DLBS News and Press, Barclays Bank PLC ZC SP ETN REDEEM 13/08/2020 USD 50 - Ser A 06740L444 From 04/17/19

Extreme monetary accommodation and share buybacks have extended the last three economic expansion cycles since 1991, but magnified savings and investment deficits through the economy at the same time. For one important example see WSJ : Long Bull Market has failed to fix Public Pensions. Pe...

Over the past decade, inflation has persistently undershot the Fed's inflation target. The Fed's preferred measure of inflation, the core PCE deflator, has averaged 1.56 percent over this time compared to a target of 2 percent. The Fed officially began inflation targeting in 2012, but was impl...

By Pater Tenebrarum Investors are Oblivious to the Market’s Downside Potential This is a brief update on a number of sentiment/positioning indicators we have frequently discussed in these pages in the past. In this missive, our focus is exclusively on indicators that are of medium...

It happens whenever there's a sharp rise in gasoline or oil prices. Pundits focus on the increases and cry foul if broad inflation gauges don't confirm the price hikes at the pump. But it's short-sighted to assume that a spike in energy prices will automatically lead to higher inflation overal...

I have been on the verge of writing this commentary for quite some time. The more that I thought it through though, the more complicated it seemed to become, and the more I felt like there were loose ends to my reasoning. I did not wish to leave any loose ends dangling here, like some "hanging...

Jeff explains that bonds appear to be back to playing their traditional role as diversifiers against stock downturns. But a look back in history reveals that inflation may be key to how well this relationship holds up in the future. The first 3 months of 2019 have been busy for bonds. Glob...

There are no extreme "fixes" to secular declines in sales, profits, employment, tax revenues and asset prices. The saying "never let a crisis go to waste" embodies several truths worth pondering as the stock market nears new highs. One truth is that extreme policies that would raise obje...

Rick Rieder and Russ Brownback argue that despite the market turbulence witnessed in the past several months, as well as a dramatic policy reversal, we find ourselves at a moment of remarkable economic stability. That fact, along with greater policy accommodation and capacity, argues for heal...

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Yield Curve Inverts On March 22nd of this year, financial news outlets reported the first yield curve inversion since 2007 (see chart below). A yield curve represents interest rates, at a point in time, across treasury securities of varying maturities. A normal curve slopes consistently up...