Tuesday, March 6, 2018

This is a first shot in a trade war

"I'd wonder if this isn't just a first step, that Trump has in mind raising other tariffs. Even if he doesn't there will be other countries who will retaliate and they'll get bigger. This is really like a first shot in a war and that's what is worrisome."

Monday, February 12, 2018

Rising interest rates will have a negative impact on US housing prices

Rising interest rates will have a negative impact on US housing prices, according to Robert Shiller.

"Obviously interest rates… it’s the price of time. It’s a fundamental factor in our economy. And people watch it. A lot of people think the stock market is overpriced, but what’s the alternative? If you go into debt, it has not been a very good return either. But that’s all changing now and maybe that’s the new narrative."

Tuesday, January 30, 2018

Blockchain technology is promising

Bitcoin may be a hype.

"I tend to think of bitcoin as an experiment. It is an interesting experiment, but it's not a permanent feature of our lives. We are over-emphasizing bitcoin, we should broaden it out to blockchain, which will have other applications."

Being able to short a financial instrument is important for price discovery.
"Financial theory says that if something is not shortable then it can be taken over by enthusiasts, and the doubters can no longer have an adequate way of vetting against. We've just seen that both the Cboe and CME have both created futures markets for bitcoin and that might make it more stable."

via CNBC