At the FOMC meeting which begins today, there will likely be 3 alternatives presented in the Bluebook - A, B and C. Below we present what the statement might look like under each alternative. The more dovish Alternative A would likely call for 600b of longer dated...
Just a very short note today as I'm headed to the airport to start a 7 day trip across the US. I am putting a note together on what the FOMC statement might look like next week so keep an eye out - this is going to be one of the most important FOMC meetings […]...
In most ways the excess borrowing by, and lending to, European sovereign nations was no different than it was to US sub-prime households. In both cases loans were made to folks that never had the means to pay them back. And these loans were made in the first place...
Our scorching summer has official ended but fear levels remain red hot. One only needs to look at a chart of the German Bund, the US 10yr, the Greek 2yr, Gold or any money center bank stock price to see that markets are anticipating some catastrophic events this...
A baseball score - probably about right if we played ball, but no. A hockey score - very unlikely. A soccer score - no chance. It is something far more important - it is the number of Nobel prizes in economics that have been awarded to residents of each country. When...
Jackson Hole has come and gone taking spoos up over 4% and 10s up 15bps from their Friday lows. We are clawing back some of the August misery, but there is a lot of pain still out there. The Colonel has work to do, but the good news is he knows it - and that...
Jackson Hole has come and gone taking spoos up over 4% and 10s up 15bps from their Friday lows. We are clawing back some of the August misery, but there is a lot of pain still out there. The Colonel has work to do, but the good news is he knows it - and that […]
