Peter Treadway, PhD

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Beware Of The IMF Bearing Gifts

The Economist is referring to the Greek financial crisis. Readers of my last piece Privatize the Gains, Socialize the Losses must know what I think of The Economist’s recommendation.

Privatize The Gain, Socialize The Loss

The public and the politicians have been outraged at the bonuses the recently bailed out banks have decided to pay themselves. In the United States, bankers are now held in lower esteem than politicians....
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The Crisis Of 2008 - The Last Chapter

“It is frequently thought that relieving an alleged shortage of money will solve all social problems. Even today, with an economic crisis raging, the response ...
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The Heat Is On

He lied like a finance minister on the eve of devaluation....
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The Export Model

So the world may turn.The US is in a serious consumer led debt deflation. Unemployment will rise further. The realization has now come that the US third quarter GDP numbers were juiced up by the government’s cash for clunkers program, the $8000 credit to new homeowners and a modest inventory swing. These weren’t such good numbers as the market figured out a day later. Now we are starting to hear about a “W” recovery....
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Where To Invest Now

After rallying strongly in the first part of the year, stock markets in most countries seem to be taking a breather. Investors, many of whom missed the earlier rally and are still shell shocked from the declines of 2008, must ask themselves “where do we go from here?” It doesn’t help that their inboxes and the cable channels are filled with contradictory recommendations from so-called experts....
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Is China In A Real Estate/Stock Bubble?

Answer: Probably not. The Chinese authorities are as aware of recent history as anyone else....
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The Renminbi Yearns To Be Free

“The outbreak of the current crisis and its spillover in the world have confronted us with a long-existing but still unanswered question, i.e., what kind of international reserve currency do we need to secure global financial stability and ensure world economic growth…The desirable goal of reforming the international monetary system, therefore, is to create an international reserve currency that is disconnected from individual nations and is able to remain stable in the long run, thus removing the inherent deficiencies caused by using credit-based national currencies.”...
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Money Talks, Markets Listen

A Tale of Two Central Banks...
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Facing Reality

"The greatest obstacle to discovery is not ignorance; it is the illusion of knowledge." - Daniel Boorstin...
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Author Info
image Peter Treadway, PhD Dr. Peter T. Treadway is an independent consultant and money manager and Adjunct Professor in Asia. He is currently is principal of Historical Analytics, LLC. Historical Analytics is a consulting/investment management firm dedicated to global portfolio management. Its investment approach is based on Dr. Treadway’s combined top-down and bottom-up Wall Street experience as economist, strategist and securities analyst. A monthly letter entitled The Dismal Optimist is produced for clients. Dr. Treadway also serves in a part time capacity as Chief Economist, C T RISKS, a new Hong Kong company that will assist Asian financial institutions with their risk management problems. On the educational front, Dr. Treadway has developed a special Masters level course focusing on securities analysis and discounted cash flow and incorporating elements of standard equilibrium pricing models, behavioral finance and historical trends. This course has been given as Adjunct Professor at the Shanghai University of Finance and Economics (SUFE) and the City University of Hong Kong. From 1965-2000 Dr. Treadway had a distinguished career on Wall Street and with major American financial institutions. For example, from 1978-1981 he served as Chief Economist at Fannie Mae. From 1985-1998 he served as institutional equity analyst and Managing Director at Smith Barney following savings and loans and government sponsored entities(GSEs). He was ranked as “all star” analyst eleven times by Institutional Investor Magazine. Dr. Treadway holds a PhD in economics from the University of North Carolina at Chapel Hill, an MBA from New York University and a BA in English from Fordham University in Bronx, New York.