Seth Levine, CFA  Investment Expert

Seth Levine is a professional, institutional investor focused on selecting high yield bond positions for a financial services company. He is also the creator of The Integrating Investor where he blogs about macroeconomic and investment strategy related themes. Seth holds a Bachelor of Science degree in Mechanical Engineering from Cornell University and is a CFA charterholder. You can learn more about Seth at and follow him on Twitter at @SethLevine2. Please note that any opinions and views he expresses are solely his own and do not reflect those of his current or former employers.


Calling A Spade A Spade Part 1: The Greatest Trick Inflation Ever Pulled

I’ve always been a fan of a good mystery, which perhaps explains my fascination with today’s inflationary environment (so much so that I’ve dedicated my first two posts to the subject). It strikes me as odd, that – just sticking with the Federal Reserve (Fed) for simplicity’s sake – $4 trillion of newly minted reserves just up and vanished without leaving a monetary trace, like Keyser Soze in The Usual Suspects.  How can there possibly be (virtually) no inflation as today’s leading experts would have us believe? What if, like all good mysteries, the answer to ours is hiding in plain sight, and “the greatest trick [inflation] ever pulled was convincing the world [it] did not exist”?


Catching The Drippings Of A Melting Market

If one is to believe what he or she reads in the financial press, then one thing seems certain: the markets are about to melt!  The problem is, that depending on the day, the source, and perhaps even the lunar cycle, it’s not clear whether the markets are about to melt up or melt down.


Interpreting The Market’s Monet

Investing is often referred to as an art form. Models, charts, and regressions can only get you so far. We are constantly pummelled with an endless stream of data, some of which is important information and some of which is worthless noise. Drawing order out of this chaos requires one to engage with his/her uniquely human element, one’s creative capacity. How well one can paint a picture with the incoming data will likely determine his/her success. Are we getting some of those important data points now? Given the recent moves across a series of markets, it sure seems like it.


The Bursting Of The Volatility Bubble: Part 2

The following is Part 2 in a two part series.


The Bursting Of The Volatility Bubble: Part 1

If there were a Word of the Year award in finance it most certainly would go to volatility. It seems like nearly every article you read makes some reference to it. Is volatility gone for good or is it just in hibernation? Did central bankers forever squash volatility, repress volatility for some time, transform volatility? Did structural changes in the macroeconomic landscape create a “new normal” with respect to volatility? Is volatility building beneath the surface of the markets planning its vengeful return? Is volatility volatile? Volatility, volatility, volatility! With all this discussion of volatility, one thing seems certain: there’s a bubble in volatility, as in the word itself.


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