Archive - Jun 6, 2009 - Story

In his daily report yesterday, David Rosenberg had some pertinent things to say about deflation, not the least of which was debunking Melissa Francis' preconception that inflation is equivalent to commodity price increases.

In his daily report yesterday, David Rosenberg had some pertinent things to say about deflation, not the least of which was debunking Melissa Francis' preconception that inflation is equivalent to commodity price increases.

RenTec up 22 bps for the first week of June, compared to 2.36% for the S&P. Maybe Simons, sick of being on the wrong side of the beta trade, has thrown in the towel and readjusted his portflio to generate the same relative beta performance as the market has exhibited, and is still failing? For how much longer?

• Must read 1: Revenge of the nerd: quants demystified (Newsweek)
• Must read 2: Learning from the great crash of 1929 (Bear Market Investments)
• Must read 3: Mauldin: The new, new normal (

[youtube=http://www.youtube.com/watch?v=vIL3fbGbU2o&hl=en&fs=1&]