A Conversation with Tony Boeckh, author of ‘The Great Reflation’

I waited a long time for a conversation with Tony Boeckh, his newsletters are a must read for anybody looking to keep a finger on the pulse of the markets both in the USA and internationally, you can sign up for free at the homepage.

Tony’s career has spanned over 40 years and during the entire time he has focused on banking and credit, starting in the Canadian central bank, then taking over the helm at the industry stalwart publication Bank Credit Analyst. His recent book ‘The Great Reflation‘ is a culmination of thoughts on the future of finance and what trends we can expect, and perhaps more importantly, the trends that investors can profit from.

My questions are in bold.

You look at the world in a very macro sense, what indicators, given the span of your career, have you found to be the best guides? Interest rates? flow of funds?

“That’s a never …

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Why I am an optimist by John Mauldin

John Mauldin sends out a weekly investment letter which has a readership of over a million people, the genius of his letters are that he doesn’t purport to know everything, luckily for him though he knows enough experts in enough fields who do, he draws on his knowledge and theirs to provide poignant and relevant financial interpretations of many events around the world but with a specific focus on the USA (he’s a Texan). Below is a recent letter that inspired me, so often we get caught up in news that we forget that the human race is an incredibly adaptable and innovative species. So I bring you John Mauldin’s thoughts, as to why he is an optimist, and I tend to agree….

Why I Am Optimistic About the Future

I am optimistic by nature. An entrepreneur friend of mine gave me a term that I have grown to love. She calls it “psychic income.” It’s that bit of hoped-for future income that is in our minds, that drives some of us, inflicted with the entrepreneurial gene, to do …

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5 keys to the market, stock indicators to watch

Todd Harrison of Minyanvill.com talks to Yahoo!’s tech-ticker team about the five signals he sees as being those that fundamentally move the market.

1.Treasury yields: The 10-year yield settled at 3.50% on Friday, down from its recent rise to 3.78% on June 19, but still well above the January lows around 2.7%. Whether traders view this rise as a sign of “normalization” or incipient inflation will help determine the market’s fate, Harrison says.

2.Inflation vs. Deflation: Even Alan Greenspan knows the Fed faces a major challenge of needing to rein in excess liquidity before inflation takes hold, but not too soon as to risk choking off the recovery. Inflation is clearly a long-term threat, but Harrison says there’s 75% odds deflation persists for the near-term. (great piece on this by Morgan Stanley here)

3. New Supply of Stock: UBS’s $3.5 billion stock sale Friday is just the latest in a series of secondary offerings from banks. Some are worried about the pure supply and demand issues, but Harrison is …

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