Iron Capital’s quarterly review of capital markets performance and updated market forecast.
No one ever complains about upside volatility, but they should. What goes up must go down, and what goes up quickly usually comes down even faster.
The dollar just doesn’t go as far as it used to, unless you live outside the US. Compared to the rest of the world the dollar is on a tear. According to Citibank it has grown faster over the last eight months than at any time in the last 40 years.
Oil has dropped in price by more than fifty percent and the explanations for this are incredible. According to the pundits and Wall Street apologists, this is a logical reaction to the plummeting demand for oil and the oversupply caused by America’s energy boom. This is when one should start to question the headline.
International Monetary Fund (IMF) revised their economic outlook downward. That sounds bad doesn’t it? Until one realizes that the IMF has had to lower their economic outlook 100% of the time since 2011 – the approximate end of the European Debt Crisis.
First quarter GDP Down 2.9%. Work force participation at forty year lows. Russia trying to take over Ukraine. ISIS on the rise in Syria and Iraq. Rockets hitting Israel from Gaza. Every major investment asset class providing positive returns.Which one of those statements doesn’t seem to fit?
