Blog: Recognition for Dr. Harry Markowitz - the Founder of Quantitative Finance.
Harry Markowitz was not just the father of Modern Portfolio Theory.
Topic
Economy
A collection of 107 issues
Blog: Yet another "new normal" for inflation and interest rates?
The stock and bond markets have spoken. We are now in a persistent environment of 4% to 5% inflation and corresponding interest rates. While the phrase “new normal” has roots back to World War I and has been used by people as disparate as market guru, Mohammed El-Erian and science
Blog: Complacency - What doesn't kill inflation gets ignored.
Entrenched inflation expectations are what the Fed's trying to kill. So far, no luck.
Blog: The VIX thinks the Fed genie will grant the market's wish.
Across the globe investors are hoping the Fed genie will keep everyone safe. But I, for one, am not betting on it.
Blog: An El Nino level regime change for the markets?
In the Market Climatology section of the Hypertext Book, I use the El Nino Southern Oscillator (ENSO) as an example of a climate level regime change. It appears that ENSO is undergoing such a regime change, from La Nina, which just ended, to El Nino, which will probably start in
Newsletter: Murphy's Law Meets Hyman Minsky
As Gilda Radner said, "It's always something."
Blog: The Debt Limit-The end of trust and the “risk-free” rate?
Trust is what's at stake with the debt limit.
Blog: Is a Fed "pause" good news or bad news?
Once again we’re hearing that the end is near for Fed tightening. It’s hard to say whether that's a good thing or a bad thing.
The optimists say:
1) Inflation has fallen significantly from its highs by most measures,
2) Credit conditions have tightened in the
Blog: Is Equity Risk Declining? Or is it just wishful thinking?
The falling VIX may be a sign that “fear” is declining. But risk has multiple dimensions and its other facets don't agree.
Blog: The Road to Stagflation
Stagflation is a stop along the road from growth to recession. But it's still a nasty place, and it's now a strong possibility.