Treasury just sold $24 Billion in 10 Years; Now the Fed selling $8.75 billion in 1.5 Years. Everyone selling debt
10 minutes ago
Finance & Markets Channel: Latest Posts
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GMac
Negative Fatigue (or, The Power of Asset Allocation Rebalancing)
Blistering! Amazing! Astounding! Terrifying! We start off the New Year with no shortage of adjectives to describe the month in markets that was January. While it remains unclear how broad the participation has been and to what degree the strength is sustainable, there is no question that investors, helped by the world’s central banks, moved [...]
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GMac
Ellis CNBC Video – Is a Disorderly Greek Default Priced into the Market?
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Dan Alpert's Two Cents
Alpert Bloomberg Video on Greek Debt Crisis, Fed, U.S. Economy
Feb. 7 (Bloomberg) — Daniel Alpert, managing partner at Westwood Capital LLC, talks about Greece’s sovereign debt crisis. Alpert also discusses Federal Reserve monetary policy and the U.S. economy. He speaks with Matt Miller on Bloomberg Television’s “Bottom Line.” (Source: Bloomberg) Alpert on Greek Debt Crisis, Fed, U.S. Economy
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RGE Analysts
RGE’s Gina Sanchez CNBC Video – Does the Rally Have Legs?
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Finance & Markets
The Cyclical Dimension of the Safe Asset Problem
An important problem facing the global economy is the shortage of safe assets, assets that facilitate transactions at both the retail and institutional level. There is both a long-term, structural dimension to this problem as well as a short-term, cyclical one. The structural dimension is that global economic growth over the past few decades has [...]
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Finance & Markets
Schneiderman MERS Suit and HUD’s Donovan Remarks Confirm That Mortgage “Settlement” Is a Stealth Bank Bailout
In case you had any doubts about what the mortgage settlement was really about and why banks that were so keenly opposed to it are now willing to go ahead, the news of the last two days should settle any doubts. As we had indicated earlier, one of the many leaks about the settlement showed [...]
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Finance & Markets
Weighing the Week Ahead: Time for a Breather?
After last week’s data and the recent market run, I sense that it might be time for a deep breath. There have been solid reasons behind the market rally, including all of the following: Improving economic reports Progress in Europe Reasonable growth in earnings A backdrop of low P/E multiples Last week I accurately suggested [...]
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GMac
Lincoln Ellis, Barry Knapp on U.S. Stocks Bloomberg Video
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Great Leap Forward
$30 TRILLION TO PROMOTE CRONY CAPITALISM: The Fed’s Bail-Out of Wall Street
I’m directing a research project on the Fed’s bail-out of Wall Street and am periodically posting updates on the findings. Previously I’ve blogged the preliminary findings of two of my grad students, James Felkerson and Nicola Matthews and the first paper was finished a few weeks ago (my summary here http://www.levyinstitute.org/pubs/op_23.pdf; full paper here http://www.levyinstitute.org/pubs/wp_698.pdf) [...]
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Finance & Markets
Next-Generation System-Wide Liquidity Stress Testing
The global financial crisis has shown that neglecting liquidity risk comes at a substantial price. This column presents a new framework to run system-wide, balance sheet data–based liquidity stress tests. The liquidity framework includes a module to simulate the impact of bank-run type scenarios, a module to assess risks arising from maturity transformation and rollover [...]
