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Tactical Asset Allocation

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Deconstructing Financial Markets

 

 

Latest Observations - January 2012

 

A Visual History of the Federal Reserve System, 1914 -2009

Vizualise the Fed's balance sheet from founding to the present, as well as interest rates, reserve requirements, recessions, chairmen, US presidents, major events, and more.

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John Paul Koning

 

Asset Management

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Barclays Investment Committee Report

Here at the end of the month, the world looks fairly similar to the way it looked a month ago just with its market participants slightly more exhausted.

Barclays Capital Fund Solutions

December 2011

 

1 Year in 10 Snapshots

2011 in 10 Charts: Global Economy, United States, Euro Zone, Japan, China, Equity markets, Bonds, Forex and Commodities.

Syz Asset Management
13 January 2012

 

Barclays World Tactical Opportunity Strategy (EUR)

Tactical Asset Allocation Absolute Return Strategies

Barclays Capital Funds Solutions

December 2011

 

Investment Thoughts

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The People's Bank of China, the Swiss National Bank and the Bank of Japan

What do these three central banks have in common?
Investments Office, October 2011

 

Creative Destruction: The History of the Dow Jones Industrial Average,1896-2010

This chart marks the span of time that each one of these stocks spent in the Dow, and shows the rise and fall of the index over this time frame.

Financial Graph & Art , John Paul Koning

 

The U.S. Content of “Made in China”

FRBSF Economic Letter, 2011-25 August 8, 2011 , Federal Reserve Board of San Fransisco, Galina Hale and Bart Hobijin

 

Financial Market Charts

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S&P 500 Index priced in Gold

 

Momentum in Financial Markets

 

Reactions around the crash of 1929
 

Media Scepticism and Disbelief during the greatest Market Rally

 

Herding Behaviour in the late 1990s

 

10Year Treasury Notes vs. S&P 500: Risk (Volatility) adjusted

 

More cool charts...

 

Capital Markets Lab

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The Influence of Affective Reactions on Investment Decisions
The Journal of Behavioral Finance, Volume 11, Number 3, 2010

 

The Dangers of Risk Parity
The Journal of Investing, Spring 2011, Vol. 20, No. 1 , Ben Inker

 

Adaptive Asset Allocation Policies

Financial Analysts Journal, May/June 2010

 

Do Traders Benefit from Riding the T-Bill Yield Curve?
The Journal of Portfolio Management, Fall 2009

 

 

 

Latest Comments - Categorized per Investment Topic

 
 
Macro Observations

The Long March of the Euro Communist Economies
"The media all over the world, but especially in France, are presenting the crisis as a financial one, as if the governments and the politicians have no responsibility. This crisis is in fact very typical of a communist system arriving at the end of its ability to borrow and make the productive system service the debt it has accumulated, simply because the productive sector is going bust."
GaveKal Five Corners, Volume 12, Issue 24, Monday, December 12, 2011 , Anatole Kaletsky, Charles Gave, Francois Chauchat

Asset Price Booms and Current Account Deficits
FRBSF Economic Letter, December 5, 2011 , Paul Bergin

People's Bank of China versus the Swiss National Bank and the Bank of Japan.
What do these three central banks have in common?
Investments Office, October 2011
mehr
Market Desk

Liquidity Risk and Hedge Fund Ownership
The Federal Reserve Reserve Board, Working Paper, September 19, 2011 , Charles Cao and Lubomir Petrasek

What Moves the Interest Rate Term Structure?
FRBSF Economic Letter, November 7, 2011 , Michael Bauer

Creative Destruction at its Best: The History of the Dow Jones Industrial Average,1896-2010
Over 106 stocks have been a member of the Dow at some point or another. This chart marks the span of time that each one of these stocks spent in the Dow, and shows the rise and fall of the index over this time frame.
Financial Graph & Art , John Paul Koning
mehr
Asset Management

1 Year in 10 Snapshots
Syz Asset Management , 13 January 2012

Market Outlook
European leaders have had to accept the obvious and agree to move towards greater fiscal integration. (...) Unfortunately it is also the guarantee of a very difficult 2012 in Europe in terms of growth.
Banque Syz & Co. , 14 December 2011

Barclays Investment Committee Report
Here at the end of the month, the world looks fairly similar to the way it looked a month ago just with its market participants slightly more exhausted.
Barclays Capital Fund Solutions , December 2011
mehr
Markets in History

A Visual History of the Federal Reserve System, 1914 -2009
The Visual History of the Federal Reserve System, 1914-2010 portrays the Fed's balance sheet from founding to the present, as well as interest rates, reserve requirements, recessions, chairmen, US presidents, major events, and more. This is the first time this data has ever been compiled and portrayed in a single graphical display.
Financial Graph & Art , John Paul Koning

Creative Destruction at its Best: The History of the Dow Jones Industrial Average,1896-2010
Over 106 stocks have been a member of the Dow at some point or another. This chart marks the span of time that each one of these stocks spent in the Dow, and shows the rise and fall of the index over this time frame.
Financial Graph & Art , John Paul Koning

The "déja vu" financial affairs of Greece in 1868!
Plus ça change...
From Chambers Encyclopaedia, "A Dictionary of Universal Knowledge for the People", Volume 5, 1868. Quoted in Private Eye (5 August 2011).
mehr
Beyond Finance

7 Billion Reasons Malthus Was Wrong
""You’d think after 200 years, folks would eventually say, “That Malthus guy? Kind of wrong.” Yet, with the (projected) birth today of the world’s 7 billionth occupant, there’s no shortage of media hand-wringing about the dim prospects of our world from here."
Forbes, 31/10/2011 , Lara Hoffmans

The Rational Optimist: How Prosperity Evolves
"The rich have got richer, but the poor have done even better."
Harper Perennial; Reprint edition (June 7, 2011) , Matt Ridley

The Origin of Wealth: Evolution, Complexity, and the Radical Remaking of Economics
"The economy is a marvel of complexity. Yet no one designed it and no one runs it."
Harvard Business Press; September 14, 2007 , Eric Beinhocker
mehr


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Quotes & Comments

 

 

 

"Central Banks cannot create consumer inflation, only monetary inflation."
Crossborder Capital, October 2011

 

"The Germans are massively underpaid - they just don’t know it yet."

Fund commentary – June 2011

Chris Rice, Cazenove Capital Management

 

“How many years of US corn production would the dollar reserves of China buy?”
The End of the World, Part 1 , John Mauldin, August 27, 2011


 

The "déja vu" financial affairs of Greece in 1868!
From Chambers Encyclopaedia, "A Dictionary of Universal Knowledge for the People", Volume 5, 1868

 

 

 

Capital Markets Lab

Library for academic journals

 

 

 

 

Invitations & Events

 

 

Zurich, Switzerland

 

Roundtable Invitation:

Profit from Inflation, Protect against Deflation

January 26, 2012

11:00 - 12:00

Barclays Zurich Offices

Barclays Capital Fund Solutions Switzerland

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Zurich, Switzerland

 

Breakfast Invitation:

Commodity Breakfast

Barclays Commodity Research Insights
8 February, 2012
08:30 - 10:00
Hotel Schweizerhof
8021 Zurich
Barclays Capital Fund Solutions Switzerland

more

 

 

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