Month

September 2016

A Brief Note on Oil

Date: 2016-09-29 - Prepared by: The GISI
As argued in our previous Note on Oil Saudi Arabia and Iran are trying to better coordinate supply. Oil should soon trade above US$ 50.  Yesterday the US Senate & Congress voted to override President Obama's veto, and allow Americans to...
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GIS September 26 (The New Cliché)

Date: 2016-09-25 - Prepared by: The GISI
The two most important factors for any asset class—at this stage—are long-term interest rates and US elections. To discuss the future of interest rates, let’s look briefly at Japan. What happened in Japan last week was extraordinary and unprecedented. The...
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Special Report (Investing In Banks)

Date: 2016-09-14 - Prepared by: The GISI
For this Special Report we have chosen 60 banks from around the world. Each bank is systemically important in its home country. We have estimated the fair value of these banks' Price-to-Book (P/B) ratio. According to our model, Commerzbank AG...
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GIS September 12 (The Weakest Link)

Date: 2016-09-11 - Prepared by: The GISI
It is a big mistake to ignore the G-20 communiqué issued last week. Many market commentators and researchers don’t read anything longer than a few pages. Instead they briefly look at summaries provided by journalists and rush to conclusions.  For...
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A Brief Note on Oil

Date: 2016-09-05 - Prepared by: The GISI
Last weekend, in China, Vladimir Putin and Saudi Arabia’s Mohammed bin Salman agreed that (a) oil producers would be better off if oil stabilized between $50 and $60 and (b) they should find a compromise with Iran on its level...
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