Gold, Syria and Which Way Next?

Posted on Friday, August 30th, 2013

Emerging markets hot money is still taking flight. Hot money that was flowing into emerging markets in recent years has now reversed course along with FOMC policy. It conjures up images of 1997 and the Asian Financial crisis. Those hot money flows have also helped lift gold of late. As Americans it is difficult to read more.

Omens and Opportunities

Posted on Friday, August 23rd, 2013

It’s all about bond yields. Bonds have approached the 2.9% level on the US Treasury 10 year and that continues to take the wind out of the sails of the real estate and stock markets. New home sales were reported this morning to be down over 13% year over year. Will this lead to a read more.

Stand Your Ground?

Posted on Wednesday, August 7th, 2013

Howard Marks from Oaktree is out with another investor letter and as you know we read anything that comes across our desk from Howard Marks. Here is the money quote from his letter. Middle Ground. If the economy continues to recover and the Fed’s bond buying eases off, interest rates are likely to go further read more.