Tags » QE

Changing Return/Risk

According to EurekaHedge, Hedge Fund launches are down 30% from the 2015-2016 average.  Nobody should be surprised by this … with Central Banks buying every AAA security they can get their hands on (less $50m per month in the US), investing gets pushed out the risk curve.  227 more words

ECB expected to start trimming asset purchases

The ECB will say on Oct. 26 it will start trimming its monthly asset purchases to 40 billion euros from 60 billion euros in January, according to a Reuters poll of economists. 139 more words


Quantitative squeezing - what you need to know

Stock markets keep inching higher and people probably start thinking that nothing can bring them down. Real volatility has also dropped to new all time lows. 1,282 more words

Market Commentary

European Central Bank policymakers broadly agree to extend asset purchases

European Central Bank policymakers broadly agree to extend asset purchases at a lower volume at their October policy meeting with views converging on a nine-month extension, five people with direct knowledge of the discussion told Reuters. 247 more words


It is party and sake time at The Tokyo Whale as the Nikkei 225 hits highs

This week has brought a succession of news which will be welcomed by supporters of what has become called Abenomics and the Bank of Japan in particular. 1,382 more words

General Economics

The outlook for UK house prices is turning lower

Today brings together two strands of my life. At the end of this week one of my friends is off to work in the Far East like I did back in the day. 1,374 more words

General Economics

Bubble Juice? Shiller's CAPE Ratio Now Above 1929 Black Tuesday Level With Historically Low Volatility

Recently-minted Nobel Laureate Richard Thaler from University of Chicago confessed his puzzlement (and nervousness) at the historically low stock market volatility. 

Adding to Thaler’s puzzlement is that another Nobel Laureate, Robert Shiller, has a cycically-adjust price-earnings (CAPE) ratio that just exceed the level found on Black Tuesday, October 29 1929, that helped ignite The Great Depression. 62 more words