• Fixed Income Markets

    —February 12, 2014

    The fixed income market sure has changed in the last couple of months. A couple of months ago brokers were calling constantly with offers of short maturity bonds with decent yields – 5 to 7%. Today, I am getting calls on bonds that mature in 10 years and yield 2%. How can you get excited [read more…]

  • About China’s Rebalancing

    —August 29, 2013

    We pay attention to the “growth” debates about China. Aside from arguments (important, for sure) about when or if mounting bad debt from poorly conceived infrastructure projects and ebullient property markets will crater GDP growth, the larger debate concerns the impact on the economy from its rebalancing. An insightful addition to this debate comes from [read more…]