper than they were three months ago – some 14% cheaper at Friday’s close than their all-time high of 1565 reached in October – but that doesn’t [...]

by admin

by Markus

A good article from Martin Wolf (FT), summarizing bearish arguments in the market by quoting the super bear Nouriel Roubini. Worth reading: click here