After spending the bulk of last week in Boston, I'm off to the great state of Texas this morning for more client debate and discussion on the Jefferies global macro outlook. There was no shortage of controversy in virtually every meeting last week as our JEF rose...
The FED will be successful at reflating the US economy. However, the buying of Treasuries, to push long term government bond yields lower, will not directly transmit lower funding rates to any important parts of the economy (such as the household sector). In fact it...
It amuses me to this day to see respectable institutions suing mortgage originators for violations of reps and warranties associated with the creation of non-agency residential mortgage backed securities. The whole creation of alt-a and subprime securities came about...
We have sent the October Global Fixed Income Monthly to printer and it should available in a couple hours. We will forward the pdf once it comes back. In the mean time I have attached the forecast summary for everyone to chew on…enjoy! Forecast Summary Since the...
Yesterday was the "coming out" party for the FOMC minutes. It was formally announced that the minutes are now a policy tool - they can be used to ease or tighten policy. Oh boy!! Given the recent FOMC record on delivering a clear and transparent message, this is gonna...
Yesterday was the "coming out" party for the FOMC minutes. It was formally announced that the minutes are now a policy tool - they can be used to ease or tighten policy. Oh boy!! Given the recent FOMC record on delivering a clear and transparent message, this is gonna get interesting as we sift through […]
