TRENDS & TAIL RISKS™

A monthly publication dedicated to the principle that deeper and broader knowledge drives superior investment results

Franco Nevada: The Art of Stock Selection in the Gold Sector

POSTED ON March 9th - POSTED IN Gold, Price of Gold, Relative Value of Gold (and Credit)

By Lewis Johnson - Gold is up 19% year to date against the backdrop of a volatile stock market. In fact, gold just clocked its strongest February since 1975. Is this the move we have been waiting for in gold? We[…]

Fed Rate Hikes are a Mistake

POSTED ON February 24th - POSTED IN Credit

By Lewis Johnson - The Fed made a mistake in raising interest rates. The consequences of this mistake could be far-reaching. Frequent readers know that I strive to follow the advice of Bismarck and study history to[…]

China Deflationary Wildcard: Lessons from the Past

POSTED ON January 13th - POSTED IN Credit

By Lewis Johnson - Applying the Lessons of the Past to Today’s Market Turmoil Markets have been very volatile lately with the drumbeat of troubling events increasing in both pace and strength. It’s a reasonable time[…]

Bond Market: Turning Japanese?

POSTED ON December 2nd - POSTED IN Bonds, Credit

By Lewis Johnson - The financial world is a confusing place. Those of us with significant experience that pre-dates the Global Financial Crisis of 2007 - 2009 can easily see how much more complex the world is now than[…]

Creditors in the Crosshairs?

POSTED ON September 23rd - POSTED IN Credit

By Lewis Johnson - Another meeting of the Board of Governors of the U.S. Federal Reserve has come and gone and still short term interest rates remain nailed to the floor. It’s been a full seven years that they have[…]

Lewis Johnson
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Author of Trends & Tail Risks

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