Category: C.M.O.

C.M.O. 8.29.2011

He said: “Most of the economic policies that support robust economic growth in the long run are outside the province of the central bank.  To achieve economic and financial stability, U.S. fiscal policy must be placed on a sustainable path…

C.M.O. 8.22.2011

Were Hunter S. Thompson alive today I’m not sure if he would title his next book “Fear and Loathing on Wall St.”, “Main Street” or maybe “The World” as the degree with which the fearful are loathing risk these seems…

C.M.O. 8.15.2011

If you were in New York City and thinking about packing the family into the car for a road trip vacation and your destination was, say, Annapolis, MD (about 175 miles away) would you get there by way of  Phoenix,…

C.M.O. 8.8.2011

In mid July Eric Cantor was in a cabinet room with President Obama sitting between Nancy Pelosi and Steny Hoyer.  The tangling of the debt ceiling debate was tense.  At one point the President invoked Ronald Regan and as Mr.…

C.M.O. 8.1.2011

Two things deepened last week.  The first was man’s ability to explore the depths of the ocean as Jiaolong, a manned deep-sea submersible named after a mythical Chinese sea dragon, reached a depth of 5,057 meters or 16,591 feet for…

C.M.O. 07.25.2011

I’m still not sure if they should be called the “Gang of Six”, the “Gang That Couldn’t Shoot Straight” or six guys playing a 3 on 3 game of kick the can down the road but the current impasse in…

C.M.O. 6.1.2010

Credit Market Overview June 1, 2010 With the VIX closing at 40.10 on May 21st and correlation across almost every single asset class locked at 1.0 it would appear that investors are battening down the hatches early for what the…

C.M.O. 5.24.2010

Credit Market Overview May 24, 2010 It can be debated whether the Keynesian school of economics is the right or wrong way of managing a nation’s finances but one thing John Maynard said has remained true since the words were…

C.M.O. 5.7.2010

Credit Market Overview May 7, 2010 After a recent bout of severe headaches and upon the urgent urging of friends and family I have undergone a series of MRI’s, CAT Scans, EKG’s and whatever other test they could throw at…

C.M.O. 5.6.2010

Credit Market Overview May 6, 2010 On March 6th of 2009 the intra-day low on the S&P was 666.79.  It was not only the low price traded on that day but the lowest price seen for the previous 10 years. …