Market Short Means HigherTaken from the front of the Willard Hotel where I stayed for the Alliance For Lifetime Income conference. I will have extensive observations and commentary on the conference in the coming days.Washington shenanigans continue, with debt ceiling...
Ripple Effects Of Higher Interest RatesAgain, these are all points that have been made here, or on the YouTube Channel.Higher interest rates mean that the huge investors (pensions) have the ability to allocate money to receive the proceeds required to pay their...
The Search For What’s NextIn A NutshellThe Federal Reserve and Treasury Department created a new backstop for illiquid securities. This is to ensure deposits and to prevent the need for banks to sell a certain set of assets under extreme duress.
Interest Rates Suddenly LowerBut This Time For The Wrong ReasonNPV (price) of bonds notably higher, and why? Because of fear, due to the issue that we will discuss tomorrow. While we have been noting that risky assets can be supported by lower interest rates, that is...
Silicon Valley Bank: A Canary AppearsThe FDIC closed and seized Silicon Valley Bank today. After the live broadcast, only certain segments will be available. What happened? How did this happen? Is it likely to happen to others? Does it matter?Peace and calm has been...
You Cannot Exchange Statistics For GroceriesThe crossfire at this point in time is incredible.Overall earnings lowerInterest rates higher in the very recent past, refer to the prior editions. A primary explanation of the relative stability? Interest rate stability (it...
Interest Rates: It’s Not Only Absolute LevelIt’s not solely the level of interest rates, volatility is also important, a point I have made on multiple videos on Jae’s Corner YT vids. So far this year, that interest rate volatility (MOVE) has declined, look at the pink...
Y’All Onboard Now?What’s different? I have stated that Numeratorville doesn’t like it when the denominator is higher AND unstable. Just one of them “might be” okay. Both? Blech.But now…dollar lower, yields not crazily swing around by .20% a day. By the way, if you...
Financial Markets Crazy AlreadyFriday was stunning but easily explained: DENOMINATOR LOWER, duh.Just re-read what has been said on November 10th (Click here to read), and many times here.What is not resolved?a. So lower wage growth might be good for inflation. Is it...
Financial Markets’ Worst in 15 YearsClick on the link below to watch.Click here, this video is not for public distribution.
You Want Scary? I’ll Show You ScaryIf you believe that inflation’s ripple effects are over, nah. Just look at these two headlines.‘Huge, Missing and Growing:’ $65 Trillion in Dollar Debt Sparks Concern’ (Bloomberg, Dec 5)ANALYSIS-Blackstone REIT restriction a possible...
No One Said Bonds Lower Forever, YannoI didn’t say forever, and I am not saying that the bond market is fixed (unlikely that this is over), but for the time being, look at the black rectangle.