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Market Anthropology: Waiting on the ECB

Thursday, February 6, 2014 Waiting on the ECB Like clockwork, the ECB met today and generally disappointed participants expectations that Draghi needed to reshape monetary policy to reflect concerns with gathering disinflationary pressures in the eurozone. In as much as…

Market Anthropology: Wag the Dog

Friday, May 10, 2013 Wag the Dog Interesting times indeed – so much so, we find ourselves questioning certain biases as markets break higher against the backdrop of a slowing world economy. While we have always appreciated and respected the…

Market Anthropology: Value Trading

Friday, September 23, 2011 Value Trading It appears that in academic hindsight the markets have ruled out Door # 3 and moved onto the remaining outcomes; either continuing down the slope of hope or meeting the requirements of a successful retest of…

Market Anthropology: Uncertainty

Sunday, August 7, 2011 Uncertainty Markets can lose their equilibrium from a variety of sources. One of my first notes in March attempted to describe that dynamic in a series of charts titled, Where Reflexivity Meets Equilibrium.  One condition that can…