About Investing In An Unbalanced World“Investing In An Unbalanced World” is written and maintained by the investment team at Bienville Capital Management, LLC. We created this blog as a medium to share our views and insights on investing, policies, economic history, geopolitical events and other factors impacting the market.
Author Archives: Cullen Thompson
In evaluating gold, we consider the following: 1. The Fundamental Case – Should we own gold? If so, how should we size it? 2. The Technical Backdrop – How is gold currently trading? Where is the technical resistance and support? … Continue reading
60 Minutes did a great segment the other night on China’s Real Estate Bubble that echoed our views published last October following our trip to China (see One Giant Epcot Center). The episode features Gillem Tulloch, founder of Forensic Asia … Continue reading
“SO BASICALLY CHINA IS ONE GIANT EPCOT CENTER,” were the words uttered by Chris Pavese, himself unsure of whether they formed a question, a tongue-in-cheek comment, or an apt summary of what we had witnessed touring nearly a dozen Chinese … Continue reading
See below for our most recent Commentary, which discusses how complex systems, such as political, economic and financial structures, are inherently fragile, often leading to unpredictable (and abstract) outcomes.
This morning I had a call with one of our London based consultants who has a particular focus on Europe. Before joining his current firm, he spent several years at the UK Treasury, the last two of which he was tasked with … Continue reading
A prominent sell-side analyst reversed his call for more near term CNY appreciation this morning and has now suggested that China may re-peg around the current level. Therefore, I thought I would resurrect a chart we’ve spoken about internally before—the CNY vs. … Continue reading
Despite a tumultuous month, nothing really new came to light. Contrarily, we believe markets finally began to recognize many of the imbalances that have been percolating in plain sight. Nonetheless, we are pleased to say our portfolios performed quite well. … Continue reading
Below are some thoughts about global imbalances we’ve been talking about internally for a while now that were recently highlighted by one of the independent economists we subscribe to. The pain (i.e. slowing global growth) will be felt most harshly on the creditor/surplus nations, … Continue reading