TYBS News and Press, Direxion Daily 20+ Year Treasury Bear 1X Shares Direxion Shares ETF Trust From 05/27/20

Central banks printing money leads to inflation. It sounds right... right? Not so fast. For US investors, the 1970s era of elevated inflation and the early 1980s Fed-induced recession still eludes recency bias. We are conditioned to believe that massive amounts of quantitative easing and lo...

As discussed in " Navigating the Low-Rate Environment ," artificially low rates are causing multiple price distortions and pockets of heightened risks. But there is nothing natural about this. The so-called "natural rate" serves as a common goalpost for forecasters of inflation. The concept ...

When the Federal Reserve announced on March 23 that it would purchase eligible corporate debt, syndicated loans, and exchange-traded funds (ETFs) via a special purpose vehicle (SPV), backstopped by the Treasury, moribund markets jumped. Highly leveraged companies like Carnival (CCL), Ford ...

David Beckworth: Scott, welcome back to the show. Scott Sumner: Thank you for inviting me, David. Beckworth: Oh, it's great to get you back on the show. And last time we chatted, it was late February. Well, a lot has changed Scott since that time, particularly with the economy, C...

moral hazard [ˈmôrəl ˈhazərd] NOUN economics lack of incentive to guard against risk where one is protected from its consequences, e.g. by insurance. The market continues to act very well given the horrific economic headlines that have crossed the w...

As a response to the Covid-19 outbreak, the United States unveiled a $2 trillion package in March - the largest of its kind. Aside from the expansion of debt, potential inflation has been a cause for concern. But several factors ensure that broad inflationary pressures will almost certainly b...

At Cumberland, we continuously have internal strategy discussions. We decided to make one such discussion, on the subject of inflation and US capacity utilization, available in the form of a commentary to clients, consultants, and all readers. Below you'll find a summation of our discussion...

Few mainstream commentators understand the seriousness of the economic and monetary situation, from a V-shaped rapid return to normality towards a more prolonged recovery phase. The fact that a liquidity crisis developed in US money markets five months before the virus hit America has been f...

By Darren Williams COVID-19 has supplied the catalyst for a secular change in the role of central banks. Providing governments with ammunition to fight the virus is now the overriding goal, and this means keeping bond yields pinned close to zero for the foreseeable future. The Changing...

Yield curve control - setting bond yields by the central bank - has returned to discussion. Mainstream economics overemphasises the role of interest rates in guiding the economy, and based on previous experience, it seems entirely likely that some form of new policy will be attempted to counte...