Musing On Markets

In my last post on equity risk premiums and the market , I argued that the equity markets have been priced on the presumption that the Fed h...

If you have been following my blog postings, you are probably aware that I have an obsession with equity risk premiums (ERP), and have done ...

As has been the case for much of the last two years, the Apple earnings report on April 24, 2013 was a media event, previewed endlessly on i...

Paraphrasing Winston Churchill, gold is a "riddle, wrapped up in a mystery inside an enigma", at least as far as I am concerned. I...