TUZ News and Press, PIMCO 1-3 Year U.S. Treasury Index Exchange-Traded Fund From 04/21/20

Transcript of interview with Dr. Tim Duy of the University of Oregon and the Fed Watch blog (edited for length and clarity) on April 15, 2020. Bill Conerly: Hi, I'm Dr. Bill Conerly and I'm joined today by Dr. Tim Duy, one of the country's most well-respected Fed watchers, obse...

"Gradual inflation has a numbing effect. It impoverishes the lower and middle class, but they don't notice." -Andrew Bosomworth, PIMCO Germany, as quoted in Der Spiegel The rise of populism, evidenced by the success of Donald Trump, Bernie Sanders, and Alexandria Ocasio-Cortez, is rooted...

Investment thesis: the bond market is very volatile. Treasuries are still near their highs for the last several years; other parts of the market have rallied from lows due to the Federal Reserve back-stopping the market. However, this is not a good place for any but the most seasoned of inves...

By James Puplava "By a continuing process of inflation, government can confiscate, secretly and unobserved, an important part of the wealth of their citizens." - John Maynard Keynes "Inflation is not caused by the actions of private citizens, but by the government: by an artificial...

U.S. Treasury yields plunged to new all-time lows after the onset of the coronavirus pandemic, reflecting a flight toward safety by investors, the prospect of a very deep recession, and large-scale purchases of Treasuries by the Federal Reserve. How long-lasting will this environment of super-...

By Frank Shostak So far in March, the data indicates that the yearly growth rate of our measure for US money supply ( as measured by the AMS metric ) stood at 10.5 percent against 6.6 percent in February and 1.7 percent in March last year. Given that the Fed is busy throwing money at the...

The big macro issue facing us is the question of inflation that results from activity restrictions. I wrote about inflation forecasting earlier , and the key take-away is that CPI prints will depend heavily upon the weight of each component, and the components will be moving in different dire...

Investment thesis: Despite the equity market rally, the Treasury market hasn't sold off, indicating there is still a big safety bid. Other bonds rallied due to the Fed stepping into the market. If investors have a high risk tolerance, some higher-rater corporate debt ETFs might be appropriat...

Overview: We start with the end of 2019 as a time when many companies issued low-cost debt to buy back shares and/or to aggressively acquire other companies and to thus leverage their balance sheet into danger zones. Most of these activities were initiated to satisfy buyback cheerleade...

The severe damage already evident in the U.S. labor market is a clear signal of the recessionary plunge in economic activity. We now forecast real U.S. GDP will contract over −5% over the full year of 2020, with the deepest contraction in the second quarter - an estimated quarterly drop...