The 10th Man, November 2014

I Had My Cake, Until I Ate It

November 20, 2014

After 30 years of declining interest rates, bond investors are beginning to worry that rates will go higher—especially after the events of May 2013.

Three Steps Forward, Two Steps Back

November 13, 2014

I have been a gold bull, unrelentingly, since 2005. It has been quite an adventure.

The Great Volatility Crush

November 6, 2014

Ten years ago, when I worked on the equity index derivatives desk at Lehman, we used to sit around and dream things up. Like, we wondered out loud if you could actually create a volatility ETF.