prudent investor newsletters

The art of economics consists in looking not merely at the immediate hut at the longer effects of any act or policy; it consists in tracing the consequences of that policy not merely for one group but for all groups—Henry Hazlitt

Tuesday, June 25, 2013

JGB Watch: JGB Quiet, Dovish PBoC Overtures

The JGB market has been remarkably calm today even as other bond markets like the US endured commotions. Last night, yields of US 10 ...

Told You So on Philippine Bonds: Bond Vigilantes Strikes Back!

The thrashing of the Philippine asset markets has come in full circle; it’s not just equities and the peso anymore, the bond vigilantes hav...

China’s Banking System: Where there is Smoke, there’s fire

Yesterday China’s major equity bellwether the Shanghai Composite took a horrid nosedive This comes even as the PBoC increased “targe...

Monday, June 24, 2013

Quote of the Day: Fearlessness is not the same as the absence of fear

The fearless person is well aware of the fear she faces. The fear, though, becomes a compass, not a barrier. It becomes a way to know what...

Phisix in the Shadows of a Bursting Global Bond Market Bubble

The capital markets are desperate for continued hallucination. Central banks supply hallucinations. They create money, and the investing wo...

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