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.
Category Archives: Market Thoughts
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
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.
I was building out some internal charts recently and ended up creating a spread between the bull and bear sentiment indices (using the AAIIBULL and AAIIBEAR Index). Basically it shows investors bullish sentiment in 6 months time (the higher the number … Continue reading
The markets definitely seem excited about the euro-zone plan to hair-cut Greek debt and lever the EFSF (basically levering debt to solve a debt problem with money you hope to raise from Asian investors who you’re already indebted to…interesting), but … Continue reading
In early September we posted a handful of charts on how historic the recent market volatility has been and how unhealthy these swings are (especially for investor psychology, see link). The broad market S&P500 rocketed 4.2% in the last 45 minutes of trading today (that’s … 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
Several strategists and money managers have commented recently about the historic volatility the markets have experienced over the past 30 days. Todays intra-day moves encouraged me to take a closer look at the numbers. Let’s start with todays rollercoaster ride. Pre-market this … 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
The markets have been on quite a ride the past couple of weeks with the SPX cratering 11% from recent highs and the VIX exploding 87%. The talking heads are pointing to all sorts of reasons for the sell off, … Continue reading
Below is an article from Greg Zuckerman of the Wall Street Journal today entitled “Investors Hazard Bold Bet on Yuan” (see article below or click on the link to take you to the WSJ) — great quote from our very own Cullen Thompson, as … Continue reading