Blackthorn Quarterly Letter Q2 2013

Posted on Friday, July 12th, 2013

The air goes out of the balloon much faster than it went in.  -Howard Marks Last quarter we talked about the madness of crowds and the fantastic gains put in for the market to start the year. If one were to extrapolate those gains to an annualized basis one could see that the pace of… read more.

Sorry, Banks, New Capital Rules Are Just the Start

Posted on Wednesday, July 10th, 2013

Many on Fed Want Further Jobs Improvement Before Tapering QE

Posted on Wednesday, July 10th, 2013