Thinking
Things Could Get Much Worse For The Banks Before They Get Better
The performance of the banking sector this year has been dismal. Despite the sharp corrective rally of the last week the sector remains one of the worst performers. A number of European banks have already plumbed through the lows seen during the financial crisis. A few others globally look set […]
Normalcy of Deviance
I recently attended a talk by Charlie Precourt, a 2012 inductee of the US Astronaut Hall of Fame, and a pilot on four space shuttle flights. The topic was “Normalcy of Deviance”, a phrase he took from author Diane Vaughn to explain two tragic space shuttle disasters. Normalcy of deviance […]
A Look Back at 2015
A lot happened in 2015. With the surprise devaluation of the Swiss Franc in the early part of the year that sent shock waves through the currency markets, to the Federal reserve raising interest rates for the first time in a very long time, markets were buffeted by events that […]
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