ITE News and Press, SPDR Bloomberg Barclays Intermediate Term Treasury From 08/15/19

The mold has been broken. It took place this morning, as the 30 year Treasury hits a 2.06%, as I am writing my commentary. This is the lowest yield for this security going back decades and decades. It is astounding, really, as the central banks of the world have changed course, with $15.9 tril...

President Trump's decisions on the US-China trade war reflect a method to the madness, his supporters insist. To everyone else, it just appears to be madness. Regardless, Trump's abrupt announcement on Tuesday that new tariffs on Chinese goods would be delayed inadvertently provided some cla...

Outspoken author and investment advisor James Rickards sat down for a pro-to-pro discussion with Hedgeye CEO Keith McCullough recently. Here's an interesting quote from Jim: I was able to ask Larry Summers about that at dinner a couple of days ago. I knew the answer, but I wanted ...

Earlier this year, there was a series of articles by fellow SA author Alan Longbon , which explained that, because the debt ceiling prevented the Treasury from issuing new Treasury securities into the market, the banks were forced into stiffer competition in the secondary bond market and th...

By Robert Hughes AIER's Everyday Price Index rose 0.2 percent in July, partially reversing a 0.4 percent decline in June. The more widely known price gauge, the Consumer Price Index, also rose 0.2 percent in July. The EPI measures price changes people see in everyday purchases such as groc...

If you like rate cuts and think they are powerful tools to help manage a soft patch, then there was good news in two international oil reports over the last week. The US Energy Information Administration ((EIA)) cut its forecast for global demand growth for the seventh straight month. On Frida...

Asset pricing is often mysterious as a source of figuring out exactly what Mr. Market is discounting, but in the case of bonds these days there's no ambiguity about the crowd's outlook. Recession is effectively a foregone conclusion, the yield curve is predicting. But while the real economy ha...

It is absolutely amazing the lengths people will go to in order to deny the most straightforward and obvious explanation; to torture and twist plain evidence. That's the thing about rationalizing, though. The narrative usually matters more than the facts. Take tax reform and interest rates. ...

Tyler Cowen linked to an interesting article on China's financial situation: The government's dramatic about-face from encouraging aggressive overseas acquisitions to cracking down on risky lending and overseas transfers underscores worries over the risk that the nation could run short of...

For much of the current expansion, cycle investors have been forced taught to believe in a Heads-I-Win-Tales-You-Lose investing environment in which good economic news was good for equities and bad economic news was also good for equities. Good news obviously indicates a positive environment...