EUROPE’S ENERGY CRISIS IS KEEPING ENERGY PRICES AND INFLATION HIGH
America leads the world in oil and gas production. We believe midstream energy infrastructure offers predictable cash flows to investors..
Advice from the Federal Reserve – Bonds Still Aren't Cheap
Although treasury yields have risen around 30 bps over the past couple of weeks, yields have not yet reached what the Federal Reserve itself might call equilibrium. The FOMC rate forecasts that the Fed published earlier this year reveal an intriguing inconsistency between the Fed’s actions and its own market forecasts. Operation Twist and its […]
Wall Street Turns Its Back on Investors
On CNBC’s website today: http://www.cnbc.com/id/46759372
Interview on BBC World Service
This interview about my book The Hedge Fund Mirage was broadcast on the BBC World Service earlier this morning. It also includes an interview with a hedge fund manager brave enough to go on and defend his industry.
Why The Fed Believes The Yield Curve is Too Flat
Eurodollar futures provide quite precise data about the market consensus forecast for interest rates. Since they extend out for ten years, they provide a rich set of information constantly updated about where market participants think 3 month Libor will be every three months. The FOMC recently started making public the interest rate forecasts of its members. They […]
Presenting at 2012 Factset Symposium
I’ll be presenting on my book, The Hedge Fund Mirage, at the 2012 Factset Symposium Conference in Scottsdale, AZ March 19, and will be playing golf in Scottsdale over the weekend March 17-18.