Tag Archive: Lighthouse Investment

IMF World Economic Outlook

2012-10-10

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2012-10-10

Recession Deflation Danger IMF World Economic Outlook
Alexander Gloy is founder and president of Lighthouse Investment Management       The IMF’s (International Monetary Fund) “World Economic Outlook”, a slim 250-page piece, came out. Some excerpts: Substantial reductions in estimated output (GDP) growth for 2013 for all major countries:   Unemployment in the Euro-Area (“EA”) is now expected to rise above the level …

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The “Beautiful” De-Leveraging

2012-09-23

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2012-09-23

A beautiful deleveraging balances the three options. In other words, there is a certain amount of austerity, there is a certain amount of debt restructuring, and there is a certain amount of printing of money. When done in the right mix, it isn’t dramatic. It doesn’t produce too much deflation or too much depression. There is slow growth, but it is positive slow growth. At the same time, ratios of debt-to-incomes go down. That’s a beautiful...

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All roads lead to a euro zone break-up

2012-08-10

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2012-08-10

2 solutions for euro zone will work acceptable for Germany
For us all roads lead to a euro zone break-up and multiple sovereign defaults.   Our reasoning can be summarized as follows: Equities are worthless when associated debt becomes encumbered (risk capital takes the  first loss). Equity is not an asset; it is merely the remainder that is left over once debt is subtracted from …

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Volatility ETFs’ crazy churn

2012-08-10

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2012-08-10

VIX-ETFs
Two volatility ETFs (VXX and UVXY) are having almost half of the trading volume in the world’s largest ETF (SPY). How come?   First, the facts:   SPY is heavily traded (19% of assets daily turnover) compared to IVV (also referring to the S&P 500). But then come the volatility ETFs. Tiny VIXY (assets $145m) … Continue reading...

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Some of our Twitter followers

Marc Faber 3
Here a quick list of some of our Twitter followers: Marc Faber Blog @marcfaberblog FOLLOWS YOU Marc Faber is an investor and economist known for his spot-on assessment of the world economy. He also manages his own investment company, Marc Faber Limited.· http://marcfaberblog.com economie_suisse ‏@economie_suisse FOLLOWS YOU La principale organisation faîtière de l'économie suisse

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