AlezorResearch

Europe first, America next ?

The American economy may now resemble, in several respects, Europe one or two quarters ago. The question is whether the United States is escaping the economic pressures affecting Europe, or simply experiencing them with a delay.

The geography of hidden leverage

Every major financial crisis appears to leave behind better financial reporting. Enron increased scrutiny of consolidation and special purpose entities. The financial crisis increased attention to off-balance-sheet exposures,

The way out of the AI Capex conundrum may be commoditization

AI demand is real, but the capital required to meet it is growing faster than profits. What are the possible ways out?

When inflation flatters earnings, simple extrapolation fails

Inflation does not always hurt earnings immediately. Sometimes it makes them look better first. That may be one of the most important risks in the current earnings cycle. When prices

When prices stop informing Challenging the Efficient Market Hypothesis

The delayed shock