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Cumberland Advisors Cumberland Advisors

Cumberland Advisors's Opinion & Analysis.
Featured here: a complete archive of all posts and research produced by Cumberland Advisors, including current material.
Forget Treasuries: Take A Look At Munis By Cumberland Advisors - Jun 05, 2012

Continued concern over the financial health of Europe -- and Greece, Italy, and Spain, in particular -- sent U.S. Treasury yields plummeting last week, in the case of the ten-year U.S. Treasury, to...

Opportunities In High-Yield Credit By Michael Lewitt - Jun 05, 2012

In a world of zero interest rates and macroeconomic worries, there are a limited number of investment alternatives that can provide reasonable returns and allow investors to sleep at night. Stocks...

Notes From Poland: Eurozone Showdown By Bill Witherell - Jun 05, 2012

This second note on the Global Interdependence Center's gathering a week ago in Poland of central bank governors, economists, and financial experts is being written in the sun-drenched beauty of the...

Sell In May Would Have Been A Good Idea By Cumberland Advisors - Jun 03, 2012

“Sell in May and go away.”  Boy, would that have been a good idea. In May, markets were down over 6% in the United States. European markets were a sea of red, and the rest of the...

Thoughts On Capital Standards And Gold By Bob Eisenbeis - Jun 03, 2012

Rumors have begun to circulate that the Basel Committee on Supervision is considering modifications to the draft proposals for Basel III standards by changing the risk weights for capital standards by...

Notes From Poland By Bill Witherell - May 29, 2012

The Global Interdependence Center (GIC), in partnership with the Economics Institute of the Polish Academy of Sciences and the National Bank of Poland, just completed a conference dubbed, "Economies...

US Stocks—An Aussie View & Betty Liu By David Kotok - May 28, 2012

“I am just an average guy who sits at home and trades the stock market. I hardly drink but this is my poison. Understanding why the markets move the way they do is somewhat of an obsession of...

Are Most Banks Prepared For More Greek Downside? By Cumberland Advisors - May 23, 2012

Bloomberg: Europe's banks, sitting on $1.19 trillion of debt to Spain, Portugal, Italy and Ireland, are facing a wave of losses if Greece abandons the euro. While lenders have increased capital...

The Disintegration Of The Eurozone By Cumberland Advisors - May 16, 2012

The Benefits Of ConvergenceCharts and data display the boost to growth that occurs when interest rates coalesce at a lower level and when credit spreads narrow. The multiplier effect is huge. Europe...

How Bad Is The News About JPMorgan Chase? By David Kotok - May 13, 2012

JP Morgan Chase (JPM) has been the darling stock of the financial markets.  It has now jilted its lover. Scorn by markets will result.The details of JPM’s loss and revelations fill the news...

My Initial Take On Europe Now By David Kotok - May 07, 2012

Bullets.  1. Austerity loses all the way around. French, German and Greek elections pile on other European changes. Clearly, Europe’s elected politicians fail when they try to impose...

Bonds In A Zero-Percent World By Michael Lewitt - May 03, 2012 1

In a zero-interest-rate world, high-yield bonds are one of the last places of refuge for investors looking to earn a decent return on their capital.  Today, the average yield on the Barclays High...

Austerity Versus Growth In The Eurozone By Bill Witherell - May 03, 2012

The renewed flare-up in the sovereign debt crisis and accompanying political developments have brought the eurozone back to the forefront of investor concerns in April. Strong prospects of a Socialist...

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