Blog

October 31, 2014
October 31, 2014
"It is impossible to produce a superior performance unless you do something different from the majority." - Sir John Templeton, founder of the Templeton mutual fund family (now Franklin Funds) "In recent years, holding cash is so completely out of favor that it has become the ultimate contrarian investment." – Seth Klarman, one of today’s […]
By: Evergreen Gavekal
Read This >>
October 24, 2014
October 24, 2014
"Asset purchases may act like a sweet poison for the governments. The rude awakening may come when the purchases are reduced or stopped altogether." - Bundsbank President Jens Weidmann "We may never know where we are going, but we’d better have a good idea where we are." –Howard Marks, famed investor POINTS TO PONDER 1. […]
By: Evergreen Gavekal
Read This >>
October 17, 2014
October 17, 2014
“We cannot solve problems by using the same kind of thinking we used when we created them.” - Albert Einstein And now for something (almost) completely different. Those EVA readers out there who keep precise track of our publishing sequence—all six of you—realize this is that time of the month when we produce our "full-length" […]
By: Evergreen Gavekal
Read This >>
October 10, 2014
October 10, 2014
“When we look at the high-income economies…we must recognize that they are in a truly extraordinary state. The best way to describe it is as a managed depression.” - Martin Wolf, Chief Economics Commentator for the Financial Times POINTS TO PONDER 1. A number of EVAs from 2013, and earlier this year, warned about inflated […]
By: Evergreen Gavekal
Read This >>
October 3, 2014
October 3, 2014
"I recently tried to refinance my mortgage and was unsuccessful in doing so. I think the tightness of mortgage credit—lending—is still probably excessive." - Ben Bernanke, speaking at a conference earlier this week "There are cracks emerging in the Teflon tape that is the S&P 500." - Mike O’Rourke, author of The Closing Print and […]
By: Evergreen Gavekal
Read This >>
September 26, 2014
September 26, 2014
"I don’t think the words ‘dual mandate’ crossed my lips in eight years. If prices are stable, that (is) good for employment." - Paul Volcker, referring to his time as Fed chairman, in a speech this week to the Economic Club of NY POINTS TO PONDER 1. Inflation has moderated in the US recently, but […]
By: Evergreen Gavekal
Read This >>
September 19, 2014
September 19, 2014
"Money amplifies our tendency to overreact, to swing from exuberance when things are going well to deep depression when they go wrong." - Economist and historian, Niall Ferguson Future bull. Let me admit up front that this EVA has been rolling around in my mind for quite awhile. Its genesis may be directly related to […]
By: Evergreen Gavekal
Read This >>
September 12, 2014
September 12, 2014
"No one can possibly achieve any real and lasting success or get rich in business by being a conformist." - J. Paul Getty "If you’re looking where everybody else is looking, you’re looking in the wrong spot." - Mark Cuban, technology entrepreneur and owner of the Dallas Mavericks   POINTS TO PONDER 1. Capital spending […]
By: Evergreen Gavekal
Read This >>
September 5, 2014
September 5, 2014
"The worst evils mankind ever had to endure were inflicted by bad governments." - Ludwig von Mises, economist Brock Solid. In a world seemingly infatuated with the power of central bank printing presses, Woody Brock is a refreshing iconoclast. This is particularly true given his resoundingly upbeat message despite his criticisms of overreliance on monetary […]
By: Evergreen Gavekal
Read This >>
August 29, 2014
August 29, 2014
"The Fed is distorting markets and risking asset bubbles by keeping real rates negative when real growth rates are positive—the excess of this moves into financial assets, as opposed to the real economy." - Noted economist, David Rosenberg POINTS TO PONDER 1. The recent surge by the Employment Cost Index (ECI) is elevating the odds […]
By: Evergreen Gavekal
Read This >>
1 82 83 84 85 86 100
  • Categories

NEWSLETTER