Deflation

Of Oil and Equities

I had an interesting conversation with a colleague this morning on the counterintuitive concept of higher energy prices being “good” for equities. For most of my career, the oft-repeated maxim was that higher energy prices were, on balance, a negative for the S&P 500.  Essentially, higher energy prices translate into lower margins for companies that…

Mauldin on Deflation or Inflation, Take Your Pick

It is not a matter of pain or no pain; it is a matter of choosing which pain we will face and for how long, and perhaps in what order. – John Mauldin, September 2009 We’ve talked about the Inflation vs Deflation debate a lot here on TRB this year, as I think that getting…

Leprechauns on Parade

Moment of truth time for the gold bulls and bears. The Will it or Won’t It Break $1000 polemic is every bit as suspenseful as the buildup to Ross and Rachel’s first kiss was during Season 2 of Friends. I don’t share investment ideas or make market calls on this site for compliance and business…

More Hot Links: Deflation, Trading & the LEAF

More Hot Links for Weekend Reading… Tadas frames the High Frequency Trading debate in Life (and trading) is Unfair.  Great post.  (Abnormal Returns) Pimco positioning for the Fed not raising rates until 2011!  Clearly, McCulley‘s in the Deflationista camp.  (Bloomberg) Scariest thing you’ll read all day:  1.5 million Americans running out of time on their…

Johnny Upside: I'll Buy Your Gold, Dog!

Johnny Upside is back…and he’s paying Cash for Gold! For those of you who haven’t met Johnny Upside yet, the last time we checked in with him, he was launching a distressed assets fund.  Prior to that, he was starting up a fund of fund of funds.  Johnny Upside has a knack for showing up…

"Green Shoots" Are For Pandas

Lets put some overused terms out of their misery, a la “Hay is for Horses”: “Green Shoots” are for Panda Bears “Bailouts” are for Leaky Boats “Bonuses” are for Arcade Games “Treasury Departments” are for Countries That Actually Have Money “TARPs” are for Major League Baseball Rain Delays “Deflation” is for Pool Floats “Swaps” are…