In January of 2007, we made macro predictions about how to allocate assets for the coming 5 years in “Our Investment Calls for 2012.” Overall, our recommendations were pretty spot on as you can see from the table below.
One glaring area though where we were totally off is with interest rates. Boy, were [...]
Archive for the ‘U.K.’ Category
Risk still far from being priced into the market
Posted in Bankruptcy, Equities, Federal Reserve, Foreclosure, Gold, Herd Mentality, Interest Rates, Liquidity, Real Estate, Recession, Silver, Subprime, U.K., U.S. on January 29, 2008 | 1 Comment »
What amazes me is that investors are still bullish at the slightest bit of good news. Yet, they ignore the growing and very serious macro risks facing the global markets. The report on new home sales released today was an absolute disaster, yet the Dow was up 1.5% on rate cut hopes. [...]
2008 Market Predictions for Macro Investors
Posted in Currencies, Energy, Equities, Federal Reserve, Fixed Income, Gold, Herd Mentality, Interest Rates, Liquidity, Natural Gas, Oil, Peak Energy, Resource Wars, Silver, U.K., U.S. on January 15, 2008 | Leave a Comment »
This is our “Market Predictions” post from January 17, 2007. Other than declining interest rates (what is Bernanke thinking!), we were spot on with:
Gold
Silver
Falling US dollar
Oil
Natural gas
Agricultural commodities
The only other sectors we should have added to this list are (i) desalinated water and (ii) clean and “cleaner” energy (such as solar, wind, geothermal, biomass). [...]
Economy Hits a Rock
Posted in Bankruptcy, CMBS, Federal Reserve, Foreclosure, Herd Mentality, Interest Rates, Liquidity, Recession, Subprime, U.K., U.S. on September 21, 2007 | Leave a Comment »
September 20, 2007 (Socialist Party) – For ten years Gordon Brown has claimed that New Labour have created economic stability, overcoming capitalism’s “cycle of boom and bust”. In the last week this claim has been shattered.The Northern Rock crisis, the first full-scale bank run in Britain for over a century, has laid bare the reality [...]
Crisis Spreads from US Lenders to UK Hedge Funds
Posted in Currencies, ECB, Federal Reserve, Herd Mentality, Interest Rates, Liquidity, Recession, U.K., U.S. on August 11, 2007 | Leave a Comment »
August 11, 2007 (The Independent) – Ben Bernanke was cast yesterday in the role of firefighter, called to the scene to tackle wildfires that are springing up all over the financial system.
All sorts of companies are feeling the heat, not just at the source of the blaze – the market for home loans to low-income [...]
U.K.’s Subprime Crisis May Be Worse Than U.S.’s
Posted in Foreclosure, Herd Mentality, Interest Rates, Liquidity, U.K. on August 8, 2007 | Leave a Comment »
August, 8, 2007 — (Bloomberg) — We are now all familiar with the damage that can be done to financial markets by a subprime lending crisis. Global equity markets have taken a battering recently because of concerns about U.S. home mortgages.
So which country is next?
The U.K. has had a [...]
