Author: Vivian Lewis

 Bloomberg writes that Pimco, the fund manager, is creating a “tail risk” fund to protect Wall Street against a 15% drop in some market index we are not being told the name of. Tail risk is a term invented by...

Pundit Jeremy Grantham (of Grantham, Mayo, Van Otterloo) writes bearishly: I, for one, am more or less willing to throw in the towel on behalf of Inflation. For the near future, his adversary in the blue trunks, Deflation, has...

  The word from Adam Carr of ICAP, the Australian brokerage, came today: There is no doubt that market psychology is just fascinating at the moment. Look at the week just gone. We learned that US industrial production...

Citigroup and Bank of NY-Mellon released a semi-annual reports on the Depositary Receipts market in which these big players highlighted: • The number of available DR programs globallly rose to 3,214 from 3,096 a year...

Summer is icumin in and stock markets are suffering from low volumes and indecisiveness. It’s not the bulls or the bears these days; it’s the sloths. France, which celebrated its national holiday yesterday, is still...

  Reader PL asked if there will be a double dip. I do not know. But here is what Stephen Taub of BondsonLine learned from brokerages: -Barclays is skeptical that we are in for another economic decline. So, it recently...

Wednesday is Bastille Day in France and there will be no newsletter that day, because I have personal business to attend to. Today our pro-Dutch reporter is preparing an octopus stew by chopping up lots of garlic while her...