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European Banks On A Tear October 10, 2013

By Knowledge Leaders Team in Uncategorized

Over the last 3 months, every bank in Europe has outperformed the MSCI World Index, some by 50-70%. Two-thirds of the companies sell for below book value.

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A New Range For TIPS Yields? October 10, 2013

By Knowledge Leaders Team in Uncategorized

Even after the non-taper and government shutdown, TIPS yields are holding at an elevated level relative to recent trends.  Have TIPS yields reset to a new range?

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BOE decision October 10, 2013

By Knowledge Leaders Team in Uncategorized

Without any decisive economic data to influence its actions one way or another, the BOE opted to maintain its benchmark rate and the level of its bond-buying program:

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Stock Valuations and US Male Employment October 10, 2013

By Knowledge Leaders Team in Uncategorized

For the last 20 years, valuations on the S&P 500 have correlated pretty well with the 25-54 year old male participation rate in the US.  The now 13-year old structural bear market in the US is easy to see.  The recent turn down in this participation rate suggest caution on equity valuations.

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