The Chicago 77

11 March 2011 – This week I feel a bit like Oliver Twist with my bowl outstretched in front of me as I beg for more. The lack of upward movement alone should be considered stupendous, but we actually saw a nudge down in pricing. I cannot, however, get past the belief that we should [...]

4 March 2011 – I usually like being right. In my last update, I addressed the fickleness of markets and advised that the lower rates of late could be a fleeting affair. Based on the events of the last week, the turned out to be more prophecy than prognostication as we saw the week end [...]