Video – Paul discusses the current plight of Active Investment

Active investment is under siege – once the staple of institutional and retail investment practice, active now has an awful reputation. I recently met up with Colin Lloyd of Linear Investments in London, and in this short video we explore how we got here and why “Passive” investing isn’t the solution for a community desperate …

Financial markets and the credit cycle – Are we there yet dad?

Markets have been taking center stage since the vol-ruption nearly a year ago, and while realized volatility has indeed increased alongside implied, options markets Vix-volatility, many have taken this to mean the end is nigh and all manner of skies are about to fall. This may be true, but there is another, orthogonal perspective which …

Fed  – the pause that nurtures the teenage bull

With the Fed already several hikes (and many billions in portfolio run-off ) down the road to policy re-alignment, it's natural for a new Fed Chair to consider a pause for reflection. Especially with financial markets doing most of the work, tightening financial conditions and reminding both market and economic participants alike, that the cycle …

Bitcoin – The beginning of the end?

Today's events, where Bitcoin scammers have sent bomb threats to schools and businesses, demanding payment in Bitcoin, demonstrates what we've all known for some time. That, given its perfect anonymity,  Bitcoin is the favored route for extreme criminal "commerce". How long before the authorities ban it, and take control of the crypto currency game? Today …