Tag Archive: Private Equity

When Do We Know These Are Delusional Markets

2017-07-27

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2017-07-27

Markets Cycle
Signs of complacency and disconnect from fundamentals abound. So to sanity check, it may still be helpful to periodically remind ourselves of a few recent ones. In no particular order. The Swiss National Bank bought $ 100bn between US and European stocks. It now owns 26 million Microsoft shares (read).

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Fighting inflation with FX, a real traders market

2017-07-20

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2017-07-20

Gain Change, Currencies Popularity, Reward: Risk Ratios, Average Holding Time
The much anticipated document (press release and link to full document) released by U.S. Trade Representative Robert Lighthizer said the Trump administration aimed to reduce the U.S. trade deficit by improving access for U.S. goods exported to Canada and Mexico and contained the list of negotiating objectives for talks that are expected to begin in one month.

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Money, Markets, & Mayhem – What To Expect In The Year Ahead

2017-01-05

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2017-01-05

Houses
If you thought 2016 was full of market maelstroms and geopolitical gotchas, 2017's 'known unknowns' suggest a year of more mayhem awaits... Here's a selection of key events in the year ahead (and links to Bloomberg's quick-takes on each).

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Argor-Heraeus: Another giant Swiss gold refinery goes on the Sales Lot

2016-11-03

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2016-11-03

Fine gold
News has just emerged in the gold market that the giant Swiss precious metals refiner Argor-Heraeus has held discussions to be acquired, and that the likely outcome is an acquisition by a private equity group. This private equity group is believed to be London-based WRM CapInvest, part of Zurich headquartered WRM Capital.

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The Education Bubble: Is A Harvard MBA Worth $500,000?

2016-10-04

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2016-10-04

College students are back at their desks this month facing bleak prospects. With tightening job markets leaving kids with no place else to go, universities continue to jack up fees. The upshot is growing signs that America is in the midst of an “education bubble,” just as big as those in stock, bond, and real estate markets. Case in point: four years at Harvard University now costs nearly $250,000 [1]. If you want an MBA, add another $200,000.

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The World’s Dominant Gold Refineries

2016-08-19

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2016-08-19

There are many precious metals refineries throughout the world, some local to their domestic markets, and some international, even global in scale. Many but by no means all of these refineries are on the Good Delivery Lists of gold and/or silver.

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In Surprising Development NIRP Starts To Work, Pushing Rich Swiss Savers Out Of Cash Into Stocks

2016-06-23

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2016-06-23

One of the rising laments against NIRP is that far from forcing savers to shift from cash and buy risky (or less risky) assets, it has done the opposite. Intuitively this makes sense: savers expecting a return on the cash they have saved over the years are forced to save even more in a world of ZIRP or NIRP, as instead of living off the interest, they have to build up even more prinicpal.

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