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He says that, temporarily, cash is a good place to have your money, as one is adequately compensated. However, he doesn’t think these interest rates will be sustained at the current rate, as the global debt dynamics start shifting. Additionally,…
Mr. Bianco shows multiple graphs to support this thesis, but the first ones are deceptive. While showing a surge in the shorting of the Treasury market – which on the surface would indicate a general positioning for lower rates in…
Mr. Frank gives an example of a family office being offered two premier office properties in Manhattan that still aren’t priced low enough. Mr. Greene thinks the worst is yet to come for Class B and C properties as well…
Mr. Cooperman also says that the S&P 500 is trading at 19 or 20 times earnings – too high, i.e., the equity risk premium is too low. He also doesn’t see a recession on the near horizon, just eventually. As…
The economy is strong, and we have supply issues, specifically, oil. Dr. El-Erian and Mr. Bianco seem to be in the same camp for rates continuing to rise and a resiliently strong economy. Dr. El Erian isn’t worried about stagflation…
Competition is still fierce. The I-will-buy-your-house mailers still stream in. Some of the overleveraged are selling into the market, but there aren’t any screaming deals anymore, and if there are, they get bid to low returns with lots of improvement…
Mr. Lyngen is making a colossal call in the face of data indicating higher long term rates – for longer. He believes the lag effects of Fed policy will hit later this year, and the market has already priced in…
Auction prices are down with many cars not meeting their auction minimum price. Additionally, new cars are being listed for under MSRP.
Dr. Hassett’s Taylor Rule calculation output is 7% while Dr. Taylor’s – whom the rule is named after – is around 6%. The Taylor Rule basically says the Fed should raise rates when GDP or inflation is above trend and…