Take your pick from either of these two related articles, or take advantage of my best offer: Read both for the price of one! [more]
Last week, I mentioned China's efforts to internationalize the use of the yuan. Lo and behold, last week witnessed the first yuan-denominated offshore IPO. Indeed, Li Ka-Shing, the Hong Kong real estate billionaire floated a REIT in Hong Kong. Personally, I prefer to avoid buying when property billionaires are selling, but that's another matter (sort of like when Blackstone (NSYE: BX) went public). [more]
I've been wearing the moniker TMFMarathonMan for roughly four-and-a-half years and I decided it was time for a change. My new username is TMFBullnBear, which represents my fascination in the cyclical nature of financial markets. [more]
There are a few interesting items in today's WSJ: [more]
Two items that caught my eye in today's papers: [more]
The thing that struck me in today's review of the press was the contrast between two bubbles at two different stages of their development. [more]
The two stories that caught my eye this morning: [more]
Bond Guru Bill Gross is Short Uncle Sam. You can follow me on Twitter.
Alex Dumortier, CFA
This indicator is flashing red, but for investors, it's a case of see no risk, hear no risk.