THE PARTICIPANT by Jason Kelly Thursday, October 22, 2015 ___________________________________ ARCTIC OIL The Franz Josef Land archipelago is one of the northernmost parts of Russia. It consists of 191 islands distributed over a 6,200-square-mile area. Eighty-five percent of it is glaciated. Since annexing the islands in 1926, Russia has used them for military and research […]
Author Archives: Jason Kelly
Mirhaydari: Bonds Signaling Stock Trouble
“Stocks ended last week on a high note … driven by a batch of soft economic data, raising hopes that the Federal Reserve will be forced to delay its first rate hike since 2006 into the middle of 2016. Retail sales missed expectations. Industrial production and job openings were weak. We’ve also got the continuation […]
Calhoun: Calm Before Storm
“The idea that an economy that performs so poorly that it keeps the Fed on the sidelines is good for stocks is one that can only be based on recent history, one that starts after the 2008 crisis. … “At some point bad news will be bad news for stocks again but the rest of […]
Moraif: Recession to Bite
“As I have been reporting to you over the last few months, the world’s economy is slipping into recession while the US economy shows signs of strength. It is my view that the global recession will have a detrimental effect on our economy. The question that we are all waiting to get answered is, ‘Will […]
The Participant 10/14/15: UB(credit stres)S
THE PARTICIPANT by Jason Kelly Wednesday, October 14, 2015 ___________________________________ UB(credit stres)S In a Global Credit Strategy note sent to clients last Wednesday, October 7, UBS’s US credit strategist, Stephen Caprio, wrote about his concerns for the staying power of the credit cycle. Non-bank credit is a larger funding source than bank credit for US […]
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