Does the printing of money by central banks inevitably lead to inflation?
 
Is there good inflation and bad inflation?
 
Quantitative easing is now underway in most developed countries in some form or other, most notably in the US, UK and Europe. It hopes to make up for the decline in transactions for a given stock of money [...]

The mark of a great leader is that he or she leaves a company, country or other organization strong enough to stand on its own without their continuing influence or indeed choice of successor. Redundancy is the ultimate test.
Some potentially great leaders do in fact succeed in this respect, yet fail to recognize their own [...]

Inflation/deflation doesn’t turn on a dime. Inflation/deflation expectations turn on a dime.
 
Time to put on curve flatteners in US 2s and 10s, and 2s and 5s.

In a market known for measured and deliberate and more often than not friendly M&A, the merger between Kirin and Suntory is an interesting transaction. The Kirin Suntory deal is by no means hostile but it is a merger of rivals. The merger if consummated will create the fifth largest food and beverage company in [...]

The fundamental picture:
The second quarter of 2009 witnessed a continuation of the rally in all risky assets from equities to credit to commodities and energy to illiquid Asian physical real estate. On the back of this reversal of the acute risk aversion that plagued the fourth quarter of 2008 and the first quarter of 2009, [...]

Here is a chart of the dispersion of hedge fund returns across strategies as classified by Hedge Fund Research. It is the simple standard deviation of the monthly returns across the 18 strategy indices compiled by HFR. What it shows is a clear compression of dispersion from Jan 2000 to Jan 2004 where it troughs. [...]

Dear Roundtripper,
 
A very interesting post. (Stop manipulating the (US) stock market!) Go back to March 2009, the beginning of the current relief rally, and you may recall that just a week prior to triple witching, a slew of good news regarding further bail outs coincided with what could well have been a significant negative gamma [...]