Reality Bites
March 9, 2009
This week's writer of the Outside the Box is no stranger to long time readers. Michael Lewitt writes the HCM Market Letter and is one of my favorite writers and truly deep thinkers. He has recently decided to turn his letter into a subscription based model and is meeting with some success, as he should. So, sadly, he will no longer be a regular feature of OTB, but he did allow me to use the current letter, as I think it is one of his more provocative letters.
This is a piece you want to think through. Michael discusses the continuing series of bailouts, the consequences of the stimulus package, the various policy options and the likely response of the economy to all of the above. Plus he makes a few market calls and some interesting observations. I am truly pleased to be able to send this to you.
If you are interested in subscribing, you can to go www.hcmmarketletter.com/home.html or email .(JavaScript must be enabled to view this email address).
Over the Rainbow
February 27, 2006
Here is a different view on derivates that can help you with a basic understanding of the problem in the market and a look at gold. This comes from the HCM Market Letter by Michael Lewitt of Harch Capital in Florida.
This is a private letter for his clients and Michael is one smart guy with a deep understanding of the markets, especially the credit markets, and how they work. HCM deals in this world on a daily basis, so they can offer a somewhat inside view of derivatives and that is why it was picked for this week's Outside the Box.
The World Ain’t What It Used To Be
August 1, 2005
Once again we take a look at some comments from the HCM Market Letter written by Michael Lewitt of Harch Capital in Florida. This is a private letter for his clients and we are excited to have permission to share it with you. Michael is one smart guy with a deep understanding of the markets, especially the credit markets, and how they work. The firm manages domestic and offshore debt and equity hedge funds and separate accounts.
I really look forward each month to getting Michael's insights. Michael recently traveled to Europe and Israel and offers some insights on global economic conditions. In classic economics the markets should be falling and interest rates spreads widening, but we currently see the opposite. Michael examines some of the market reactions and interest rate trends taking pace and that is why it was picked for this week's Outside the Box.
$8 Trillion and Counting
November 29, 2004
As long time readers know, I get a lot of newsletters sent to me from around the world. Many are from private sources. Among the best is the HCM Market Letter written by Michael Lewitt of Harch Capital in Florida. Michael is one smart guy with a deep understanding of the markets, especially the credit markets, and how they work. The firm manages domestic and offshore debt and equity hedge funds and separate accounts. I really look forward each month to getting Michael's insights. For this week's Outside the Box we will look at his letter from late last week which, given the continued drop in the dollar, is more pertinent than ever. He also touches on interest rates, the problems with Credit Default Swaps and oil. It is a wide-ranging essay and one that I think you will enjoy pondering.