Interesting Rates

  To market to market to buy a fat pig. As expected the Fed left rates unchanged with the hint that there is a better than even chance of a hike in December. I clearly remember the first rate hike in December 2015; I was in the Frankfurt airport on my way to visit Ted, … Continue reading Interesting Rates


Quantifying Quantitative Easing

  To market to market to buy a fat pig. Today is Fed day. Later this evening the Fed will probably announce no interest rate increase, but more importantly, they will give details around how they will unwind their $4.5 trillion balance sheet. Rewind a couple of years, the short-term interest rate was already very … Continue reading Quantifying Quantitative Easing


"Of course the Fed meet today again, the middle of March, the "ides" in which Julius Caesar was murdered by his fellow senators. The politics of 2000 years ago was less civil I suppose, although ..... Janet Yellen and her cronies will deliver their prognosis, the market is expecting a rate hike here."   To … Continue reading Rategate

Rating SA

"And then lastly, I can't get involved in politics in this opinion piece, it is a very emotional topic in particular in South Africa as a result of our past. All I can say is that capital responds to the landscape accordingly and your investment opportunities are not confined to the borders in which you … Continue reading Rating SA