Archive for the 'Domestic Fixed Income' Category
Lance on Aug 25 2008 | Filed under: Asset Allocation, Commodities, Developing Markets, Domestic Equities, Domestic Fixed Income, Emerging Markets, Energy, Federal Reserve, Global Equity, Global Fixed Income, Housing Market, Metals, Risk, Valuation, economy, real estate
Hedge Fund manager Doug Kass has some questions that clients should ask of their advisors. I should point out that everybody has a bad year, I assume we will have a point where we will have to ask these questions in a harsher light of ourselves. However, these questions can separate those who you might [...]
Lance on Jul 07 2008 | Filed under: Asset Allocation, Domestic Equities, Domestic Fixed Income, Economics, Risk, economy
Heavier hitters than myself are slowly lining up to put out estimates of the total losses from the credit crisis more in line with my thinking. Welcome aboard!
Using far more “off the cuff” methods than Nouriel Roubini, the IMF, Jeremy Grantham, John Hussman, UBS, John Paulson or Goldman Sachs, I have been expecting the starting [...]
Lance on Feb 21 2008 | Filed under: Domestic Equities, Domestic Fixed Income, Economics, Federal Reserve, Global Fixed Income, Government policy, Housing Market, Risk, economy, monetary policy
Martin Feldstein, stepping down from heading up the National Bureau of Economic Research since 1977, has piece in the Wall Street Journal that is rather pessimistic about the economic outlook. More tellingly he thinks the recession, if it occurs (and like me, he suspects it has already begun) will be more difficult to stimulate our [...]
Lance on Feb 07 2008 | Filed under: Asset Allocation, Domestic Fixed Income, Risk
When assessing risk it always pays to assume that whatever risks you identify there are others associated with them that you haven’t. I pointed out the other day a risk that was associated with my outlook over the last year and a half that I hadn’t seen ahead of time. Here is another.
These trades were [...]
Lance on Feb 04 2008 | Filed under: Domestic Fixed Income, Federal Reserve, Risk, economy
Much of what has been happening over the last year in the credit markets was foreseeable, if not assured. I will admit though, I hadn’t really considered this aspect.
A while back MBIA, AMBAC and other monoline insurers backed sleepy municipal bond portfolio’s. Having entered, and then become ensnared, in the broader credit markets, they face [...]
Lance on Jan 29 2008 | Filed under: Absolute Return, Asset Allocation, Commodities, Developing Markets, Domestic Equities, Domestic Fixed Income, Great Investors, Hedge Funds, International Equities, Managed Futures, Portable Alpha, Relative Return, Risk
Finally it is the long-term investor, he who most promotes the public interest, who will in practice come in for most criticism, wherever investment funds are managed by committees or boards or banks. For it is in the essence of his behaviour that he should be eccentric, unconventional and rash in the eyes of average [...]
