Two weeks ago Alibaba (‘BABA’), China’s biggest e-commerce company, marked the biggest IPO (initial public offering of shares to the public) in history. The company raised some $25 billion (Visa was s...
“Well, I have a message for the Scots: Be afraid, be very afraid. The risks of going it alone are huge. You may think that Scotland can become another Canada, but it’s all too likely that it would en...
A couple of weeks ago we had the central bank “rock-star concert” in Jackson Hole. There we heard Federal Reserve chairwoman Janet Yellen start yelling about the labour market following the Great Rece...
“It will fluctuate.” - JP Morgan, when asked what the stock market will do.
Last week the market took a beating. It shouldn’t, however, change anything you are doing as a true investor. In fact, a g...
It is said that ‘demographics are destiny’ and this is certainly a theme that figures into our economic assessment of Bermuda and one that we have discussed many times in the past. By now no one on th...
All nations’ economic progress through time can be decomposed into four fundamental components:
1) Population growth — We have discussed this many times in different forms. Basically if you have more ...
Do you remember when you were young and your parents and teachers taught you the importance of sharing? If you have your own kids now, you are probably teaching them to share as well. Sharing does mak...
A few random ramblings on the markets and the macro investing situation to start the week:
Iraq
The turmoil and chaos in Iraq is putting a bid under the energy markets. This of course is helping to es...
Lower for Longer?
“The stock market is never obvious. It is designed to fool most of the people most of the time.”
-- Jesse Livermore
Remember when everyone called for higher rates? Recall when it wa...
When you are in a hole the first thing you need to do to get out is stop digging. Ladies and gentleman, it looks like we have finally stopped digging (furiously, at least). While the economy has contr...
