Peter Tchir

Rally Is Starting to Run Out of Steam

Rally Is Starting to Run Out of Steam

Spain ‘Most Undervalued’ Stock Market, Tchir Says (Video)

 Peter Tchir

Huey, Dewey, and QE

Huey, Dewey, and QE

Can the market go down while the Fed is engaged in QE?

 Paul Brodsky

No pretense

No pretense

There should be very little pretense among objective observers that last week’s perpetual QE announcement could actually provide real economic stimulation.

 Peter Tchir

Now What?

Now What?

The catalyst for any retracement is likely QE off the table in the U.S., political rhetoric, or Rajoy screwing things up in Europe.

 Deutsche Bank Research

Euro-area banks exiting the US

Euro-area banks exiting the US

Since the outbreak of the financial crisis in 2007, Europe’s banks have been gradually retreating from the US market.

 Peter Schiff

The Not So Super Hero

The Not So Super Hero

The developments should provide new reasons for investors and economy watchers to abandon their faith in central bankers as super heroes capable of saving the economy.

 John Browne

Promises, Promises

Promises, Promises

Draghi and Bernanke know that markets need to be talked up, and they continue to do so unapologetically.

 Paul Brodsky

Real Return Investing

Real Return Investing

Is there a clean shirt anywhere – creased, pressed and folded? We think so.

 Keith Weiner

Duration Mismatch Will Always Fail

Duration Mismatch Will Always Fail

Duration mismatch is bad. It is fraud, it is unfair to depositors (much less shareholders) and it is certain to collapse sooner or later.

 Michael Hudson

The Weaponization of Economic Theory

The Weaponization of Economic Theory

Europe’s three needs: a debt write-down, a real central bank, and a more efficient tax system.

 Peter Tchir

The Spanish Bank Bailout – What to watch for

The Spanish Bank Bailout – What to watch for

The best hope for stabilizing the banking system is an equity capital infusion that is essentially converting German and French borrowing power into equity investments, followed up by more cheap lending to the banks by the ECB.

 Peter Tchir

Spanish Bank Bailout Analysis – According to EFSF FAQ

Spanish Bank Bailout Analysis – According to EFSF FAQ

Our thoughts on the FAQ and what it means – decently positive.